Kensington Mortgages has trimmed rates on its BTL range by up to 10bps.
The lender has made changes to both its regular BTL range and its eKo products, which reward clients who buy properties with high energy efficiency ratings.
With immediate effect, the lender has made the cuts across its two- and five-year fixed rate BTL Prime and Core products.
Notable changes include Kensington’s 75% LTV two-year fixed rates at 5.23% with no fee and 4.56% with a £4,000 fee as well as its 75% LTV five-year fixed rates at 4.72% with a £4,000 fee and 4.87% with a £1,499 fee.
Meanwhile, Kensington has trimmed rates on its eKo proposition by 5bps in lieu of its original £500 cashback offer.
Kensington’s new BTL eKo rates — all 75% LTV with a free valuation — include two-year fixed rates at 4.74% with a £1,499 fee, 4.51% with a £4,000 fee, 3.69% with a 3% fee, and 5.18% with no fee.
Kensington has also introduced five-year fixed rates at 4.82% with a £1,499 fee, 4.67% with a £4,000 fee, 4.27% with a 3% fee, and 4.94% with no fee.
The maximum loan size for Kensington’s BTL eKo mortgages has also been increased to £750,000, up from £500,000.
To be eligible for Kensington’s eKo range, BTL clients need to be purchasing or remortgaging a property rated as A, B, or C.
Clients will need to provide evidence by way of their EPC. For New Build properties the Predicted Energy Assessment (PEA) can be used as evidence.
“We regularly engage with our broker partners to ensure our propositions are aligned with what matters most to their clients,” said Andy Bickers, commercial director at Kensington Mortgages.
“By combining reduced rates, increased loan sizes, and continued support for energy-efficient properties, we’re strengthening our proposition and helping brokers support more clients with confidence.”
