Kensington launches into buy-to-let

Sarah Davidson

May 17, 2010

The new products are available up to 75% LTV, with 2-year fixed rates at 5.69% and 3-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 £2million with Kensington, which provides real opportunity for landlords who are looking to increase their portfolio.

Charles Morley, head of sales and product development at Kensington, says: “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, many landlords are looking to meet this demand and expand their portfolios.

“Kensington’s buy to let products are designed to help those landlords who have an appetite to increase their investment, with competitive fixed rates available up to 75% LTV.

“We’ll also allow investors to hold up to 10 properties, or £2 million, with Kensington, which provides considerable opportunity for them to expand their investment.”

Sign up to our daily email