Kensington cuts buy-to-let rates for a limited time

Kensington Mortgages is reducing rates across selected buy-to-let and residential products for a limited time only.

Related topics:  Finance
Rozi Jones
26th September 2018
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"Our latest updates further reinforce our commitment to supporting underserved borrowers across the UK"

On buy-to-let, two-year fixed rates at 75% LTV have been cut by 0.30% to 2.59%.

For residential rates, two-year fixed rate products have been cut by 0.20% to 3.39% at 85% LTV, while a five-year fix has decreased by 0.35% to 3.79%. Product fees have also been cut from £1,299 to £499 on both.

Kensington has also launched a new residential 10-year fixed product, available from 4.34% at 75% LTV.

These offers will be available until Wednesday 31st October for all completed Decision in Principle applications.

Craig McKinlay, sales and marketing Director at Kensington Mortgages, commented: “The launch of our new 10-year fix with built in flexibility provides first-time buyers and home movers with certainty and reassurance through, undeniably, uncertain times by giving them the security of a long term fix with the flexibility of a shorter term lock in. Buying a home is an ambition of many and we hope our product provides borrowers with stability and the peace of mind that a fixed term mortgage brings.

“We’ve been making several changes recently across our product range, all of which have been well received by intermediaries. Our latest updates further reinforce our commitment to supporting underserved borrowers across the UK, and we hope these changes continue to help intermediaries to provide the best possible service to clients, whatever their individual circumstances may be.”

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