Kensington Mortgages has lowered rates across its buy-to-let (BTL) range and introduced reduced pricing for its wider Residential products, while also refreshing its eKo energy-efficient mortgage range.
For BTL clients, all eKo products up to 75% LTV now include free valuations. Two-year fixed rates start at 4.74% with a £1,499 fee, 4.51% with a £4,000 fee, 3.69% with a 3% fee, and 5.18% with no fee. Five-year fixed rates are 4.82% with a £1,499 fee, 4.67% with a £4,000 fee, 4.27% with a 3% fee, and 4.94% with no fee. The maximum loan size has risen to £750,000, up from £500,000.
Residential eKo mortgages have also been updated. Two-year fixed rates for 85% LTV are 5.24% and 90% LTV at 5.61%, while five-year fixed rates are 5.29% at 85% LTV and 5.67% at 90% LTV. All include a £1,499 fee and a free valuation. Kensington has increased the maximum loan size to £1m for up to 90% LTV and £1.5m up to 85% LTV.
To qualify, Residential clients must be purchasing or remortgaging a property rated A or B for energy efficiency, while BTL properties can be A, B, or C, verified via an EPC or Predicted Energy Assessment (PEA) for new builds.
Kensington has also cut rates across its broader Residential and BTL ranges. Residential clients now see reductions of up to 7bps on two- and five-year fixed rates across Select, Heroes, Professional, and Own New mortgages for up to 85% LTV. Two-year fixed rates at 75% LTV now start from 4.79% with a £1,999 fee, while five-year fixed rates at the same LTV begin at 5.01% with a £1,499 fee.
BTL Prime and Core products have been reduced by up to 10bps on two- and five-year fixed rates for selected LTVs and fee options up to 80% LTV. Key examples include 75% LTV two-year fixed rates at 5.23% with no fee and 4.56% with a £4,000 fee, and five-year fixed rates at 4.72% with a £4,000 fee and 4.87% with a £1,499 fee. Free valuations remain available across all BTL products.
Andy Bickers, commercial director at Kensington Mortgages, said, “We regularly engage with our broker partners to ensure our propositions are aligned with what matters most to their clients. Feedback told us that, particularly in the current market, lower rates would deliver greater long-term value than cashback, which is why we’ve refreshed our eKo range with reduced pricing across selected products."
“Alongside these changes, we’ve also taken the opportunity to lower rates across our wider Residential and BTL ranges, giving brokers access to more competitive pricing across a broad set of customer needs."
"By combining reduced rates, increased loan sizes, and continued support for energy-efficient properties, we’re strengthening our proposition and helping brokers support more clients with confidence.”
