Specialist lender Kensington has today announced it is reducing rates across its residential and buy-to-let mortgage range by up to 0.6 percentage points.
Rates in the residential product range were cut by up to 0.30 percentage points and now start from 3.09 per cent for borrowers with 65 per cent loan-to-values (LTVs) and 3.19 per cent for 75 per cent LTV. At 80 per cent LTV, rates start at 3.69 per cent. There is a range of fee options available on the various mortgage products.
Following a reduction of up to 0.6 percentage points, buy-to-let rates now start from 3.54 per cent for LTVs of 70 per cent and 3.74 per cent for LTVs of 75 per cent.
“Our focus is on providing competitively priced mortgages and unrivalled service on applications that require individual underwriting.
“Feedback from brokers shows there is growing demand for competitive rates and increased choice for landlords as well as for self-employed applicants and people who work on contracts or who have incomes which are too complex for the High Street to handle,” Steve Griffiths, head of sales and distribution at Kensington, said.
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