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Written by rosalind renshaw

Kensington has revamped its mortgage products, introducing a new first-time buyer range, five-year fixed rates, lower rates and higher LTVs.

The first-time buyer loans include a lower fee of £699 and maximum LTV of 85%. Rates for first-time buyers are available from 4.79% for a two-year fixed rate up to 75% LTV, with a two-year fixed rate at 85% LTV costing 5.69%.

Kensington has increased the maximum LTV on its prime range to 85% LTV, with rates available from 5.49% for subsequent purchasers and 5.64% for remortgages.

In addition, the lender has reduced rates across its lower LTV brackets.

Kensington has also introduced a number of five-year fixed rate products, available on purchase and remortgage business from 5.49% up to 60% LTV, 5.74% up to 75% LTV and 6.44% up to 80% LTV.

On its buy-to-let range, Kensington has introduced a new set of products available up to 70% LTV, with rates starting from 4.79% for a two-year fixed rate.

Kensington says its aim is to become the intermediary lender of choice.

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