Kensington Mortgages reduces rates
Kensington Mortgages has changed rates across its residential and buy-to-let products.
The changes include a 2-year fixed rate of 2.99% up to 75% loan-to-value and reductions on its large loan products with rates starting a 2.49%.
Kensington’s buy-to-let large loan range has seen reductions to its one-year fixed rate at 70% LTV by 0.35% and its 2-year fixed product by 0.30% at 70% LTV.
Steve Griffiths, director of sales and distribution at parent The Northview Group, said: “At Kensington, we are always focused on offering borrowers a competitive option in the specialist lending market, via the intermediary channel.
“As part of that mission we are pleased to launch a sub-3% rate on some of our residential mortgages, including our large loan product.
On their one-year fixed rate residential large loan a low rate of 2.99% at 75% LTV is now on offer.
Griffiths added: “Offering great value deals remain at our core at Kensington, and today’s changes form part of a package that provides borrowers, whether they be self-employed or have multiple income streams, with a solution that recognises their real life circumstances.”