Kensington Mortgages has unveiled a new 10-year fixed product, as well introducing exclusive offers on its residential and buy-to-let range for a limited time only.
The new residential Select 10-year fixed mortgage, with a five-year early repayment charge will be available at both 75% and 80% LTV. Rates start at 4.34% (75% LTV).
For a limited time only, Kensington Mortgages are introducing an offer across its residential and buy-to-let core range. residential Select products at 85% LTV have decreased by 0.20 percentage points to 3.39% on a two-year fixed rate, while a five-year fix has decreased by 0.35 percentage points to 3.79%. The product fee has been cut from £1,299 to £499 on both.
On buy-to-let, the offer is available at 75% LTV for a two-year fixed term at 2.59%, a decrease of 0.30 percentage points.
These offers will be available until Wednesday 31st October 2018 for all completed Decision in Principle applications.
Craig McKinlay, sales & marketing director at Kensington Mortgages, said: “The launch of our new 10-year fix with built in flexibility provides first-time buyers and home movers with certainty and reassurance through, undeniably, uncertain times by giving them the security of a long term fix with the flexibility of a shorter term lock in.
“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. Our latest updates further reinforce our commitment to supporting underserved borrowers across the UK, and we hope these changes continue to help intermediaries to provide the best possible service to clients, whatever their individual circumstances may be.”