View more on these topics

Kensington cuts BTL rates by up to 0.5%

Specialist lender Kensington has cut rates by up to 0.5 per cent across its buy-to-let product range, available to first time and experienced landlords.

The firm is also reducing its completion fee by 50 basis points to 2 per cent and will now offer borrowers a choice between this or a flat completion fee of £1,999.

There is a two year 80 per cent loan offered at 5.24 per cent over two years, reduced from 5.74 per cent. Only the 2 per cent completion fee applies for this product. There are also 70 per cent and 75 per cent LTV options available.

There are no minimum income requirements or a portfolio limit for experienced landlords and loans are available up to £1m.



Concept to creation: How we bring new products to market

We offer a wide variety of lending options in the commercial market, but creating something new is one of the most exciting parts of my job. So I thought I would share with you how it’s done. There are many aspects to address within this, from how our products reach the market and how we […]

NewBuy completions increase by 94% between first and second quarters

NewBuy completions rose nearly 94 per cent between the first and second quarters. Data released by the Department of Communities and Local Government shows there were 1,460 completion in the second quarter, compared to 753 in the first quarter. The government scheme, launched in March 2012, aims to help buyers with a 5 per cent […]


Whitechurch posts £120k profit but makes £1m provision

The Whitechurch network posted pre-tax profits to £120,000 in 2012 while making a £1m provision for complaints redress. The firm doubled the £60,000 pre-tax profit it posted for 2011 while seeing revenues increase 6 per cent to £12.3m from £11.6m the previous 12 months. Administrative expenses fell 9 per cent to £1m from £1.13m in […]


News and expert analysis straight to your inbox

Sign up