Kensington introduces 85% LTV Buy to Let range

by Howard Reuben CeMap CeRER

15:14 PM, 11th June 2018
About 6 months ago

Kensington introduces 85% LTV Buy to Let range

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Kensington introduces 85% LTV Buy to Let range

Kensington have introduced a new Buy to Let range of 85% Loan to Value mortgages based on 2 and 5 year fixed rate terms.

2 year fixed rate options start at:

  • 4.19% with a 1.5% completion fee that can be added to the loan and a maximum mortgage of £1,000,000. Reversion rate is LIBOR (currently 0.65%) plus 4.3%
  • 4.29% with a £1,499 completion fee, max loan £250,000 and reversion rate of LIBOR plus 4.3%
  • 4.64% with no completion fee, max loan £250,000 and reversion rate LIBOR plus 4.3%

5 year fixed rate options start at:

  • 4.89% with a 1.5% completions fee, max loan £1,000,000. Reversion rate LIBOR plus 3.15%
  • 4.94% with a £1,499 completion fee, max loan £250,000 and reversion rate of LIBOR plus 3.15%
  • 4.99% with no completion fee, max loan £250,000 and reversion rate LOBOR plus 3.15%

Other Criteria:

– Minimum loan amount £25,001

– Minimum Valuation £75,000

– Minimum age – at least one applicant must be 25 years old and all at least 21 years old

– No minimum income for existing landlords

– Limited company lending is allowed with specific SIC codes

Buy to Let improvements to the whole Kensington range include:
• Now up to 85% LTV
• Rates reduced by up to 0.45%, with rates starting from 2.69%
• New zero fee and free valuations products
• New 1 year ERC for 1 & 2 year fixed rates
• Limited company option available on all products with no additional rate loading

To discuss this product in more detail and see if the property and circumstance fit criteria please contact me using the form below and I will be happy to help.

Contact Howard Reuben

Mortgages, Commercial and Bridging Finance, Life Insurance, Wills, Trusts and LPA's
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