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Mortgages

Mortgages

We provide a wide range of mortgages including those with a positive social impact focus, including Shared Ownership and specialist mortgages for individuals with long term disabilities. 

If you are an independent financial advisor and are looking to register with ourselves please can you call us on 020 7398 5421.
 

Mortgages

We all know that buying a home can be stressful as there is so much involved ... estate agents… solicitors...surveys...mortgages... 

Reliance Bank is proud that our mortgage range supports our social impact focus, particularly through our shared ownership and first time buyer offerings to enable individuals to get onto the housing ladder and call their house a home.

Reliance Bank will provide information only so that you can make a decision based on your individual needs and circumstances. We do not provide advise on mortgages so if you apply to us directly our level of service is execution-only. We do provide a personal service and help manage you through each step of your mortgage journey from application to completion. Interested?

Please select the option below that best describes your circumstances:

  • Social Impact Mortgages
  • First Time Buyer 
  • House Purchase 
  • Remortgaging and Mortgage Free
  • Existing Customers (Rate Change / Further Advance)

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Our mortgages are subject to security and status and a first legal charge will be taken over the property.

Call us on 020 7398 5421 or alternatively email Mortgages@reliancebankltd.com to find out more.

    Mortgage documents
    • Social Impact Mortgages
    • First Time Buyer
    • House Purchase
    • Remortgage
    • Existing Customers

    Summary

    Reliance Bank are proud to support Shared Ownership Mortgages. These mortgages help people who would normally be unable to get on the housing ladder, to buy a share of their new home with the support of a housing association.

    We lend up to 90% of the share and take a first legal charge over the property.

    An example of a case we have done recently is a new build house in Hertfordshire

    Market value / purchase price - £250,000
    Client looking to buy a 60% share of the property = £156,000
    RBL Mortgage required (90% of the share) = £140,400
    Personal deposit from client / client's family = £15,600
    Housing association paying the remaining share = £94,000

    Shared Ownership Case Study

    Hannah and Joseph were recently able to buy their first home in North London on a Shared Ownership mortgage provided by Reliance Bank, with the support of a local housing association.

    Hannah says "We could not live where we are in north London without the Shared Ownership mortgage that Reliance Bank provided, We are so thankful to Reliance Bank and the housing association for enabling our family to have a home as we continue in work and ministry".

     

    Mortgage for people with long term disabilities

    Reliance Bank is able to support those individuals who have long term disabilities to buy a place they can call "home".

    The impact is substantial, not just for the individual who has the disability, but for the individual's wider support network and family.

    These mortgages demonstrate Reliance Bank's commitment to providing a positive social impact to those individuals who may have been unable to own their home.

     

    Call us on 020 7398 5421 or email Mortgages@reliancebankltd.com to find out more.

    Free basic mortgage valuation for properties up to £700,000.

    In order to apply for the free basic mortgage valuation offer, at least one customer must be a First Time Buyer (FTB).

    A first time buyer is defined as an individual or individuals who have never owned an interest in a residential property in the United Kingdom or anywhere else in the world and who intends to occupy the property as their main residence.

    Reliance Bank are proud to support shared ownership mortgages for First Time Buyers. These mortgages help individuals who will normally be unable to get onto the housing ladder, buy a share of their new home with the support of the housing association.

    We lend up to 90% of the share and take a first legal charge over the property.

    Can I apply for a first time buyer mortgage? Please see our First Time Buyer guide in our support page.

    Call us on 020 7398 5421 or alternatively email Mortgages@reliancebankltd.com to find out more.

    If you are looking to move or get back onto the housing ladder, we have a number of mortgage products available. We are delighted to make these available for shared ownership properties too with as little as 10% deposit.
     

    Please refer to the following documents in the Support page:

    - Guide to buying your home

    - House Purchase rates

    - Basic valuation guide

    - Homebuyer report guide

     

    Call us on 020 7398 5421 or alternatively email Mortgages@reliancebankltd.com.

    Remortgage and Mortgage Free

    Remortgage - Move your mortgage without moving home

    If you are considering switching your mortgage you may find that you could save money by remortgaging with us.

    Please see our Remortgage and Mortgage Free rate table and Reliance Bank Mortgage Terms and Conditions.
     
    Mortgage free property - Looking to raise a mortgage on your mortgage free home
     
    If you are considering raising money on your mortgage free home you may find that you could save money by doing that with us.
     
    Please see our Remortgage and Mortgage Free rate table and Reliance Bank Mortgage Terms and Conditions.

    Call us on 020 7398 5421 or alternatively email us at Mortgages@reliancebankltd.com.

    Existing Customer Further Advance

    If you already have a Reliance Bank mortgage and are needing to raise some additional money to help carry out some home improvements for example we have a range of mortgage products which can suit your circumstances. For a further advance we do not require a solicitor to carry out any conveyancing as you are already a customer of ours.
     
    We are able to lend up to 85% of the value of your home for a further advance.
     
    As Reliance Bank does not offer mortgage advice we are unable to assist you directly if you are looking to raise money for debt consolidation. In these circumstances we would ask that you speak to an independent financial adviser who will be able assist you with this request and will be able to submit a further advance application to us on your behalf.
     
    If one of our rates interests you, call us on 020 7398 5421 or email us at Mortgages@reliancebankltd.com.

     

    Existing Customer Rate Change

    The great news is, if you are an existing Reliance Bank mortgage customer all our mortgage products are portable.

    This means that if decide to move during your current mortgage term, we can transfer the outstanding balance at your original rate to your new home. We can also review the mortgage term should you wish at the same time as your rate change. Please note,as with any new mortgage application, the bank will need to carry out an assessment of your circumstances to ascertain how much you are able to borrow as porting allows you to transfer your current mortgage rate but the amount would be subject to our standard mortgage application process.

    If you are looking to borrow more on your mortgage, then you would need to refer to the house purchase product range for the corresponding rate of interest that would apply to any new money you wish to take out.

    Call us on 020 7398 5421 or alternatively email Mortgages@reliancebankltd.com to find out more.

     

    The Salvation Army

    We are proud to be the bank of The Salvation Army International. Find out more about our shared history.