You are here: Home - News -

Kensington Mortgages relaunches 75 per cent LTV deals

by:
  • 04/05/2020
  • 0
Kensington Mortgages relaunches 75 per cent LTV deals
Kensington Mortgages has resumed lending across its 75 per cent loan to value (LTV) residential and buy to let offerings.

 

The relaunch applies to all products across its Select, Core, right to buy and buy to let ranges and is available from 5 May. 

This follows its announcement in March where it confirmed it was removing residential and buy to let products above 70 per cent LTV.

On Kensington’s Select range, rates start from 4.29 per cent for a two-year fix and 4.49 per cent for a five-year fixed rate. The range will have a maximum loan amount of £750,000 and £500,000 for Core, right to buy and buy to let products.  

Kensington Mortgages has also launched an automated valuation model which will be available for all residential new purchases, remortgages and buy to let remortgages.  

The digital valuation is not available for products that require a physical valuation to progress or buy-to-let purchases.  

Craig McKinlay (pictured), new business director at Kensington Mortgages, said the lender wanted to help brokers and customers as best as it can during this time.

“This is an unprecedented time for everyone – customers, lenders and the industry alike – and we’ve been working hard to reintroduce our 75 per cent LTV range,” he said.

“We have experienced an industry-wide challenge obtaining physical valuations and have been working had to produce our non-physical valuation solution, which we are pleased to now have in place too.  

We are constantly reviewing our market position to keep up to date with official guidance and industry best practice in these exceptional times, he added.

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
NatWest to close digital bank Bó

NatWest is set to close its app-only bank Bó, less than six months after it launched to rival the likes...

Close