Reliance Bank
Reliance Bank
  • info_icon 020 7398 5421
  • info_icon Visit Website >
  • info_icon [email protected]
  • info_icon All applications and supporting documentation must come through to the mortgages department via email using the above email address.
  • info_icon Manual underwriting form - no online platform

Reliance Bank

Reliance Bank was established in 1890 by the founder of the Salvation Army, William Booth.

Reliance Bank remains part of The Salvation Army today. Our mission is to serve communities with compassion and integrity that's why along with our positive social impact mortgages, which includes shared ownership.

And we donate up to 75% of our profits to The Salvation Army International Trust, where it's used to support their evangelical and charity work around the globe.



Proc Fees

Products Gross           Max Net     
All products 0.37% £2500 0.35%

Key Features

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    old school lender - manual underwriting

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    Advisers get to speak to decision maker on initial assessment

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    more flexible regarding gifted deposits - can include friends as well as family members. Please refer to criteria or speak to a underwriter

Product Type When does the lender pay PMS? Frequency
All Within a Month. Monthly.

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.  


Restrictions: Lender-InfoBoxWhite

We do not currently lend in Scotland nor in Northern Ireland.
We do not lend more than 90% ltv currently - rates are subject to change at anytime

Register Lender-InfoBoxWhite

Register to place business with Reliance Bank:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.


We are known as the 130 year old start up. Reliance Bank was the Salvation Army's private bank until 2 years ago. Where following a change of ownership the shareholders made the decision to open the bank up to the wider market and as such one of the key objectives of this approach is to grow the Bank's mortgage proposition and mortgage book through ongoing positive relationships with professional mortgage intermediaries.

We have over the last 2 years changed and adapted to the ever changing mortgage market place and our mortgage criteria reflects this.

The bank's mission is to help people onto the housing ladder, mainly through shared ownership as well as supporting first time buyers and key workers.

The initial feedback we have had has been positive, where brokers are able to speak to someone to see if they are able to place a case with us prior to submitting paperwork for an AIP. We have also had positive feedback as to our approach regarding gifted deposits and how we are more felixable compared to the majority of other lenders.

While our current website is indeed built for consumers and not for professional mortgage intermediaries we are currently looking at a solution for you so please bear with us.

However all key criteria information has ben supplied to the club so if you have any questions please feel free to call one of the underwriters who will be able to assist you. We will be looking to provide some repayment calculators on the main wedbite in due course. So please watch this space!