Kensington launches Help to Buy range

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Kensington Mortgages has launched a Help to Buy equity loan range to help first-time buyers in England and Wales.

The Help to Buy products begin at 3.64 per cent at 75 per cent LTV for a two-year fixed rate.

Rates are 3.99 per cent for a three-year fix and 4.24 per cent for a five-year deal.

All loans have a £999 fee and free valuations.

The maximum loan amount will be driven by the maximum property value available on the Help to Buy scheme, which is currently £600,000 for England and £300,000 for Wales.

Northview Group director of sales and distribution Steve Griffiths says: “Last month, Kensington announced its intention to enter the Help to Buy market, and as a lender that is dedicated to helping customers with complex circumstances, we are very pleased to announce that our products are now live.”

Kensington Mortgages has also updated its residential new build range, with new five-year fixed rates starting from 3.74 per cent at 75 per cent LTV.