Kensington is increasing the maximum LTV on its core range to 85 per cent from 80 per cent and is introducing a new 65 per cent LTV product.
Rates start at 3.34 per cent for a two-year year fixed at 65 per cent LTV. A three-year fixed is available at 3.64 per cent and a five-year fixed is 4.29 per cent. The completion fee on these products is £999.
At 85 per cent LTV, rates start at 4.49 per cent for a two-year fixed and a three-year fixed is 4.79 per cent. The completion fee on the 85 per cent LTV products is £1,299.
Kensington is also tweaking its range to include products with free valuations on purchases, free valuations and standard legals on remortgages and no completion fee.
In this camp the lender now has a 65 per cent LTV two-year fixed priced at 3.79 per cent and a three-year fixed at 4.04 per cent.
At 85 per cent LTV, a two-year fixed is priced at 4.99 per cent and a three-year fixed is 5.29 per cent.
Kensington head of sales and distribution Steve Griffiths says: “We will provide more opportunity for customers whose chances of getting a standard mortgage have been hindered by the complexities of life – and this means more opportunity for brokers to place their difficult cases.
“One way of growing this opportunity is by increasing the choice of products we are able to offer, with more product LTVs and payment options to better meet the needs our brokers and their clients.”