According to the lender, the new rates now start at 2.54% for a two-year fix and 3.64% for a five-year fix at 70% LTV. At 75% LTV, rates have been dropped to 2.69% and 3.79% for two and five-year fixes respectively.
Kensington has also launched a new combined £250 cashback and free valuation to sit alongside its current free legals and free valuation. This new offer is available on residential and buy-to-let including limited company remortgages.
Craig McKinlay, new business director at Kensington Mortgages, commented: “The private rental sector is a vital part of our housing market. We’re always keen to empower landlords across the UK by increasing the options available to them. These rate cuts will provide buy-to-let landlords and the brokers who support them with even greater flexibility.
Kensington has grown and we are committed to passing these benefits on to our customers – lending with our head and heart.”
