All new Kensington mortgages move to a reversionary rate following the fixed rate period. This reversionary rate is charged at a margin above 3 Month London Interbank Offered Rate (LIBOR).
We review LIBOR quarterly to reset the reversionary rate. Currently LIBOR is 0.60%, with effect from 13 May 2016. Where LIBOR is less than 1.00%, we apply a rate of 1.00%.
LIBOR is set by the Intercontinental Exchange (ICE). You can find out information about current and historic LIBOR using the link below. Please select the currency as GBP, and the date of your choice to display the relevant rates : https://www.theice.com/marketdata/reports/170