OBS Group has launched a technology-led buy-to-let lending model referred to as Rely.
Rely will use data-led underwriting on a newly created platform, which it stated will result in sooner and extra correct choices.
The group stated it is going to be capable of deal with extra advanced circumstances through a digitised post-offer course of, built-in with an LMS solicitor panel for conveyancing companies and same-day funds switch.
Adrian Moloney (pictured), group middleman director, stated: “By enhancing the group’s present buy-to-let services, and putting them below the Rely model, we’ve successfully created a buy-to-let powerhouse, drawing on the identical experience and expertise that our dealer companions will already be aware of.”
The model has been within the works for the previous 18 months, with the present Kent Reliance for Intermediaries model being retired.
Exact Mortgages, a mortgage lender that additionally sits below One Financial savings Financial institution, will focus solely on residential and bridging after beforehand working within the buy-to-let house too.
