Kensington cuts 70% of resi rates

Ryan Bembridge

April 26, 2017

Kensington Mortgages has reduced residential mortgages between 0.10% and 0.75%.

For loans under £500,000 rates start from 2.69% for a 75% loan-to-value 2-year fix with a £999 arrangement fee and above £500,000 2.34% for a 1-year fix to 65% LTV with no fee.

Kensington has also reduced rates on its new build mortgages – as it now offers an 80% LTV 2-year fix at 3.04% with a £999 fee.

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Steve Griffiths (pictured), sales and distribution director at The Northview Group, said: “The breadth and depth of these reductions will allow brokers to choose a deal that offers great value for money for a whole range of customers, from those with complex needs, the self-employed, to those seeking a large loan or wanting to buy a new property.

“Kensington is not only a lender that continues to drive value for money for borrowers with complex needs, but we leverage the experience of our underwriters to personally review each case on its merits and do not credit score.

“We are confident that these new rates will prove attractive with our intermediary partners and customers alike.”

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