Kensington Mortgages is reducing rates by up to 96bps across selected BTL products, including its HMO and MUB mortgages, while introducing new products.
Kensington’s BTL rates now start from 5.19% for its five-year fixed rate, 5.29% for its three-year fix, and 5.59% for its two-year fixed rate, based on 75% LTV and including a 2% fee.
The new rates also apply to limited companies.
The company is now offering new two- and five-year fixed special rate BTL products for landlord clients, all of which come with free valuations.
This includes two-year fixed rates at 4.15% for 70% LTV and 4.54% for 75% LTV as well as a five-year fix at 4.49% for 75% LTV, all of which include a 5% fee.
Kensington is also introducing a two-year fixed rate at 4.84% and a five-year fix at 5.09%, both for 75% LTV and include a 3% fee.
For landlord clients with HMO or MUB mortgages, Kensington is introducing a five-year fixed special rate at 4.69% up to 75% LTV and a two-year fixed rate at 4.24% with 70% LTV.
Both include a 5% fee.
Vicki Harris, CCO at Kensington Mortgages, commented: “This latest update to our product range highlights the increasing breadth of Kensington’s offering as we continue to look for ways to cater to the distinct needs of a wider range of borrowers.
“In combination with our unique approach to criteria development and our sophisticated underwriting capabilities, Kensington’s sustained commitment to product development will help us offer our services to a larger proportion of the market.
“Through continuing to respond quickly to market needs, such as by reducing rates and introducing no-fee options, we aim to provide greater support for our clients in realising their goals of property ownership.”
