Kensington cuts residential rates by up to 0.75 per cent


Kensington Mortgages will cut rates across 70 per cent of its residential mortgage range by up to 0.75 per cent tomorrow.

Rates will start from 2.69 per cent for loans less than £500,000 and 2.34 per cent for loans greater than this, as part of the lender’s premier service.

The rate changes announced by Kensington also include reductions to new build mortgages with the firm’s two-year fixed loan at 80 per cent LTV. This will be cut by 0.55 per cent to 3.04 per cent.

The Northview Group sales and distribution director Steve Griffiths says: “The breadth and depth of these reductions will allow brokers to choose a deal that offers great value for money for a whole range of customers, from those with complex needs, the self-employed, to those seeking a large loan or wanting to buy a new property.

“We are confident that these new rates will prove attractive with our intermediary partners and customers alike.”