Kensington moves into buy-to-let

Published on

Kensington has launched a range of buy-to-let products aimed at existing landlords looking to expand their portfolio.

The new products are available up to 75% LTV, with two-year fixed rates at 5.69% and thre-year fixed rates at 6.19%. The arrangement fee on these deals is 2.50%.

Kensington is targeting experienced landlords who already have at least two buy-to-let properties. It will allow investors to hold up to 10 properties or £2 million with Kensington.

Charles Morley, head of sales and product development at Kensington, said: “The private rental sector is becoming an increasingly important form of housing in this country and buy-to-let investors have played a significant role in improving quality and affordability for tenants. But tenant demand is growing and as the property market recovers

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

Generation X faces retirement squeeze with smaller pensions than parents

Generation X risks becoming the first cohort to retire with less financial security than...

Leasehold reforms stall as sector warns of ‘real-world consequences’

The government is under mounting pressure to accelerate leasehold reform as the body representing...

Zoopla warns cost pressures mean housing targets are at risk

The government’s flagship target to deliver 1.5m new homes over the next five years...

UTB cuts bridging loan minimum and lowers regulated rates

United Trust Bank has unveiled a package of bridging loan changes aimed at making...

More2life urges FCA to act on later life mortgage barriers

More2life has welcomed the Financial Conduct Authority’s recognition of later life lending as a...

Latest publication

Other news

Generation X faces retirement squeeze with smaller pensions than parents

Generation X risks becoming the first cohort to retire with less financial security than...

Leasehold reforms stall as sector warns of ‘real-world consequences’

The government is under mounting pressure to accelerate leasehold reform as the body representing...

Zoopla warns cost pressures mean housing targets are at risk

The government’s flagship target to deliver 1.5m new homes over the next five years...