Kensington Mortgages has cut buy-to-let rates by up to 15bps across selected products in its Prime, Prime eKo and Core ranges. The reductions apply to 75% loan-to-value (LTV) products.
The new buy-to-let rates at 75% LTV start from:
- Prime: 3.69% on a two-year fix and 4.99% on a five-year fix, both with a 5% fee
- Prime eKo, for properties rated A to C for energy efficiency: 4.39% on a two-year fix and 5.07% on a five-year fix, both with a 3% fee
- Core: 3.99% on a two-year fix with a 5% fee, and 5.42% on a five-year fix with a 3% fee
Kensington continues to offer free valuations on all BTL applications, including HMO and MUB cases, which cuts upfront costs for landlords. The lender has also recently added filters to its broker portal, letting brokers search by product name and fixed rate duration.
“These latest rate reductions further strengthen the competitiveness of our BTL offering, giving brokers and their landlord clients access to attractively priced products across our Prime, Prime eKo and Core ranges,” said Andy Bickers, commercial director at Kensington Mortgages.
“However, competitive pricing is only part of what makes a great lending experience. We know how important it is for brokers to have access to responsive, reliable support, which is why they can reach one of our desk BDMs in under a minute on average.
“Once a case is submitted, brokers also receive a call from their assigned mandated underwriter, providing a direct point of contact to help applications progress as quickly and smoothly as possible.
“We’re continually looking at ways to make brokers’ lives easier, including through recent enhancements to our broker portal that make it quicker to find the right products for clients. By combining competitive rates, specialist expertise and consistently high standards of service, we’re continuing to make Kensington a lender that brokers can rely on.”
