Thursday, October 21, 2021
Finance

Kensington launches special residential, BTL rates

Kensington Mortgages

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.

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