Kensington Mortgages has announced that it has enhanced its offering and lowered rates across its residential and buy-to-let mortgages.
According to the lender, rates have been reduced by up to 55 basis points across Kensington’s residential select offering. New rates now start from 5.29% for 65% and 75% LTV, 6.09% for 90% LTV, and 6.44% for 95% LTV.
For its residential select special rates, which offer £1,000 cashback, Kensington’s 65% LTV two-year fixed is now available at 5.39% with a £1,499 fee and free valuation. Across its 95% LTV special rates, Kensington is offering 7.24% for two-years fixed, 7.14% for three-years fixed, and 6.79% for five-years fixed. All special 95% LTV rates include no fee and a free valuation.
Buy-to-let
In addition, rates have been reduced by up to 155 basis points for landlord clients across Kensington’s core and prime buy-to-let ranges. Kensington’s core rates now offer 70% LTV starting from 3.19%, while its prime rates offer 75% LTV starting from 4.39%. Both are available to individuals and limited companies and include identical pricing and fees.
“The introduction of reduced rates across our residential and buy-to-let products has further strengthened the competitiveness of Kensington’s proposition," comments Kensington Mortgages commercial director Andy Bickers.
"Yet what continues to truly differentiate us is the end-to-end support we provide for our broker partners. From our sales team that works with brokers to identify the right product for their clients to the direct access to dedicated underwriters and an average application to offers a turnaround time of only twelve days – it is the combination of excellent service and competitive products that continues to drive Kensington’s success.”
