Rates for Kensington Mortgages’ core BTL mortgages available up to 80% loan to value (LTV) and prime mortgages of up to 75% LTV have both been lowered by up to 0.2%, including house in multiple occupation (HMO) and multi-unit block (MUB) products.
Following the mortgage rate cuts, the specialist lender now offers a two-year prime rate at 5.73% with no fee at 75% LTV, 5.39% with a £1,499 fee, and 4.34% with a 3% fee.
It also now provides 75% LTV five-year prime rates at 5.49% with no fee and 5.37% with a £1,499 fee.
For Prime eKo products, Kensington Mortgages is now offering up to 75% LTV with reductions of up to 0.2%.
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Furness BS refreshes specialist range
Meanwhile, Furness Building Society has relaunched holiday let, regulated BTL and shared ownership deals with enhanced criteria.
The updated holiday let and regulated BTL ranges have been designed to support borrowers with more specialist requirements, including those investing in short-term rental properties or letting to family members.
Products within these ranges are available from 5.44% for a two-year fixed rate at 75% LTV.
Shared ownership deals start from 5.04% for a two-year fixed rate at 85% loan to share.
Criteria enhancements include a more flexible approach to income assessment, affordability and property types.
Jonathan Cartlidge, head of member and broker strategy, said: “Everything we do at Furness starts with understanding people’s individual circumstances. We know that no two cases are the same, and that’s why we continue to evolve both our product range and our criteria.”
