Kensington Mortgages has launched remortgage and large loan products for its select range.
These include a 2-year fixed rate product at 3.49% and a 5-year fixed at 4.04%, both at 85% LTV for remortgaging customers. The products come with a completion fee of £1,299 and free valuations.
For a limited time, a residential large loan special has also been introduced. The product will be available at 85% LTV on a 2-year and 5-year fix, with rates of 3.19% and 3.89% respectively.
Craig McKinlay, new business director, Kensington Mortgages, said: “Following on from the recent announcement of our renewed warehouse credit line, these new updates are a great way to showcase that we are using our increased lending capacity to support brokers and deliver on the housing ambitions of their customers.
“We’re committed to lending with our head and heart, and that means offering a wide selection of products, at competitive rates and a range of LTVs, to ensure that all borrowers can find a mortgage which is right for them.”
This follows the news that Kensington Mortgages renewed its £900m warehouse facility, with funding from BNP Paribas and Citibank.