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3mc confirms Kensington is to cut rates by up to 0.55% on Specialist Distributor range


Leading mortgage distributor 3mc has confirmed that Kensington is cutting its rates on its specialist distributor range, which is only available via selected packagers, by up to 0.55%.

The specialist ranges include residential mortgages up to 90% LTV (Kensington’s maximum LTV is normally 85% LTV) and specialist buy-to-let deals for houses in multiple occupation and multiple properties registered on a single title. The rates on offer, which include 2, 3 and 5 year fixes, are being cut by up to 0.55%. Brokers can find full details on 3mc’s website

Doug Hall, Director of 3mc, said: “These exclusive packaged products not only give brokers access to very competitively priced higher LTV deals, but also specialist solutions for landlords wanting to finance HMOs and multi-units on one title. I’m sure both will prove to be very popular with both brokers and their clients.”

Steve Griffiths, Director of Sales & Distribution for Northview Group, said: “Packager partners such as 3mc provide an invaluable service to brokers and we’re delighted to be making this range of specialist products available via them. The rate cuts mean our products represent even better value.”

Kensington specialises in lending to customers whose circumstances require special consideration including the self-employed and contractors as well as those whose credit situation or income requires individual assessment by an experienced underwriter.

Brokers can get further information about all the products and service available from 3mc by going to: www.3-mc.com or by phoning 0161 962 7800.

15th February 2017