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.