Another lender has cut buy to let rates as competition hots up to win landlord clients.
Kensington Mortgages has lowered rates by up to 155 basis points for landlord clients across its Core and Prime BTL ranges. Kensington’s Core rates now offer 70% LTV starting from 3.19% while its Prime rates offer 75% LTV starting from 4.39%. Both are available to individuals and limited companies and include identical pricing and fees.
For all BTL customers, Kensington requires no credit scoring or upfront application fees, with every case assigned a dedicated underwriter from application through to completion.
Andy Bickers, commercial director at Kensington Mortgages, comments: “The introduction of reduced rates across our residential and BTL products has further strengthened the competitiveness of Kensington’s proposition. Yet what continues to truly differentiate us is the end-to-end support we provide for our broker partners.
“From our sales team that works with brokers to identify the right product for their clients, to the direct access to dedicated underwriters, and an average application to offer turnaround time of only twelve days – it is the combination of excellent service and competitive products that continues to drive Kensington’s success.”
