Kensington Mortgages, part of The Northview Group, has today announced rate reductions right across its residential mortgage range. Rate reductions range from 0.10% to 0.75% and will come into effect on 27 April 2017. Rates now start from as low as 2.69% for loans less than £500,000 and 2.34% for loans greater than this, as part of their Premier Service. The rate changes announced by Kensington also include reductions to New Build mortgages with the 2-year fixed (80% LTV) reduced from 3.59% to 3.04% (a reduction of 0.55%).
Steve Griffiths, Sales and Distribution Director at The Northview Group, comments:
“The breadth and depth of these reductions will allow brokers to choose a deal that offers great value for money for a whole range of customers, from those with complex needs, the self-employed, to those seeking a large loan or wanting to buy a new property.
“Kensington is not only a lender that continues to drive value for money for borrowers with complex needs, but we leverage the experience of our underwriters to personally review each case on its merits and do not credit score. We are confident that these new rates will prove attractive with our intermediary partners and customers alike.”
Press release - 26 April 2017