OBS Group has launched a technology-led buy-to-let lending brand called Rely.
Rely will use data-led underwriting on a newly created platform, which it said will lead to faster and more accurate decisions.
The group said it will be able to handle more complex cases via a digitised post-offer process, integrated with an LMS solicitor panel for conveyancing services and same-day funds transfer.
Adrian Moloney (pictured), group intermediary director, said: “By enhancing the group’s current buy-to-let products and services, and placing them under the Rely brand, we’ve effectively created a buy-to-let powerhouse, drawing on the same expertise and experience that our broker partners will already be familiar with.”
The brand has been in the works for the past 18 months, with the existing Kent Reliance for Intermediaries brand being retired.
Precise Mortgages, a mortgage lender that also sits under One Savings Bank, will focus only on residential and bridging after previously operating in the buy-to-let space too.