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Kent Reliance Building Society (KRBS)

The KRBS has a history going back over 150 years, it is the only building society based in Kent and has assets of over £2.2billion, branches and agencies are based throughout Kent but savers and borrowers can apply to join the membership of this mutual society from any part of Great Britain. There are no shareholders to claim dividends so all profits are reinvested into the society and this means better interest rates can be offered to customers.

During 2009 the Society has won awards for 'the Best ISA' from What Investment and 'Best Shared Ownership Product' from What Mortgage Magazine.

The most popular product is a fixed rate mortgage and you can choose interest rates that are fixed for between 2 and 25yrs. A Fixed rate mortgage will ensure that you can plan for your monthly repayments over a fixed period of time, this Society is unusual in offereing a 25yr fixed rate deal but you should check with your mortgage advisor about how suitable this product may be for you. At the end of the specified fixed period you will switch to the Society's Standard Variable rate.

The Society also offers mortgages that are suitable for shared equity products and buy to let options. Existing customers can take out a homeowner loan for home improvements or other large purchases.

 

Kent Reliance Building Society Mortgage Products

Fixed rate mortgages: You can arrange to have your interest rate fixed for between 2 and 25 years. During this agreed period of time you will be charged an early repayment fee if you pay all or part of your mortgage balance but the product is portable if you decide to move home.

Standard Variable Rate mortgages: This traditional style mortgage will charge the Society's Standard Variable Rate for the period of the loan, you will not be tied into a fixed or discount rate. There are no early repayment charges if you pay off all or part of your mortgage at any time. Your monthly payments are likely to fluctuate and may change along with the Bank of England Base Rate.

Buy to Let mortgages: Contact your mortgage advisor about these products, the Kent Reliance Building Society assesses each proposal individually and may lend up to 75% of the property's value.

If you are interested in a mortgage quotation including those offered by Kent Reliance Building Society please complete our quick enquiry form.