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Kensington Mortgages ups maximum LTV on core range

  • 19/01/2016
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Kensington Mortgages ups maximum LTV on core range
Kensington has increased its maximum lending limit to 85% of the property’s value across its core mortgage range.

The 85% loan-to-value (LTV) deals come with a fee of £1,299 and include a two-year fixed rate starting at 4.49% and a three-year fix at 4.79%.

Kensington has also launched a tier of products at 65% LTV which all come with a completion fee of £999.

Highlights from the range include a two-year fix at 3.34%, a three-year fix at 3.6% and a five-year fixed rate at 4.29%.

The lender is also offering a number of products with free valuations on purchases, free valuations and standard legals on remortgages, and no completion fee. These include a 65% LTV two-year fixed rate at 3.79% and an 85% LTV three-year fix at 5.29%.

Steve Griffiths, head of sales and distribution at Kensington (pictured), said: “Kensington provides more opportunity for customers whose chances of getting a standard mortgage have been hindered by the complexities of life.

“One way of growing this opportunity is by increasing the choice of products we are able to offer, with more product LTVs and payment options to better meet the needs our brokers and their clients.”

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