Kensington Mortgages has reduced rates across its buy-to-let range, introducing new fee options and strengthening its offering for landlords and brokers.
2-year and 5-year fixed rates have been cut by up to 0.15% and 0.09% respectively, while HMO and MUB 2-year fixes have been reduced by up to 0.40%. The changes apply across both the Prime and Core product ranges.
In the updated Prime range, Kensington now offers 2-year fixed rates at 75% LTV starting at 3.13% with a 5% fee, 3.80% with a 3% fee, and 5.34% with no fee. 5-year fixed rates at 75% LTV are priced at 4.40% with a 3% fee and 5.05% with no fee.
The lender has also added £1,499 fee options to its Prime range, including a 2-year fixed at 4.85% and a 5-year fixed at 4.90%, both at 75% LTV.
All Kensington buy-to-let products include a free valuation, removing some of the upfront costs for clients.
Affordability for the Core range continues to be assessed on a bespoke basis by product, taking account of current and expected future rates, with surplus personal income considered for High Rental Top-Up Potential clients.
For Prime products, Kensington applies the higher of initial pay rate plus 2% or 5.5% for 2-year fixes, and the higher of the initial pay rate or 5% for 5-year fixes.
Andy Bickers, commercial director at Kensington Mortgages, said: “Our latest reductions further strengthen the competitiveness of our BTL range, giving brokers and their clients access to some of the most attractively priced options in the market – including new fee structures that provide real flexibility.
“But just as important as rate is the certainty and support that underpin the Kensington experience, including our one-day turnaround on reviewing new applications and being able to talk to our sales support within a minute.
“The combination of our specialist sales teams and the direct access that brokers have to dedicated underwriters ensures that cases move with efficiency and transparency.
“It’s this consistently high standard of service, alongside our enhanced pricing, that continues to make Kensington a trusted partner for brokers navigating their clients’ BTL needs.”
