Kensington cuts residential and buy-to-let rates by up to 1.55%

Kensington Mortgages has lowered rates across its residential and buy-to-let mortgages.  

Rates have been reduced by up to 0.55% across Kensington’s residential Select offering, now starting from 5.29% at 65% and 75% LTV, 6.09% at 90% LTV, and 6.44% at 95% LTV. 

For its residential Select special rates, which offer £1,000 cashback, Kensington’s 65% LTV two-year fix is now available at 5.39% with a £1,499 fee and free valuation. Across its 95% LTV special rates, rates start from 7.24% fixed for two years, 7.14% for three years, and 6.79% for five years. All special 95% LTV rates include no fee and a free valuation. 

In addition, rates have been reduced by up to 155 basis points for landlord clients across Kensington’s core and prime buy-to-let ranges. Kensington’s core rates start from 3.19% at 70% LTV while its prime rates at 75% LTV start from 4.39%. Both are available to individuals and limited companies and include identical pricing and fees. 

For all residential and buy-to-let customers, Kensington requires no credit scoring or upfront application fees, with every case assigned a dedicated underwriter from application through to completion. 

Andy Bickers, commercial director at Kensington Mortgages, commented: “The introduction of reduced rates across our residential and buy-to-let products has further strengthened the competitiveness of Kensington’s proposition. Yet what continues to truly differentiate us is the end-to-end support we provide for our broker partners. From our sales team that works with brokers to identify the right product for their clients, to the direct access to dedicated underwriters, and an average application to offer turnaround time of only twelve days – it is the combination of excellent service and competitive products that continues to drive Kensington’s success.”