Loadings will be reduced across many products from very low adverse, to unlimited adverse and Right to Buy. Purchase and remortgage loadings will be reduced by up to 0.50% and self cert loadings will be cut by up to 0.25%
In addition, remortgage loadings will be removed from Kensington’s Very Low 80% LTV product (VL3) and their Low Adverse 80% LTV product (LA3).
Some products could be cut by up to 0.75%, for example:
- Very Low Adverse 80% LTV Remortgage
Remortgage loading removed
Loading savings on this product 0.50%
- Unlimited adverse 75% LTV Self Cert Remortgage
Remortgage loading reduced by 0.50% to 2.5%
Self Cert loading reduced from 0.50% to 0.25%
Loading savings on this product 0.75%
- Right to buy self cert purchase 65% LTV
Purchase loading reduced by 0.50% to 1.50%
Self Cert loading reduced from 0.50% to 0.25%
Loading savings on this product 0.75%
Kensington are also extending their 2% discount across all products.
Alastair Pate, Director of Marketing & Strategy says; ‘We have listened to feedback from brokers and have reduced the loadings across our range. In a time when interest rates are a concern and mortgage rates are rising, we wanted to support our intermediaries by reducing our prices, enabling them to provide the best solution for their clients.’
Brokers wanting more information about Kensington Mortgages
should call 0800 111 020 or visit www.kmc.co.uk
