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TODAY'S OTHER NEWS

Kensington cuts prices across buy-to-let range

Kensington Mortgages has cut prices across its range of buy-to-let mortgages.

It is reducing rates on products carrying a percentage fee by 25 basis points and cutting the cost of its fixed completion fee from £1,999 to £999.

The specialist lender's buy-to-let mortgages are now available from 3.74% for a two-year fixed rate up to 70% LTV, with a 2% completion fee. 

At this LTV a £999 fee is also available, with fixed rates from 4.24%.

The lender also offers a full range of options at 80% LTV, with a two-year fixed rate available at 4.49% with a 2% completion fee.

At 80% LTV, a £999 fee is also available, with fixed rates from 4.99%.

Steve Griffiths, head of sales and distribution at Kensington, said: “We see opportunity in the buy-to-let market for mortgages up to 80% LTV, particularly as we don’t require a minimum income for existing landlords. 

“These changes are a significant move in making brokers sit up and look at Kensington again for their buy-to-let clients.

“The changes to our buy-to-let product range are all part of Kensington’s growth plans and we look forward to launching a number of further product developments in the near future.”

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