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Kensington Mortgages relaunches 75% LTV across residential and BTL range

Jessica Bird

May 4, 2020

75% LTV

Kensington Mortgages has resumed lending across its 75% loan-to-value ratio (LTV) residential and buy-to-let (BTL) offerings.

In March, the specialist mortgage lender withdrew a number of products and reduced its maximum LTV on all products to 70% in the face of the COVID-19 crisis.

This relaunch applies to all products across its Select, Core, Right-to-buy and Buy-to-let ranges, and will be available from 5 May 2020.

On Kensington’s Select range, rates start from 4.29% for a 2-year fix and 4.49% for a 5-year fix rate.

The Select range will have a maximum loan amount of £750,000, and the Core, Right-to-buy and Buy-to-let ranges will have a maximum of £500,000.

Kensington Mortgages has also launched a non-physical valuation solution.

The new software programme will apply to all residential new purchase and remortgage cases, as well as BTL remortgages.

The solution is not applicable for products that require a physical valuation to progress, or BTL purchase mortgages.

Craig McKinlay, new business director at Kensington Mortgages, said: “This is an unprecedented time for everyone – customers, lenders and the industry alike – and we’ve been working hard to reintroduce our 75% LTV range.

“We want to help our brokers and customers as best as we can during this time and still provide accessible funding options.

“We have experienced an industry-wide challenge obtaining physical valuations and have been working had to produce our non-physical valuation solution, which we are pleased to now have in place too.

“We are constantly reviewing our market position to keep up to date with official guidance and industry best practice in these exceptional times.”


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