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Release: Kensington cuts prices across Buy-to-Let range

12-May-2016

Kensington Mortgages has cut the price of its Buy to Let mortgages, reducing rates on products carrying a percentage fee by 25 basis points and cutting the cost of its fixed completion fee from £1999 to £999.

Kensington’s Buy to Let mortgages are now available from 3.74% for a 2-year fixed rate up to 70% LTV, with a 2.00% completion fee.  At this LTV a £999 fee is also available, with fixed rates from 4.24%.

The lender also offers a full range of options at 80% LTV, with a 2-year fixed rate available at 4.49% with a 2.00% completion fee. At 80% LTV, a £999 fee is also available, with fixed rates from 4.99%.

Full details about Kensington’s Buy to Let mortgages are available at:
http://kmc.co.uk/intermediaries/products/buy-to-let-lending

Steve Griffiths, Head of Sales and Distribution at Kensington, said:

“We see opportunity in the Buy to Let market for mortgages up to 80% LTV, particularly as we don’t require a minimum income for existing landlords.  These changes are a significant move in making brokers sit up and look at Kensington again for their Buy-to-Let clients.

“The changes to our Buy to Let product range are all part of Kensington’s growth plans and we look forward to launching a number of further product developments in the near future.”