Rely helps first-time landlord secure funding after previous lender decline

05 October 2026

Rely, the specialist buy to let lender and part of OSB Group, has helped a first-time landlord secure funding for the purchase of a London investment property after a previous lender declined the application.

The customer was purchasing a property valued at £865,000 and required a loan of £160,000 at 20% LTV on a two-year fixed rate. The property was expected to generate rental income of £2,000 per month.

Despite the property’s location close to London Bridge, a previous lender raised concerns about saleability and declined the application. The broker was surprised by the decision, particularly given the low loan to value requested and the property’s sought-after location.

Rely was able to assess the property using a desktop valuation, removing the need for a physical inspection and helping the application progress quickly. The property met the criteria required for this approach, while Rely’s efficient application process helped the case move from submission to offer in just six days.

Adrian Moloney, Group Lending Distribution Director, Rely said:

“This case demonstrates the importance of assessing each application on its individual circumstances. By taking a closer look at the property and using the tools available to us, we were able to provide a straightforward solution and deliver the speed the broker and customer needed. Combining responsive underwriting with a simple application journey helped us provide certainty at a crucial stage of the transaction.”

Darren Small, Director at Eddge Mortgages said:

“The process was seamless from start to finish. As the property had already been declined elsewhere, speed was crucial. Rely took a common-sense approach and the application process was straightforward, with excellent communication throughout. The case moved quickly and the experience was exactly what you would hope for from a lending partner.”