Kensington cuts rates and reintroduces product
Kensington Mortgages has cut rates to products within its residential, hero and buy-to-let (BTL) ranges, as well as reintroduced its eKo £1,000 Cashback Mortgage.
Rates will be cut by up to 0.4% across the lender’s residential range, by up to 0.3% on its BTL range and by up to 0.2% on its hero range.
The hero range will now see deals start from 3.09% for 2-year fixes at up to 75% loan-to-value (LTV).
Meanwhile, the BTL range will see rates start from 3.59% for a 2-year fix at 75% LTV and 3.94% for a 5-year fix. The maximum loan value has also increased, from £500,000 to £750,000.
Looking to residential products, the Select Range now starts from 1.99% for a 2-year fix at 70% LTV and the maximum loan amount will also increase from £750,000 to £850,000.
In addition, the Kensington mortgage will now offer up to 85% LTV for a residential 2-year fix at 3.84%.
Craig McKinlay, new business director at Kensington Mortgages, said: “We are committed to helping borrowers at every life stage. This means providing tailored products and our latest re-launches open up new opportunities for our intermediaries and their clients.
“Our rate cuts reinforce our commitment to helping borrowers who are underserved and undervalued by high-street lenders and we’re confident these latest offerings will be welcomed.”