3mc adds Kensington Mortgages exclusives

The duo of two-year fixes includes a specialist buy-to-let (BTL) deal and one for residential buyers with a 10 per cent deposit.

The BTL exclusive is for houses of multiple occupation (HMOs) and multi-unit blocks (MUBs) at 2.94 per cent available at up to 75 per cent loan to value (LTV).

It comes with £750 cashback, has a maximum loan value of £750,000 to both limited companies and individuals on HMOs and multi-units of up to six bedrooms or units.

Meanwhile, the residential 90 per cent LTV exclusive is fixed at 4.84 per cent for two years with free standard valuation and £500 cashback.

It is available for purchase and remortgages up to £500,000, communication defaults are not taken into account and up to two missed unsecured arrears can be considered in the last 12 months, as long as they are now up to date.

Demand for better yield

Doug Hall, director of 3mc, (pictured) said: “We are continuing to see demand from brokers whose clients want high LTV mortgages or to invest in assets that can deliver a better yield than a standard buy-to-let – and these two exclusives from Kensington Mortgages cater for both.”

Craig McKinlay, new business director at Kensington Mortgages, added: “We like to take a different lending approach. We understand and analyse people’s financial situations but then layer a common-sense approach to our lending decisions.

“Our use of data and insight, coupled with manual underwriting, has helped us identify areas where we can offer new offerings like these.”

Earlier this month 3mc added bridging lender Roma Finance to its panel with a set of exclusive rate cuts.