According to the lender, rates will be cut up to 0.4% across their residential offering, with an additional 0.2% cut on the Hero range with rates starting at 3.09% for a two-year fix at 75% LTV.
Across all residential products, 85% LTV is also re-introduced. Kensington’s Select Range now starts from 1.99% for a two-year fix at 70% LTV and with the re-launch of 85% LTV, 3.84% for a two-year fix rate
The Select range maximum loan amount will also increase from £750,000 to £850,000 – and from £500,000 to £750,000 on Buy to Let. With cuts up to 0.3% across Buy to Let, rates now start from 3.59% for a two-year fix at 75% LTV and 3.94% for a five-year fix rate.
The lender confirmed that it will also re-launch its eKo £1,000 Cashback Mortgage.
Craig McKinlay, new business director at Kensington Mortgages, commented:
“We’re committed to helping borrowers at every life stage. This means providing tailored products and our latest re-launches open up new opportunities for our intermediaries and their clients. Our rate cuts reinforce our commitment to helping borrowers who are underserved and undervalued by high-street lenders and we’re confident these latest offerings will be welcomed.”
