Kensington Mortgages has cut rates across its buy-to-let products with 2- and 5-year deals lowered by up to 0.15% and 0.09% respectively.
Andy Bickers (main picture, inset), commercial director at Kensington Mortgages, said: “Our latest reductions further strengthen the competitiveness of our buy-to-let 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.”
ENHANCED PRICING
He added: “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.”
PRODUCT CHANGES
HMO and MUB 2-year fixed term products will be reduced by up to 0.40%. The reductions include both Kensington’s Prime and Core ranges.
Kensington now offers 2-year fixed 75% LTV BTL Prime rates with a 5% fee at 3.13%, with a 3% fee at 3.80%, and with no fee at 5.34%. Its 5-year fixed 75% LTV BTL Prime rates with a 3% fee is now 4.40% and with no fee at 5.05%.
Kensington has also added new £1,499 fee options to its BTL Prime range, including a 2-year fixed rate at 4.85% and a 5-year fixed rate at 4.90%, both at 75% LTV.
FREE VALUATION
A free valuation is included for all Kensington BTL products, presenting an opportunity for clients to potentially save hundreds of pounds on upfront payments.
BTL affordability for Kensington’s Core range is determined on a bespoke basis by product, accounting for current and expected future rates.
Surplus personal top-up income can be included in calculations for High Rental Top-Up Potential (HRTP) clients.
For its Prime range Kensington applies a higher of initial pay rate plus 2%, or 5.5% for 2-year fixed terms, and for 5-year fixed terms, a higher of initial pay rate, or 5% is applied.
