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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.”


FCA set to ban opt-out selling with insurance

The FCA has announced plans to ban ‘opt-out’ selling where consumers are automatically sold a product that they have to opt out of at a later date. Following a market study into the general insurance add-ons industry last year, the regulator found that opt-out selling often results in consumers purchasing an insurance product they do […]

Nationwide U-turn on self-employed

Nationwide has done a U-turn on its unpopular stance on SA302s and now no longer requires a covering letter from HMRC for self-employed income verification. Lenders have increasingly started to use the self-assessment tax calculation, or SA302 form, to verify income for self-employed borrowers. While paper copies are still available from HMRC, in January, the […]

Saffron BS records huge increase in annual lending

Saffron Building Society lent a record £240m to mortgage borrowers last year. This represents a 39.5 per cent increase on the £172m lent by Saffron in 2013. The mutual’s 2014 annual report, which was published last week, shows it made a £3.8m pre-tax profit last year, up from £3.1m the year before. Its total assets […]

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EEF/Jelf Employee Benefits Sickness Absence Survey 2015

EEF stated in its 2015 EEF Manifesto that the UK’s growth prospects depend on people being fit, working and productive. Keeping people in work and helping people return to work is very important for the manufacturing sector. It means boosting productivity by getting people back into work as early as is possible, as well as fostering workplace cultures and environments that proactively manage individuals’ health conditions so that all can benefit from lower sickness absence outcomes.


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