Kensington Mortgages has revealed that all its residential and buy-to-let (BTL) mortgages, including limited company products, will include a minimum £250 cashback until the end of January 2024.
The new offering comprises both fixed and tracker mortgages – with the exception of Kensington’s Flexi Fixed for Term range – as well as all loan-to-values (LTVs), purchase, and remortgage products.
Cashback will be paid on completion except for Kensington’s eKo £1,000 Cashback Mortgage, which is paid on qualification in line with standard product terms.
In addition, Kensington is lowering selected residential rates by up to 0.75%.
Select rates have been reduced by up to 0.31% across Kensington’s 65% to 85% LTV products.
Core rates have been lowered by up to 0.70% across 70% to 85% LTV products, while rates across Kensington’s large loan, Young Professionals, Hero, eKo, and Right to Buy mortgages have been reduced by up to 0.75%.
Kensington’s lowest residential rates include its 65% LTV 5-year fixed rate at 5.59% and their 65% LTV 2-year fix at 5.89%.
Both offerings include a £999 fee and £500 cashback.
Others to note are Kensington’s large loan products, including its 75% LTV 5-year fixed rate at 5.59% and 75% LTV 2-year fixed rate at 5.89%.
They now include a fee of £1,999, a free valuation, and £250 cashback.
Vicki Harris, chief commercial officer at Kensington Mortgages, said: “Our decision to offer cashback across all residential and BTL mortgages and reduced rates for our residential products reaffirms Kensington’s commitment to providing greater flexibility for our clients.
“These developments to our offering aim to help more people to realise their aspiration of owning a home and support those looking to remortgage.
“Over the next twelve months, we look forward to continuing to innovate across our product range and delivering quality service for our clients.”
