Kensington Mortgages cuts buy-to-let rates
Kensington Mortgages has reduced rates across its buy-to-let mortgage range by 0.4% on 2 and 5-year fixes, up to 75% loan-to-value.
Rates now start at 2.54% for a two-year fixed and 3.64% for a five-year fixed, at 70% LTV. Similarly, rates have fallen to 2.69% and 3.79% at 75% LTV for 2 and 5-year fixes respectively.
Craig McKinlay, new business director, Kensington Mortgages, said: “The private rental sector is a vital part of our housing market. We’re always keen to empower landlords across the UK by increasing the options available to them.
“These rate cuts will provide buy-to-let landlords and the brokers who support them with even greater flexibility. Kensington has grown and we are committed to passing these benefits on to our customers – lending with our head and heart.”
Additionally, a 2-year fix at 80% LTV now starts at 3.24% and 4.09% for a 5-year fix – a reduction of 0.25%.
Cuts up to 0.4% have also been applied to Kensington’s houses of multiple occupation and multi-purpose blocks buy-to-let range available across purchase and remortgage.
Kensington has also launched a new combined £250 cashback and free valuation, to sit alongside its current free legals and free valuation.
This new offer is available on the residential and buy-to-let including limited company remortgages. This follows the Northview Group breaking through a landmark £8bn of public securitisation since the group was formed in 2015.
Kensington has also expanded beyond traditional brick and tile properties, with applicable properties on its property plus range available up to 75% LTV, with rates from 3.19% available on 2,3 and 5-year fixes.