Kensington has removed the administration fee from all current products and introduced new incentives across its whole range of residential and buy-to-let mortgages.
As well as cutting the £195 Administration Fee, the specialist lender now offers free legals (up to a maximum loan size of £500,000) and a free valuation on all remortgages and free valuations on all purchases.
Last week, Kensington launched a new application portal and website affordability calculator and pledged an ongoing commitment to improving the life of mortgage intermediaries.
The lender offers a range of specialist mortgages for customers who would fail an automated application system, including the self-employed, contractors, bonus earners and applicants who have failed a credit score as well as experienced and first time Buy to Let landlords.
Alex Hammond (pictured), head of marketing communications at Kensington, said: “As we move into a traditionally busy period for the mortgage market, Kensington is signalling its intent to deliver better value to mortgage intermediaries and their clients with specialist circumstances.
“We are particularly pleased to be able to introduce these incentives across our buy-to-let range and lower the upfront cost to landlords, whether they are making a first time investment or growing their portfolio.
“But there’s even more to come from Kensington, and we’re looking forward to introducing a brand new service promise to the intermediary mortgage market in the next couple of weeks.”
