View more on these topics

Mortgage Next unveils prime 90% LTV deal from Kensington

Mortgage Next Packaging is launching a prime self-cert mortgage available to 90% LTV.

The deal is available for two-years fixed at 7.25%, three-years fixed at 7.15% and a two-year tracker at 7.24% or 1.99% above base rate.

Borrowers are able to overpay, underpay, take a payment holiday and also borrow back against the deal however they are subject to a 5% early repayment charge during the fixed or tracker period.
The deals are also subject to a £1,999 completion fee.

Lisa Barber, sales and marketing director at Mortgage Next, says: “This semi-exclusive is being made available by Kensington to key packaging partners to whom they have allocated a monthly tranche of funds. This means that brokers can book funds via Mortgage Next and provide their clients with the reassurance that Kensington will honour its 28-day Mortgage Commitment.”

“This self cert product not only offers a choice of competitive tracker and fixed rates, but is also available up to 90% LTV. I have no doubt it will prove to be extremely popular and brokers should contact Mortgage Next as soon as possible to secure funds.”

Keith Street, head of Kensington, adds: “Even in the current environment it is possible to provide competitive high LTV products for customers with specialist circumstances. There are limited funds available for these particular exclusive deals and we are sure they will prove popular. But brokers can be sure that Kensington will continue to work with its distribution partners in finding solutions to meet their needs and those of their clients.”


Lenders are rejecting applications out of hand, warns is warning borrowers that applications submitted with insufficient data or poor credit history are likely to be rejected out of hand.The comparison site today advises would-be borrowers that they will need to double check their applications if they are to stand a chance of getting a mortgage at competitive rates – even if they […]

Fear and loathing in the money markets

Easter is now behind us and turning from the spiritual to the temporal, while these past couple of weeks have bordered on the apocalyptic there’s been little time for reflection.

Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]


News and expert analysis straight to your inbox

Sign up