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TODAY'S OTHER NEWS

Product relaunches and rate cuts at Kensington Mortgages

Kensington Mortgages has announced a variety of rate cuts and relaunches across its residential and buy-to-let ranges.

Available since September 9, the rates have been up cut up to 0.4% across Kensington’s residential offering, with an additional 0.2% cut on the ‘Hero’ range and rates starting at 3.09% for a two-year fix at 75% loan-to-value (LTV).

Across all residential products, 85% LTV is also re-introduced.

Kensington’s select range now starts from 1.99% for a two-year fix at 70% LTV and with the relaunch of 85%, 3.84% for a two-year fix rate.

The maximum loan amount for the select range has increased from £750,000 to £850,000, and from £500,000 to £750,000 on Buy to Let.

With cuts up to 0.3% across buy-to-let, rates now start from 3.59% for a two-year fix at 75% LTV and 3.94% for a five-year fix rate.

The company has also relaunched its ‘eKo £1,000 Cashback Mortgage’.

“We’re committed to helping borrowers at every life stage. This means providing tailored products and our latest relaunches opening up new opportunities for our intermediaries and their clients,” Craig McKinlay, new business director at Kensington Mortgages, said.

“Our rate cuts reinforce our commitment to helping borrowers who are underserved and undervalued by high-street lenders and we’re confident these latest offerings will be welcomed.”

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