The rates start from 5.75% p.a. and are valid until 30 November 2006. There are no early repayment charges after the first three years of the loan.
Alastair Pate, Director of Marketing and Strategy at Kensington commented: “Three year rates are more typical of the mainstream mortgage market and until now were unheard of for non-conforming borrowers. The new three year rates are a great solution to borrowers looking to repair their credit history as they offer complete certainty over mortgage repayments with no tie-ins after the fixed period.”
In addition Kensington has extended end dates for its 1-year fixed and discounted interest rates, which start from 3.90% p.a., to 30 November 2004.
