Kensington cuts rates by up to 0.6%

Specialist lender Kensington has cut its buy-to-let rates by up to 0.6 per cent and its residential range by up to 0.3 per cent.

Its buy-to-let range now starts from 3.54 per cent for LTVs of 70 per cent and 3.74 per cent for LTVs of 75 per cent.

Kensington’s residential range now starts from 3.09 per cent for borrower with a 65 per cent LTV loan and 3.19 per cent fro a 75 per cent LTV loan. At 80 per cent LTV, rates start at 3.69 per cent.

Kensington head of sales and distribution Steve Griffiths says: “Our focus is on providing competitively priced mortgages and unrivalled service on applications that require individual underwriting.

“Feedback from brokers shows there is growing demand for competitive rates and increased choice for landlords as well as for self-employed applicants and people who work on contracts or who have incomes which are too complex for the High Street to handle.”