Rates start at 2.39% for a 75% LTV two-year fixed rate deal with a £999 fee, though the Select range includes fee-free deals too.
Kensington has also unveiled a new affordability calculator for buy-to-let borrowers, which will make clear just how much they can afford to borrow based on their circumstances. Brokers can enter their customers’ personal, property and income details to retrieve a bespoke calculation and will allow joint applicants to declare their individual share of the purchase.
Steve Griffiths, sales and distribution director at Kensington’s parent firm the Northview Group, said: “Our launch of the new Select range of residential mortgages at rates starting from just 2.39% and the revamp of our buy-to-let calculator that will deliver bespoke ICRs based on a customer’s individual circumstances, is a clear demonstration of our continued commitment to develop tailored solutions.”
