Have a case to discuss?

0800 111 020 Mon-Fri 9am - 5pm intermediary.enquiries@kmc.co.uk

Want to apply for a mortgage?

You can apply for a Kensington mortgage using our online portal. Login or register to set up an account.

Did you know your browser is out of date? It is strongly recommended that you use an alternative browser.

Do it Later x

New Build Buy to Let mortgages

New rental opportunities in New Builds

Since the very first day we started lending to landlords all those years ago we realised successful Buy to Let lending often hinges on simply removing as many obstacles as possible; the same applies to New Build Buy to Let lending.

Which is why we’re here to provide New Build lending for a new generation of landlords whose circumstances doesn't fit the standard mould. With more flexible offer periods, dedicated named underwriters and more accepting application terms for complex cases we’ve created New Build lending for real life landlords.

Product features: 

  • New increased LTVs
  • Max LTV: 85% New Build Houses and Flats
  • 6 month offer period and extension process available**
  • Dedicated New Build team and named underwriters
  • Up to 5% Builders Deposit accepted
  • Maximum Loan £1.5 million
  • Failed Credit Scores accepted
  • Free valuations 
  • No minimum income requirements for existing landlords

Perfect for:

  • Experienced landlords looking to grow their portfolio into New Build properties
  • Professional landlords who earn all of their income from rental properties
  • Landlords who have failed a credit score check

Product guide

New Build Rates

70% LTV

Rate Type / Term Rate Feature  Completion Fee
(can be added)
Maximum Loan Reversion
2 Year Fixed
4.04% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information 2.0% £1.5 million LIBOR plus 4.30%*
3 Year Fixed
4.29% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information 2.0% £1.5 million LIBOR plus 4.30%*
2 Year Fixed
4.54% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information £999 £250,000 LIBOR plus 4.30%*
3 Year Fixed
4.79% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information £999 £250,000 LIBOR plus 4.30%*

*Kensington review the LIBOR rate quarterly. The Current LIBOR rate is 0.55% with effect from 13 February 2018 – LIBOR Floor 1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Offers valid for 6 months from date of valuation or date of Applicants signed declaration. 6 month extension available subject to criteria (income verification, credit bureau search;
switch to existing product range and customer letter confirming no change in circumstances).

Early Repayment Charges apply:
3 Year Fixed - 3.00% in Year 1, 2.00% in Year 2, 1.00% in Year 3
2 Year Fixed - 3.00% in Year 1, 2.00% in Year 2

 

75% LTV

Rate Type / Term Rate Feature  Completion Fee
(can be added)
Maximum Loan Reversion
2 Year Fixed
4.24% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information 2.0% £1 million LIBOR plus 4.30%*
3 Year Fixed
4.49% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information 2.0% £1 million LIBOR plus 4.30%*
2 Year Fixed
4.74% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information £999 £250,000 LIBOR plus 4.30%*
3 Year Fixed
4.99% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information £999 £250,000 LIBOR plus 4.30%*

*Kensington review the LIBOR rate quarterly. The Current LIBOR rate is 0.55% with effect from 13 February 2018 – LIBOR Floor 1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Offers valid for 6 months from date of valuation or date of Applicants signed declaration. 6 month extension available subject to criteria (income verification, credit bureau search;
switch to existing product range and customer letter confirming no change in circumstances).

Early Repayment Charges apply:
3 Year Fixed - 3.00% in Year 1, 2.00% in Year 2, 1.00% in Year 3
2 Year Fixed - 3.00% in Year 1, 2.00% in Year 2

 

80% LTV

Rate Type / Term Rate Feature  Completion Fee
(can be added)
Maximum Loan Reversion
2 Year Fixed
4.79% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information 2.0% £500,000 LIBOR plus 4.30%*
3 Year Fixed
5.04% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information 2.0% £500,000 LIBOR plus 4.30%*
2 Year Fixed
​5.29% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information £999 £250,000 LIBOR plus 4.30%*
3 Year Fixed
​5.54% Standard valuation fee paid by Kensington - see Lending Policy Search Tool for more information £999 £250,000 LIBOR plus 4.30%*

*Kensington review the LIBOR rate quarterly. The Current LIBOR rate is 0.55% with effect from 13 February 2018 – LIBOR Floor 1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Offers valid for 6 months from date of valuation or date of Applicants signed declaration. 6 month extension available subject to criteria (income verification, credit bureau search;
switch to existing product range and customer letter confirming no change in circumstances).

Early Repayment Charges apply:
3 Year Fixed - 3.00% in Year 1, 2.00% in Year 2, 1.00% in Year 3
2 Year Fixed - 3.00% in Year 1, 2.00% in Year 2