Latest News

1 August 2008

• Prime Products now available
• Fixed rates from 7.19%
• Day 1 Self-cert - no minimum trading or employment history needed
• No Higher Lending Charges
• Loans up to £250,000 on Self-cert
• Loans up to £350,000 on Verified and Buy-to-Let

Please refer to our Prime rates (PDF) for more information.

1 July 2008

• Prime products now available

1 June 2008

• Prime products now available

13 May 2008

• Prime products now available

2 May 2008

• Due to current market volatility, we’ve taken the decision to defer our May product range release and will announce the revised launch date shortly.

10 April 2008

• Bank of England Base Rate now 5.00%

7 April 2008

Change to business submission

Brokers submitting direct

All applications must now be submitted online by 4.30pm in order for funds to be booked. There are no changes to the process of submitting online.

Please note, paper applications will no longer be accepted.

Packagers

Funds must be booked by sending a Fund Booking Form and a copy of the fully completed Mortgage Commitment PDF to bookings@kmc.co.uk

The Booking Form can be found by clicking here.

1 April 2008

• Prime Buy to Let fixed rates starting from 6.24%
• Prime Self-cert fixed rates starting from 6.39%
• Prime Verified fixed rates starting from 6.44%
• Please note: The re-priced range will no longer include any 95% Verified products

6 February 2008 - These rates are now unavailable

• Bank of England Base Rate now 5.25%
• Prime Verified Tracker rates from 6.19%
• Prime Buy to Let Tracker rates from 6.20%
• Prime Self-cert Tracker rates from 6.39%

7 January 2008 - These rates are now unavailable

• Prime Buy to Let fixed rates starting from 6.24%
• Prime Verified fixed rates starting from 6.24%
• Prime Self-cert fixed rates starting from 6.39%

26 November 2007 - These rates are now unavailable

• New core Prime range is now available
• Prime Buy to Let 3- year fixed rates from 6.33%
• Prime Verified 3-year fixed rates from 6.38%
• Prime Self-cert 3-year fixed rates from 6.50%

6 November 2007 - These rates are now unavailable

• Prime Verified fixed rates from 6.13%

• Prime Self-cert fixed rates from 6.14%

• Prime Buy to Let fixed rates from 6.08%

• Prime Buy to Let Self-cert fixed rates from 6.98%

• 2-Year fixed rates from 5.99%
• 3-Year fixed rates from 5.89%
• 95% LTV rates from 6.49%
• Buy to Let rates from 5.88%

7 September 2007 - These rates are now unavailable

• Near Prime Max allows up to £1,000 CCJs and 1 arrear
• Near Prime allows up to £500 CCJs and defaults ignored
• Near Prime Max allows up to £1,000 CCJs and 1 arrear
• Medium up to 85% LTV
• Heavy up to 80% LTV
• Heavy allows up to 3 missed payments with an adverse lender in last six months, up to 80% LTV on remortgages
• HighOr up to 75% LTV
• HighAnd up to 75% LTV
• BTL portfolio limit £2 million and unlimited number of properties

1 September 2007 - These rates are now unavailable

• Kensington Variable Rate (KVR) now 7.80%
• Near Prime Max allows up to £1,000 CCJs and 1 arrear
• Near Prime allows up to £500 CCJs and defaults ignored
• Near Prime Max allows up to £1,000 CCJs and 1 arrear
• Medium Remortgage up to 85% LTV, Purchase up to 90% LTV
• Heavy allows up to 3 missed payments with an adverse lender in last six months, up to 80% LTV on remortgages
• BTL portfolio limit £2 million and unlimited number of properties

1 August 2007 - These rates are now unavailable

• Near Prime 3 year fixed rates cut – starting from 5.94%
• All other rates held across Adverse
• Free valuation for direct business

5 July 2007 - These rates are now unavailable

• Rates from 6.49%
• Affordability assessed on Self-Certified earned income, not projected rental income
• Day 1 Self-Cert; no minimum trading or employment period
• Maximum LTV of 85%
• Fees free remortgage option with free valuation, free legals, no completion fee and no higher lending charge (£500 cash back in Scotland).
• Maximum individual loan advance of £500,000
• Available to subsequent purchasers and those remortgaging an existing BTL property only
• Only one BTL property allowed

19 June 2007 - These rates are now unavailable

• New rates from 5.94%
• Buy to Let portfolio limit increased to £2 million and unlimited number of properties on Adverse

• New rates from 5.70%

1 June 2007 - These rates are now unavailable

• Fixed rates are held and start from as low as 5.54%, which will be available until close of business on Monday 18th June 2007
• New discounted rates are available from Friday 1st June 2007. Discounted rates begin at 6.34%
• A new range will be launched on Tuesday 19th June 2007

10 May 2007 - These rates are now unavailable

• Day 1 Self-cert and can borrow up to £500k at 90% LTV
• Income multiples of up to 4x single and 3.3 joint, up to 95% LTV
• Buy to Let for up to 10 properties at 90% LTV
• Fees free package for remortgages
• Competitive fixed rates from 5.79%

23 March 2007 - These rates are now unavailable

The following enhancements have been made to our K-net website, with many more to come soon.

Across whole website

• Improved navigation throughout site
• Extra help screens added
• Can now save your work easily within the current page

• Improved navigation - Either create a new case or open an existing one
• Can now conduct full search on existing cases
• Progress table lets you know what documents you have worked on

• Page refresh removed - Will retain your position on page when entering data
• Can enter client details and save product selection to Case Manager for retrieval at a later date

• Layout redesigned to make it easier for you to enter information

• Improved layout and process for producing a Mortgage Commitment

• Now easier to identify and enter missing information within the application

1 March 2007 - These rates are now unavailable

• New Adverse range introduced
• Improved criteria
• Income multiples of up to 4.25x single or 3.5x joint
• Fixed rates from 5.54%
• Free Valuation direct business

9 February 2007 - These rates are now unavailable

• Prime mortgages range launched
• Self-cert from day 1 - borrow up to £500k on self-cert at 90% LTV
• Income multiples of up to 4x single and 3.3 joint, up to 95% LTV
• Buy to Let for up to 10 properties at 90% LTV
• Fees free package for remortgages

2 February 2007 - These rates are now unavailable

• Income multiples increased – up to 4.25+1 single, 3.5 joint
• Credit criteria changes – boosting income capacity

1 December 2006 - These rates are now unavailable

• Many fixed rates held or reduced
• Free valuation - England and Wales
• £200 cashback - Scotland
• New 85% LTV band introduced on Extra Choices up to Medium
• Fixed rates from 5.29%

4 October 2006 - These rates are now unavailable

• Free Valuation - England and Wales (Direct Submission)
• £200 Cashback - Scotland (Direct Submission)
• Fixed rates held
• New 2-year stepped discount mortgage
• Stepped discount rates from 4.89%
• Selected discount rates reduced

14 September 2006 - These rates are now unavailable

• Free Valuation - England and Wales (Direct Submission)
• £200 Cashback - Scotland (Direct Submission)
• Rates held from 1 September 2006

1 September 2006 - These rates are now unavailable

• 2-year discount rates from 5.59%
• 2-year fixed rates from 5.64%
• 3-year fixed rates from 5.54%
• Self cert, Buy to Let and Right to Buy available up to 90% LTV
• No higher lending charge on any product

August 2006 - These rates are now unavailable

Simple Choices

• 3-year discount rates from 5.99%
• 3-year fixed rates from 6.04%
• Self cert, Buy to Let, Right to Buy available up to 90% LTV

• 1-year discount rates from 4.74%
• 2-year discount rates from 5.59%
• 2-year fixed rates from 5.64%
• 3-year fixed rates from 5.54%

July 2006 - These rates are now unavailable

Simple Choices

• 3-year discount rates from 5.64%
• 3-year fixed rates from 6.04%
• Reduced self cert loading on selected products
• Self cert, Buy to Let, Right to Buy available up to 90% LTV

• 1-year discount rates from 4.39%
• 2-year discount rates from 5.24%
• 2-year fixed rates from 5.64%
• 3-year fixed rates from 5.54%
• Reduced self cert loading on selected products
• £250 Cashback on all purchase products
• £250 Cashback or free legals on all remortgage products

June 2006 - These rates are now unavailable

Simple Choices

• NEW! 3 year discounted products from 5.74%
• 3-year fixed rates from 6.19%
• Buy to Let available up to 90% LTV
• Increased maximum LTV on selected Right to Buy options

Extra Choices

• 1-year discounted rates start from 4.05%
• 2-year discounted rates start from 4.90%
• 2-year fixed rates start from 5.69%
• £250 Cashback or free legals on all remortgage products
• £250 Cashback on all purchase products
• Increased maximum LTV on selected Right to Buy options

April 2006 - These rates are now unavailable

Extra Choices

• £250 Cashback on all purchase products
• £250 Cashback or free Legals on all remortgage products

March 2006 - These rates are now unavailable

• Simple Choices products with six adversity categories
• Extra Choices products with six adversity categories
• Rates start from 3.95%
• Buy to Let 90% LTV rates start from 5.94%
• 2-Year fixed rates start from 5.29%
• 3-Year fixed rates start from 5.19%
• RTB & BTL available on all products
• BTL rental calculation 125% of pay rate
• Flexible option available on all products including RTB & BTL
• Remortgages accepted from a sub-prime lender
• Free Valuation until 31/03/2006 (Please see latest product rates for conditions)
• No Higher Lending Charge

January 2006 - These rates are now unavailable

• NP & VL rates cut, starting from 3.95%
• 2-Year Fixed Rates reduced. Now starting from 5.30%
• 3-Year Fixed Rates reduced. Now starting from 5.20%
• 1-Year Discount now 2.00% p.a. on all variable rate products except Near Prime
• Fixed rates with no extended tie in
• Free standard valuation available across the entire product range on properties valued up to £500,000
• All HA and HAA products include a £400 cashback in addition to a free valuation
• £250 for Scotland, maximum of £500 cashback on HA and HAA products
• No Higher Lending Charge

• 2-year fixed rates with no extended tie-ins
• Many rates cut, starting from 3.95%
• Free standard valuation across the range where properties valued up to £500k
• All HA and HAA products will now include a £400 cashback in addition to a free valuation
• £250 cashback for Scotland, maximum of £500 cashback on HA and HAA products.
• Great new flexible products
• Significant reductions on Early Repayment Charges
• 3-year capped rates will be re-launched as 'FIXED PLUS'
• 2-year no extended tie-ins replaces the current 2-year fixed product that has 3 years of ERCs
• Withdrawal of 1-year fixed product
• 2-year fixed rates have dropped by 25 basis points from 1 August 2005
• 3-year fixed rates have dropped by 35 basis points from 1 August 2005

Product Information

• Prime
• Product Information

Product Matrix

• Prime rates (PDF)

Brochures and Forms

• Brochures & Forms