Kensington Mortgages has announced that it has reduced rates across its buy-to-let products, enhancing its proposition for the BTL market.
Two-year and five-year fixed-term rates have been lowered by up to 0.15% and 0.09%, respectively. HMO and MUB two-year fixed-term products will be reduced by up to 0.40%. The reductions include both Kensington’s Prime and Core ranges.
Notably, Kensington now offers two-year fixed 75% LTV BTL Prime rates with a 5% fee at 3.13%, with a 3% fee at 3.80%, and with no fee at 5.34%. Their five-year fixed 75% LTV BTL Prime rates with a 3% fee are now 4.40% and with no fee at 5.05%.
The lender has also added new £1,499 fee options to its BTL 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 BTL products.
“Our latest reductions further strengthen the competitiveness of our BTL 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," explained Andy Bickers, commercial director at Kensington Mortgages.
He added, "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’ BTL needs.”
