Kensington cuts buy-to-let rates and introduces new £1,499 fee option

Kensington Mortgages has cut rates across its two and five-year fixed buy-to-let products by up to 0.15%, with HMO and MUB two-year fixed rates reduced by up to 0.40%.

Kensington now offers two-year fixed 75% LTV prime rates with a 5% fee from 3.13%, with a 3% fee at 3.80%, and with no fee at 5.34%.

The lender's five-year 75% LTV prime rate with a 3% fee is now 4.40% and with no fee at 5.05%.

Kensington has also added new £1,499 fee options to its buy-to-let prime range, including a two-year fixed rate at 4.85% and a five-year fixed rate at 4.90%, both at 75% LTV.

A free valuation is included for all Kensington buy-to-let products.

Buy-to-let affordability for Kensington’s core range is determined on a bespoke basis by product, accounting for current and expected future rates. Surplus personal top-up income can be included in calculations for 'high rental top-up potential (HRTP) clients. 

For its prime range, Kensington applies a higher of initial pay rate plus 2%, or 5.5% for two-year fixed terms, and for five-year fixed terms a higher of initial pay rate, or 5% is applied.

Andy Bickers, commercial director at Kensington Mortgages, commented: “Our latest reductions further strengthen the competitiveness of our buy-to-let range, giving brokers and their clients access to some of the most attractively priced options in the market – including new fee structures that provide real flexibility. 

"But just as important as rate is the certainty and support that underpin the Kensington experience, including our one-day turnaround on reviewing new applications and being able to talk to our sales support within a minute. The combination of our specialist sales teams and the direct access that brokers have to dedicated underwriters ensures that cases move with efficiency and transparency. It’s this consistently high standard of service, alongside our enhanced pricing, that continues to make Kensington a trusted partner for brokers navigating their clients’ buy-to-let needs.”