The lender has reduced rates by up to 33bps
Specialist lender Kensington Mortgages has announced rate reductions across its residential and buy-to-let products.
The lender has cut rates by up to 33 basis points on its residential Select and Core products, extending up to 92.5% loan-to-value (LTV). This includes new rates of 82.5%, 87.5%, and 92.5% LTV recently introduced in its Mid LTV range.
For its Select products, the lowest rates now start at 5.29% for a five-year fixed rate and 5.79% for a two-year fixed rate, both at 75% LTV with a £999 fee.
The Core products feature a five-year fixed rate from 5.44% and a two-year fixed rate beginning at 5.84%, each with a 70% LTV and a £999 fee.
Kensington has also reduced rates by 20 basis points across its BTL products, which cover limited company, house in multiple occupation, and multi-unit block options. Additional reductions of up to 40 basis points have been applied to the lender’s Special BTL products.
The most competitive BTL rates now include a 70% LTV two-year Special fixed rate starting at 4.15% and a 75% LTV five-year Special fixed rate beginning at 4.69%, both including a 5% fee and free valuation.
“Across our entire product range, Kensington continues to offer some of the most competitive rates available on the specialist mortgage market, underpinned by market leading customer service,” said Vicki Harris (pictured), chief commercial officer at Kensington Mortgages. “With these latest rate reductions, we aim to continue to help as many people as possible access the mortgages that they need.”
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