Kensington Mortgages has made a series of rate cuts and relaunches across its residential and buy-to-let ranges.
Rates have been cut up to 0.4 percentage points across Kensington’s residential offering, with an additional 0.2 percentage points cut on the Hero range and rates start at 3.09% for a two-year fix at 75% LTV.
Across all residential products, 85% LTV is also re-introduced. Kensington’s Select Range now starts from 1.99% for a two-year fix at 70% LTV and with the re-launch of 85% LTV, 3.84% for a two-year fix rate.
The Select range maximum loan amount will also increase from £750,000 to £850,000 – and from £500,000 to £750,000 on buy-to-let.
With cuts up to 0.3% across buy-to-let, rates now start from 3.59% for a two-year fix at 75% LTV and 3.94% for a five-year fix rate.
Kensington Mortgages has also relaunched its eKo £1,000 cashback mortgage.
Craig McKinlay, new business director at Kensington Mortgages, said: “We’re committed to helping borrowers at every life stage. This means providing tailored products and our latest re-launches open up new opportunities for our intermediaries and their clients.
“Our rate cuts reinforce our commitment to helping borrowers who are underserved and undervalued by high-street lenders and we’re confident these latest offerings will be welcomed.”
