Kensington Mortgages relaunches BTL, Help to Buy and new build applications
Kensington Mortgages has relaunched buy-to-let (BTL) purchase applications across England, now that physical valuations can take place.
There is a maximum loan amount of £500,000 for BTL products.
Kensington Mortgages has also relaunched its Help to Buy offering and reinstated new-build applications.
Rates start from 4.54% for a 2-year fix at 75% LTV.
Last month, Kensington relaunched BTL remortgage cases; the same rates apply for new purchase applications.
Rates start from 4.49% for a 2-year fix at 75% LTV and 4.69% for a 5-year fix.
Craig McKinlay (pictured), new business director at Kensington Mortgages, said: “We’re excited to introduce 80% LTV across some of our most well-known product ranges and relaunch Help to Buy in the hope that we can try to provide options for those wishing to step onto the property ladder.
“Over the last few months we have experienced an industry-wide unprecedented challenge, and lenders have been working hard to reintroduce product ranges to try and help boost the market.
“We hope these new updates provide our brokers and customers with accessible funding options and greater choice and for those that can restart their housing plans again, we are here to help.”