"As a trusted partner to our customers and brokers, we continue to set industry standards by prioritising flexibility, affordability, and customer satisfaction."
- Vicki Harris, Chief Commercial Officer at Kensington Mortgages
The lender has introduced a new Residential LTV special rate, starting at 6.19% for a two-year fixed term at 65% LTV. This offering extends further with a 5.89% rate for a five-year fixed term at the same LTV - both have a £999 fee.
Additionally, customers using this offer will benefit from a complimentary valuation and an additional £500 cashback, while customers remortgaging will benefit from a free complimentary valuation and either £500 cashback or free legals.
These updated rates arrive less than a month after Kensington enhanced its large loan offering to help provide customers with more flexible borrowing opportunities.
READ MORE: Kensington enhances large loan offering
Alongside this Residential LTV special rate, Kensington has updated its fixed-rate specials for Buy to Let investors. The lender now offers a two-year fixed term with a 70% LTV at 4.19% and a two-year fixed term at 75% LTV at 4.64% - all with a 5% fee. All fixed-rate specials include a complimentary valuation.
Kensington has also added a new two-year variable special rate tracker mortgage to its Buy to Let range, at 75% LTV and a 5.60% rate. This new offering includes a 3% fee in addition to a free valuation.
Across its Buy to Let tracker mortgages, customers will now have access to reduced rates and free valuations for all 75% and 80% LTV products, while Residential tracker mortgages up to 75% and 80% LTV will include a free valuation only.
Commenting on these updates, Vicki Harris, Chief Commercial Officer at Kensington Mortgages, has said:
“These updates represent our unwavering dedication to providing mortgage solutions that offer more options to customers. By collaborating closely with brokers, Kensington empowers borrowers to choose the most suitable loan, providing the flexibility needed to navigate individual financial circumstances.
“Our service, with an average processing time of just 11 days from application to offer, means that those looking to secure a deal before Christmas should be able to do so. As a trusted partner to our customers and brokers, we continue to set industry standards by prioritising flexibility, affordability, and customer satisfaction.”
