Kensington move &quotpoints to better times ahead&quot

Published on

Investec-owned specialist lender Kensington has launched a new range with lower rates and higher LTVs.

The new products will be available to appointed representatives of Legal and General, Openwork, Pink Home Loans, and Personal Touch Financial Services, which has just been added onto Kensington’s exclusive distribution list.

The new prime products are available up to 80% LTV, with two-year fixed rates from 4.99%. Kensington has also cut the completion fee on all of its products to £999. The two year fixes are priced at 4.99% up to 75% LTV and 5.69% up to 80% LTV. The three year fixes are priced at 5.39% up to 75% LTV and 6.09% up to 80% LTV.

Charles Morley, head of sales and product development at Kensington, said: “We know there are a lot of prime customers out there who want a mortgage but are excluded by the big lenders because they fail an automated decision. So we make a decision based on a customer not a credit score. This means we are well positioned to consider self-employed borrowers

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

2.5 million homeowners could move if stamp duty scrapped

Around 2.5 million homeowners could be freed to move house if Conservative Party plans...

Roma Finance completes £1.5m four-day auction loan

Roma Finance has completed a £1.5 million bridging loan in four days to fund...

INDUSTRY REACTION: Badenoch pledges to scrap stamp duty in bid to revive homeownership

Kemi Badenoch has pledged to abolish stamp duty on home sales, describing it as...

Santander calls for homebuying reforms as young buyers bear the brunt of broken system

Younger buyers and families are suffering most from England and Wales’s outdated homebuying process,...

Borrower confidence returns as mortgage applications surge, says Stonebridge

Mortgage applications rose sharply in September as borrowers took advantage of falling rates, according...

Latest publication

Other news

2.5 million homeowners could move if stamp duty scrapped

Around 2.5 million homeowners could be freed to move house if Conservative Party plans...

Roma Finance completes £1.5m four-day auction loan

Roma Finance has completed a £1.5 million bridging loan in four days to fund...

INDUSTRY REACTION: Badenoch pledges to scrap stamp duty in bid to revive homeownership

Kemi Badenoch has pledged to abolish stamp duty on home sales, describing it as...