For HMOs and MUBs rates start at 3.39% and for Property Plus at 3.19%
Kensington Mortgages has launched a pair of special rates across its residential and buy-to-let (BTL) whilst also making a number of rate cuts to its BTL range.
On the BTL range rates are cut up to 0.4% and now start at 2.99% for a 2-year fix at 75% loan-to-value (LTV). There is also a special edition rate at 2.59% for a 2-year fix at 75% LTV.
For houses in multiple occupation (HMOs) and multi-unit blocks (MUBs) rates start at 3.39% and for Property Plus at 3.19% – each for a 2-year fix at 75% LTV, respectively.
On the residential front rates start from 3.25% for a 2-year fix at 75% LTV and 5.19% for a 2-year fix at 90% LTV. Kensington recently reinstated its large loan offering, up to £2m, at up to 80% LTV, in addition to offering a special edition rate at 1.99% for a two-year fix at 70% LTV.
Although new applications to the Scottish First Home Fund scheme have now been closed by the government, any pre-existing or ongoing applications will be accepted by Kensington. Rates start from 4.54% for a 2-year fix at 75% LTV.
Craig McKinlay, new business director at Kensington Mortgages, said: We’re committed to helping intermediaries and borrowers with bespoke products for every life stage.
He said: We’re delighted to offer rate reductions across our Buy to Let range and to have these special rates at 1.99% on residential and 2.59% on BTL which will open up new opportunities for intermediaries and reinforce our commitment to helping borrowers who are underserved and undervalued by high-street lenders.
The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.