Kensington Mortgages enhances criteria and launches new 95% LTV rates

Kensington Mortgages has introduced improvements to its professionals product range and launched new 95% loan-to-value (LTV) special rates.

Kensington removed the maximum age limit of 40 at application from its mortgages for professionals.

The change will allow more eligible borrowers – including chartered accountants, actuaries, barristers, commercial pilots, dentists, doctors, and solicitors – to benefit from the enhanced affordability offered by the product.

Kensington’s professionals offering includes up to 90% LTV, both 2-year and 5-year fixed rate options, and is available to purchase as well as remortgage customers.

Eligible borrowers, such as dentists, doctors, and chartered accountants, can borrow from up to six-times their income, subject to overall affordability.

Kensington is also releasing two 90% LTV special rates for its professional customers.

These include a 2-year fixed rate with a rate of 7.19% and no fee and a 5-year fixed rate with 6.79% and no fee.

Separately, Kensington is now offering new 95% LTV special rates, which include £1,000 cashback, free valuation, and no fees.

These include a 2-year fixed rate with a rate of 7.69%, a 3-year fixed rate with 7.39%, and a 5-year fixed rate with 7.19%.

Vicki Harris, chief commercial officer at Kensington Mortgages, said: “We are thrilled to now be offering our professionals product range to more customers.

“By removing the age limit for applications and introducing new special rates, we hope to enable more borrowers to benefit from the affordability advantages which the range can offer.

“Along with the launch of our new 95% LTV special rates, these latest changes to our offering mark a continuation of our efforts to provide more options for borrowers while maintaining market leading service standards, including exceptional service times.”