Kensington Mortgages has released its lowest residential mortgage rate at 1.94 per cent.
This is available on Kensington’s Select range on a two-year fix at 70 per cent loan to value (LTV). It has a completion fee of £999 and is currently available on all sourcing systems as well as its own broker portal.
It is currently the only 70 per cent LTV mortgage the lender offers. Rates for deals at 75 per cent LTV and above start from 4.29 per cent. At the moment, Kensington is only lending up to 80 per cent LTV.
Kensington said it planned to announce further product updates and rate cuts in the future.
Craig McKinlay, new business director at Kensington Mortgages, said: “We’re always striving to offer the most competitive and affordable deals to help all borrowers at every stage of life.
“Our newest rate is one of the lowest available on the market from a specialist lender and we feel this shows our continued commitment to helping those who are underserved.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
