Mortgage distributor 3mc has confirmed that Kensington is cutting its rates on its specialist distributor range, which is only available via selected packagers, by up to 0.55 percentage points.
The specialist ranges include residential mortgages up to 90% LTV (Kensington’s maximum LTV is normally 85% LTV) and specialist buy-to-let deals for houses in multiple occupation and multiple properties registered on a single title.
The rates on offer, include two, three and five-year fixes, are being cut by up to 0.55 percentage points.
Doug Hall, director of 3mc, said: “These exclusive packaged products not only give brokers access to very competitively priced higher LTV deals, but also specialist solutions for landlords wanting to finance HMOs and multi-units on one title. I’m sure both will prove to be very popular with both brokers and their clients.”
Steve Griffiths, director of sales and distribution for Northview Group, added: “Packager partners such as 3mc provide an invaluable service to brokers and we’re delighted to be making this range of specialist products available via them. The rate cuts mean our products represent even better value.”
