Offer applies to all products while residential and BTL rates reduced

Kensington Mortgages, a subsidiary of Barclays Bank, has extended its free valuation pledge on buy-to-let mortgages to now include all residential mortgage products.

The company has also lowered rates across its residential and BTL mortgage range. It includes reductions of up to 0.15% for its Residential Select products, including its Heroes, Professional, and Own New Rate Reducer mortgages. Rates for its 75% LTV two- and five-year fixed deals for Kensington’s Residential Select mortgages now start from 5.59%.

The company has also introduced new £1,999 fee products across its Residential Select five-year fixed range, replacing its existing £1,499 fee options.

BTL changes

On its BTL Core range, including HMO and MUB mortgages, rates have been cut by up to 0.35%. Kensington offers up to 80% LTV, with two-year fixed rates starting from 3.69% and five-year fixed rates from 5.12%.

For its BTL Prime range – which also includes HMO and MUB – Kensington has lowered rates by up to 0.35%, offering up to 75% LTV, with two- and five-year fixed rates from 3.59% and 4.79% respectively.

Meanwhile, rates for Kensington’s Prime eKo range have been reduced by up to 0.25%, with Kensington now offering up to 75% LTV on two-year fixed rates from 4.39% and five-year fixed rates from 4.97%.

Andy Bickers, commercial director at Kensington Mortgages, said: “Extending free valuations across our entire Residential range is another way Kensington is working to make life easier for brokers and their clients at a time when many households continue to feel the impact of rising living costs.”