Kensington Mortgages has cut its BTL rates by up to 25bps.
The change applies to Kensington’s two- and five-year fixed rates up to 80% LTV, including both its prime and core ranges.
As a result, Kensington’s now offers two-year fixed rates and five-year fixed rates starting from 2.99% and 4.74%, respectively.
Kensington has also introduced a new £1,499 fee option to its core range, bringing it in line with an option already available on its prime range. The new fee option applies to Kensington’s two- and five-year fixed rates.
“At Kensington, we don’t rely on credit scoring or charge any upfront application fees, with every case individually assessed by a dedicated underwriter from day one through to completion,” said Andy Bickers, commercial director at Kensington Mortgages.
“This approach allows us to look beyond the numbers, understand each customer’s circumstances, and provide the certainty and service that brokers and landlords value in a changing market.”
