Kensington launches Help to Buy Equity Loan range from 3.64%

Kensington Mortgages has launched a new Help to Buy Equity Loan mortgage range for both first-time buyers and home movers across England and Wales.

Related topics:  Mortgages
Rozi Jones
27th June 2017
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"Whilst standard borrowers can easily access these loans from the high street, it’s also important that the specialist market improves the choice of Help to Buy mortgages"

The Help to Buy products are offered at 75% LTV and include a two-year fixed rate at 3.64%, three-year fixed rate at 3.99% and a five-year fixed rate at 4.24%. All products come with a £999 fee and free valuations.

Kensington has also updated their Residential New Build range, with new five-year fixed rates starting from 3.74% at 75% LTV.

Steve Griffiths, Director of Sales and Distribution at The Northview Group, said: “Last month, Kensington announced its intention to enter the Help to Buy market, and as a lender that is dedicated to helping customers with complex circumstances, we are very pleased to announce that our products are now live.

“The Government’s Help to Buy scheme is fundamental in helping many first-time buyers take their first steps onto the property ladder. However, whilst standard borrowers can easily access these loans from the high street, it’s also important that the specialist market improves the choice of Help to Buy mortgages for borrowers with complex sources of income.

“This is precisely why Kensington have launched this range today, giving customers both improved choice and a highly competitive deal when buying a new build property.”

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