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Right to Buy

Kensington Mortgages' new Right to Buy mortgage range aims to help Britain’s underserved borrowers. 

The new offering will be available to both employed and self-employed borrowers for up to 100% of the discounted purchase price.  Rates start from as low as 3.94% for mortgages covering up to 90% of the discounted purchase price and from 4.44% for up to 100% of the discounted purchase price.   

The Right to Buy product has a choice of two, three and five-year fixed rate options at up to 75% LTV of the open market value.

The lender is additionally offering access to free valuation and no completion fee options.  Kensington will consider applications from those looking to re-mortgage their property, subject to previous 12 months ownership. 

For those customers purchasing their property from a council or a housing association, more information can be obtained via the following links:

Buying your council home
Housing association

Select Rates

75% LTV

Rate Type / Term Rate  Feature Completion Fee Reversion
2 Year Fixed 2.49%  None £999 LIBOR plus 4.00%*
3 Year Fixed 2.79%  None £999 LIBOR plus 4.00%*
5 Year Fixed 3.24%  None £999 LIBOR plus 4.00%*
2 Year Fixed 3.14%  - Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.**  £0 LIBOR plus 4.00%*
3 Year Fixed
3.19%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.**
£0 LIBOR plus 4.00%*
5 Year Fixed 3.44%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.00%*



90% LTV available via Limited Distribution only.

Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.55% with effect from 13 November 2017 – LIBOR Floor  1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Standard legals only available on loans up to £500,000. For full details please see our Criteria Guide.

Early Repayment Charges apply:
5 Year Fixed - 4.00% in Year 1, 3.00% in Year 2, 1.50% in Year 3, 1.00% in Year 4, 1.00% in Year 5
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 Reversion
2 Year Fixed 2.59%  None £999 LIBOR plus 4.00%*
3 Year Fixed 2.89%  None £999 LIBOR plus 4.00%*
5 Year Fixed 3.34%  None £999 LIBOR plus 4.00%*
2 Year Fixed 3.24%  - Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.**  £0 LIBOR plus 4.00%*
3 Year Fixed
3.29%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.**
£0 LIBOR plus 4.00%*
5 Year Fixed 3.54%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.00%*




90% LTV available via Limited Distribution only.

Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.55% with effect from 13 November 2017 – LIBOR Floor  1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Standard legals only available on loans up to £500,000. For full details please see our Criteria Guide.

Early Repayment Charges apply:
5 Year Fixed - 4.00% in Year 1, 3.00% in Year 2, 1.50% in Year 3, 1.00% in Year 4, 1.00% in Year 5
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

 

85% LTV

Rate Type / Term Rate Feature  Completion Fee Reversion
2 Year Fixed 2.99%  None £1,299 LIBOR plus 4.20%*
3 Year Fixed 3.24%  None £1,299 LIBOR plus 4.20%*
5 Year Fixed 3.64%  None £1,299 LIBOR plus 4.20%*
2 Year Fixed 3.59% - Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.**  £0 LIBOR plus 4.20%*
3 Year Fixed 3.64%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.20%*
5 Year Fixed 3.84%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.20%*



90% LTV available via Limited Distribution only.

Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.55% with effect from 13 November 2017 – LIBOR Floor  1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Standard legals only available on loans up to £500,000. For full details please see our Criteria Guide.

Early Repayment Charges apply:
5 Year Fixed - 4.00% in Year 1, 3.00% in Year 2, 1.50% in Year 3, 1.00% in Year 4, 1.00% in Year 5
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

 

90% LTV

Rate Type / Term Rate Feature  Completion Fee Reversion
2 Year Fixed 3.74%  None £1,299 LIBOR plus 4.20%*
3 Year Fixed 3.99%  None £1,299 LIBOR plus 4.20%*
5 Year Fixed 4.49%  None £1,299 LIBOR plus 4.20%*
2 Year Fixed 4.34% - Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.**  £0 LIBOR plus 4.20%*
3 Year Fixed 4.39%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.20%*
5 Year Fixed 4.69%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.20%*




90% LTV available via Limited Distribution only.

Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.55% with effect from 13 November 2017 – LIBOR Floor  1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Standard legals only available on loans up to £500,000. For full details please see our Criteria Guide.

Early Repayment Charges apply:
5 Year Fixed - 4.00% in Year 1, 3.00% in Year 2, 1.50% in Year 3, 1.00% in Year 4, 1.00% in Year 5
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

 

Residential Rates

75% LTV

Rate Type / Term Rate  Feature Completion Fee Reversion
2 Year Fixed 2.64%  None £999 LIBOR plus 4.00%*
3 Year Fixed 2.94%  None £999 LIBOR plus 4.00%*
5 Year Fixed 3.39%  None £999 LIBOR plus 4.00%*
2 Year Fixed 3.29%  - Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.**  £0 LIBOR plus 4.00%*
3 Year Fixed
3.34%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.**
£0 LIBOR plus 4.00%*
5 Year Fixed 3.59%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.00%*



90% LTV available via Limited Distribution only.

Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.55% with effect from 13 November 2017 – LIBOR Floor  1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Standard legals only available on loans up to £500,000. For full details please see our Criteria Guide.

Early Repayment Charges apply:
5 Year Fixed - 4.00% in Year 1, 3.00% in Year 2, 1.50% in Year 3, 1.00% in Year 4, 1.00% in Year 5
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 Reversion
2 Year Fixed 2.74%  None £999 LIBOR plus 4.00%*
3 Year Fixed 3.04%  None £999 LIBOR plus 4.00%*
5 Year Fixed  3.49%  None £999  LIBOR plus 4.00%*
2 Year Fixed 3.39%  - Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.**  £0 LIBOR plus 4.00%*
3 Year Fixed 3.44%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.00%*
5 Year Fixed 3.69%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.00%*


90% LTV available via Limited Distribution only.

Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.55% with effect from 13 November 2017 – LIBOR Floor  1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Standard legals only available on loans up to £500,000. For full details please see our Criteria Guide.

Early Repayment Charges apply:
5 Year Fixed - 4.00% in Year 1, 3.00% in Year 2, 1.50% in Year 3, 1.00% in Year 4, 1.00% in Year 5
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

 

85% LTV

Rate Type / Term Rate Feature  Completion Fee Reversion
2 Year Fixed 2.74%  None £999 LIBOR plus 4.00%*
3 Year Fixed 3.04%  None £999 LIBOR plus 4.00%*
5 Year Fixed  3.49%  None £999  LIBOR plus 4.00%*
2 Year Fixed 3.39%  - Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.**  £0 LIBOR plus 4.00%*
3 Year Fixed 3.44%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.00%*
5 Year Fixed 3.69%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.00%*


90% LTV available via Limited Distribution only.

Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.55% with effect from 13 November 2017 – LIBOR Floor  1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Standard legals only available on loans up to £500,000. For full details please see our Criteria Guide.

Early Repayment Charges apply:
5 Year Fixed - 4.00% in Year 1, 3.00% in Year 2, 1.50% in Year 3, 1.00% in Year 4, 1.00% in Year 5
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

 

90% LTV

Rate Type / Term Rate Feature  Completion Fee Reversion
2 Year Fixed 3.99%  None £1,299 LIBOR plus 4.20%*
3 Year Fixed 4.24%  None £1,299 LIBOR plus 4.20%*
5 Year Fixed 4.74%  None £1,299 LIBOR plus 4.20%*
2 Year Fixed 4.59% - Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.**  £0 LIBOR plus 4.20%*
3 Year Fixed 4.64%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.20%*
5 Year Fixed 4.94%
- Free Valuation For Purchase and all New Build rates and Free Valuation & Free Legal for Remortgages.** £0 LIBOR plus 4.20%*



90% LTV available via Limited Distribution only.

Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.55% with effect from 13 November 2017 – LIBOR Floor  1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Standard legals only available on loans up to £500,000. For full details please see our Criteria Guide.

Early Repayment Charges apply:
5 Year Fixed - 4.00% in Year 1, 3.00% in Year 2, 1.50% in Year 3, 1.00% in Year 4, 1.00% in Year 5
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

 

Product features: 

  • Up to 100% LTV of the Discounted Purchase Price
  • Up to 75% LTV open market value (completion fees can be added)
  • Rates start from 3.94%
  • Re-mortgage available, subject to 12 months ownership

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