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.