This includes its residential Select and Core ranges, as well as its Heroes, Professional, eKo, and Own New Rate Reducer products. Here, two- and five-year fixed rates at 75% loan to value (LTV) now begin at 4.86% with a £1,499 fee and 5.01% with a £1,499 fee respectively.
Kensington Mortgages has also launched Special rates across its residential Select two-year fixes, with remortgage and purchase options at 75% LTV priced at 4.86%, 5.19% at 80% LTV and 5.59% at 90% LTV.
For purchase-only, there is a 95% LTV deal with a rate of 5.96%. All products have a £1,999 fee and free valuation, while remortgage clients will receive £250 cashback or free standard legals.
Elsewhere, reductions of up to 0.1% have been made to its five-year fixed BTL options at 75% LTV across its Prime and Core products, while corresponding options for houses in multiple occupation (HMOs) and multi-unit blocks (MUBs) have been cut by 0.2%.
Further, Kensington Mortgages has lowered the rate of its five-year BTL Prime mortgages at 75% LTV with a £4,000 fee to 4.83%, and with no fee, this is priced at 5.09% or 4.49% with a 3% fee. Additionally, the lender now offers five-year 75% LTV BTL Prime HMO and MUB mortgages with a £4,000 fee at 5.19% and with no fee at 5.54%, while with a 3% fee, they are 4.89%.
Renters’ Rights Act: what landlords may be getting wrong
Sponsored by BM Solutions
All BTL products also include a free valuation.
Andy Bickers, commercial director at Kensington Mortgages, said: “These latest reductions reinforce our commitment to offering brokers and their clients some of the most competitive and thoughtfully structured products across residential and buy to let in the market. Yet, while pricing is important, it is the strength of Kensington’s end-to-end process that truly differentiates us.
“Our sales teams work closely with brokers to ensure their clients are matched with the right product from the outset, and our model of direct access to a dedicated underwriter provides clarity, speed, and confidence throughout the journey. This integrated approach remains central to the service our broker partners can expect from us today.”
Earlier this month, the firm released two-year fixed rates in its BTL Prime range.
