0207 398 5422 |Option 1 – New Business and applications currently in progress |Option 2 - Existing Mortgage Enquiries
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[email protected]
Pin number to access the broker pages – 789456.
Manual underwriting form - no online platform

Reliance Bank

Reliance Bank remains part of The Salvation Army today. Our mission is to serve communities with compassion and integrity along with our positive social impact mortgages, which include Shared Ownership and Key Worker propositions

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

Paid by PMS

For details of when your proc fee will be paid, please click on the button below.

Paid by PMS

Proc Fees

Products	Gross Max	Net
New Business	0.37%	0.35%
Product Transfer	0.2%	0.18%

Key Features

Manual Underwriting for a more flexible approach
Gifted deposits accepted from family AND friends

We credit search - not credit score

Proc fees - when your proc fee will be paid

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.

Overview

Restrictions:

We do not lend in Scotland or in Northern Ireland.

Register

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.

Reliance Bank has been in the intermediary market since 2018. We are affectionately known as the 132 year old start up.

The Bank’s mission is to help more people onto the housing ladder, mainly through our Shared Ownership product range, as well as supporting Key Workers with their mortgage needs.

We have recently updated our intermediary website. The pin number to access this is 789456. The site shows our products, SLA’s and has a document library

USPs & SLA’s

Why use Reliance Bank ??

We are a manual Underwriting Lender which means there are no API algorithms to contend with. We use a common sense approach
We Credit Search - not Credit score
All cases are assigned to a Mortgage Underwriter who works closely with the Broker and takes full ownership right through to completion
We are transparent with our SLA’s
We carry out a Soft Footprint for AIPs and Hard Footprint for FMAs
We complete an affordability assessment on the phone for every case
AIPs are valid for 4 months and Mortgage Offers for 6 months

Shared Ownership;

Our shared ownership proposition is simple - we lend up to 95% LTV of the share even for new builds
We offer an £850 cashback – minimum loan is £75,000

Keyworker Product Range

We offer bespoke mortgage products to Keyworkers
We lend up to 95% LTV for Purchases and 90% LTV for Remortgages / unencumbered properties subject to product availability
We offer an attractive cash back for all Key Worker applications - minimum loan is £125,000

How to submit business with Reliance Bank

Please phone us for a case discussion. You will need your clients income and expenditures to hand so that we can complete an affordability assessment. We will then talk you through next steps.