Kensington Mortgages has lowered mortgage rates across its residential and buy-to-let (BTL) product ranges.
Rates have been reduced by up to 0.55% across Kensington’s residential Select offering.
New rates now start from 5.29% for 65% and 75% loan-to-value (LTV), 6.09% for 90% LTV, and 6.44% for 95% LTV.
For its residential Select special rates, which offer £1,000 cashback, Kensington’s 65% LTV 2-year fixed is now available at 5.39% with a £1,499 fee and free valuation.
Across its 95% LTV special rates, Kensington is offering 7.24% for 2-years fixed, 7.14% for 3-years fixed, and 6.79% for 5-years fixed.
All special 95% LTV rates include no fee and a free valuation.
In addition, rates have been reduced by up to 1.55% for landlord clients across Kensington’s Core and Prime BTL ranges.
Kensington’s Core rates now offer 70% LTV starting from 3.19% while its Prime rates offer 75% LTV starting from 4.39%.
Both are available to individuals and limited companies and include identical pricing and fees.
Andy Bickers, commercial director at Kensington Mortgages, said: “The introduction of reduced rates across our residential and BTL products has further strengthened the competitiveness of Kensington’s proposition.
“Yet what continues to truly differentiate us is the end-to-end support we provide for our broker partners.
“From our sales team that works with brokers to identify the right product for their clients, to the direct access to dedicated underwriters, and an average application to offer turnaround time of only 12 days – it is the combination of excellent service and competitive products that continues to drive Kensington’s success.”
