Kensington Mortgages cuts rates by up to 0.40%

Jessica Nangle

November 2, 2017

Kensington Mortgages has made rate reductions of up to 0.40% across its residential range and 0.20% on selected buy-to-let products.

The rate reductions are available from today and end on the 12 January 2018.

Kensington’s Select range starts from 2.49% to 75% LTV and 2.99% at 85% LTV, following a 0.20% reduction to the 2-year fixed rates.

The residential 5-year fixed rate at 85% LTV has been cut by 0.40% to 3.79% and its 2-year fixed products have been cut by 0.30% to 2.64% at 75% LTV and 2.74% at 80% LTV.

Kensington has also introduced changes on its residential large loans proposition with rates now starting from 2.39% with zero completion fee on the 1-year fixed option, with cuts of at least 0.30% across its new build range and 0.40% on its residential new build 5-year fixed product.

Steve Griffiths, director of sales & distribution at The Northview Group, said: “Despite the question of a rate rise by the Bank of England, these reductions show Kensington’s commitment to providing customers with highly competitive rates for real life lending solutions.”

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