"These latest reductions reinforce our commitment to offering brokers and their clients some of the most competitive and thoughtfully structured products across residential and buy-to-let in the market"
- Andy Bickers - Kensington Mortgages
Kensington Mortgages has lowered pricing across its residential and buy-to-let mortgages, making a range of its products available at reduced rates.
The lender has cut rates by as much as 0.47% across its residential Select and Core ranges, covering categories such as Heroes, Professional, eKo and Own New Rate Reducer. New pricing begins at 4.86% for a two-year fixed mortgage at 75% LTV with a £1,999 fee, while a five-year deal starts at 5.01% with a £1,499 fee.
Kensington has also added Special rates for residential Select two-year fixed products. These now include:
75% LTV at 4.86%
80% LTV at 5.04%
85% LTV at 5.19%
90% LTV at 5.59%
All four options apply to purchase and remortgage, with a £1,999 fee and a free valuation. Remortgage customers receive either free standard legals or £250 cashback. A 95% LTV rate of 5.96% is also available for purchase only, with the same fee and valuation package.
Across its Prime and Core buy-to-let ranges, Kensington has reduced five-year 75% LTV rates by up to 0.10%. For five-year 75% LTV HMO and MUB products, reductions are as high as 0.20%.
Revised BTL pricing includes:
Prime five-year 75% LTV with a £4,000 fee at 4.83%
Prime five-year 75% LTV with no fee at 5.09%
Prime five-year 75% LTV with a 3% fee at 4.49%
For HMO and MUB, new rates include 5.19% with a £4,000 fee, 5.54% with no fee and 4.89% with a 3% fee. All BTL products offer a free valuation, reducing upfront costs for borrowers.
“These latest reductions reinforce our commitment to offering brokers and their clients some of the most competitive and thoughtfully structured products across residential and buy-to-let in the market,” commented Andy Bickers, commercial director at Kensington Mortgages. “Yet, while pricing is important, it is the strength of Kensington’s end-to-end process that truly differentiates us."
"Our sales teams work closely with brokers to ensure their clients are matched with the right product from the outset, and our model of direct access to a dedicated underwriter provides clarity, speed, and confidence throughout the journey. This integrated approach remains central to the service our broker partners can expect from us today.”
