"Our new 2-year BTL Prime products have been designed in direct response to broker feedback and reflect our commitment to giving landlords the choice and flexibility they need"
- Andy Bickers - Kensington Mortgages
Kensington Mortgages has expanded its BTL Prime range by introducing new 2-year fixed-rate products, following the successful launch of its 5-year fixed options last October.
The new products respond to broker feedback and aim to provide landlords—including limited companies and clients with HMO (house in multiple occupation) or MUB (multi-unit block) properties—greater flexibility at a time when shorter-term rate options are increasingly sought.
Rates for the 2-year BTL Prime range start at 3.89% for 75% LTV with a 3% fee and a free valuation. Other options include:
4.54% with a 2% fee
4.59% with a £4,000 fee
4.79% with a £1,999 fee
5.49% with no fee
All products are available up to 75% LTV and include a free valuation. For landlords purchasing or remortgaging HMO or MUB properties, rates start at 4.44% at 75% LTV with a 3% fee and free valuation.
Key criteria for the new products include:
Available up to 75% LTV
Assessed at the higher of the initial payrate plus 2% or 5.5%
Minimum property value of £150,000
Available for both purchase and remortgage
Open to existing and first-time landlords, including limited companies and HMO/MUB clients
In addition, Kensington has announced that all BTL products will now include a free valuation.
According to Kensington’s data from Q3 applications, the average purchase price for a standard buy-to-let property was £260,106, with typical valuation costs of £300. For HMO and MUB properties, the average purchase price was £420,717, and valuation costs averaged £655. By offering free valuations across all BTL products, landlords could save hundreds of pounds on upfront costs.
Andy Bickers, commercial director at Kensington Mortgages, said, “Our new 2-year BTL Prime products have been designed in direct response to broker feedback and reflect our commitment to giving landlords the choice and flexibility they need."
"While our rates are highly competitive, what truly sets Kensington apart is the quality of our process and the support we provide to our broker partners. From our expert sales team helping brokers match the right product to their clients, to the dedicated underwriters who handle each application personally, it’s this combination of competitive pricing and service excellence that continues to define the Kensington experience.”
