Kensington Mortgages has lowered rates across its range of residential and BTL mortgages.
Across both Prime and Core products, rates for five-year 75% LTV BTL mortgages have been reduced by up to 0.1% while rates for five-year 75% LTV BTL HMO and MUB mortgages have been cut by up to 0.2%.
Notably, Kensington has reduced its five-year 75% LTV BTL Prime mortgages with a £4,000 fee to 4.83%, with no fee to 5.09%, and with a 3% fee to 4.49%.
The lender now offers five-year 75% LTV BTL Prime HMO and MUB mortgages with a £4,000 fee at 5.19%, with no fee at 5.54%, and with a 3% fee at 4.89%.
All Kensington BTL products also include a free valuation, aimed at providing clients with cost savings on their initial expenses.
Andy Bickers, commercial director at Kensington Mortgages, commented: “These latest reductions reinforce our commitment to offering brokers and their clients some of the most competitive and thoughtfully structured products across residential and BTL in the market.”
