Kensington Mortgages launches 10-year fix alongside rate cuts

Specialist lender Kensington Mortgages has announced a new 10-year fixed rate residential product and a series of rate cuts across its Residential Select and BTL range.

The new 10-year fixed rate mortgage comes in 75 per cent and 80 per cent LTV versions, with rates for the former starting at 4.34 per cent.

Meanwhile, the rate cuts can be found in the lender’s residential and buy-to-let core range. Here, residential Select products at 85 per cent LTV on a two-year fix have received cuts of 0.20 per cent to 3.39 per cent, and on the five-year fix, rates have been reduced by 0.35 per cent to 3.79 per cent. Additionally, both product’s fees have been slashed from £1,299 to £499.

Within the BTL range, the two-year fix at 75 per cent LTV has been cut by 30 per cent to 2.59 per cent.

Both rate cut offers detailed above are available for a limited time, from today until 31 October 2018.

Earlier this month, Kensington Mortgages introduced a 95 per cent LTV deal.

Kensington Mortgages sales and marketing director Craig McKinlay says: “Buying a home is an ambition of many and we hope our product provides borrowers with stability and the peace of mind that a fixed term mortgage brings.

“We’ve been making several changes recently across our product range, all of which have been well received by intermediaries.”

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