View more on these topics

Kensington revamps B2L range

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

The two year fixed mortgage up to 70 per cent loan-to-value has dropped 25 basis points to 4.14 per cent for borrowers choosing to pay the 2 per cent completion fee. A three year option is available at 4.29 per cent.

The 75 per cent loan-to-value option starts at 4.34 per cent, reduced by 0.35 per cent, while the three year option is down from 4.94 per cent to 4.54 per cent.

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.

Kensington head of distribution Charles Morley says, “This month we have seen, for the first time in years, house prices increasing in every region of the country, which is good news for property investors.”

 “Not only have we cut our rates and completion fee, we are also offering intermediaries greater choice for their clients.”



The right blend of quality and quantity

There are a number of scenarios where size isn’t everything. Bigger isn’t always better and in the mortgage world we can often get too absorbed by the numbers game. But when bigger = more choice and flexibility for borrowers then it’s difficult to get away from the fact that this is actually the preferred scenario. […]


In My Opinion

Consumers do not understand the benefits of protection and it is up to advisers to use the tools from providers to raise awareness

Santander clings to its top-five status as 2012 market share declines

Santander has clung onto its place in the biggest five mortgage lenders after seeing its market share slip from 16.8 per cent in 2011 to 10.2 per cent in 2012. Figures published last week by the Council of Mortgage Lenders show Santander slipped from second biggest lender in 2011 to fifth at the end of […]


News and expert analysis straight to your inbox

Sign up