Kent Reliance for Intermediaries (KRFI) will officially stop accepting new business from next Wednesday, December 17.

This includes buy to let, residential and shared ownership products as well as further advances. Products will be removed on Tuesday December 16 but applications that have reached fees paid stage will continue to be processed until completion as normal.

Beyond this date, KRFI will continue to provide support for brokers and existing customers with buy to let and residential product transfers and shared ownership staircasing. BDMs will also be available to provide any additional guidance and assistance.

This move follows the recent launch of Rely, OSB Group’s new dedicated buy to let lending brand for brokers and property investors. OSB claims Rely provides a smoother experience for both brokers and customers. 

Precise becomes the new residential and bridging specialist, with in-house teams on hand to offer their expertise as well as BDM support.

A spokesperson comments: “KRFI has a 13+ year track record in supporting brokers and their customers with specialist buy to let and residential finance …  Moving forward, Precise will continue to focus on itsstrong residential offering which has seen a number of keyenhancements this year, including 90% and 95% LTV products and up to 6× income multiples for eligible borrowers.”