Kensington Mortgages has introduced free valuations across all residential mortgage products, extending its existing proposition of free valuations on all buy-to-let mortgages. Kensington has also lowered rates across its residential and buy-to-let mortgages.
The lender is reducing rates by up to 0.15% for its Residential Select products, including its Heroes, professional, and Own New Rate Reducer mortgages. 75% LTV two and five-year fixed rates for Kensington’s residential mortgages now start from 5.59%.
Kensington has also introduced new £1,999 fee products across its Residential Select five-year fixed range, replacing its existing £1,499 fee options. The products all include free valuations, with remortgage customers continuing to benefit from a choice of free standard legals or £250 cashback.
Rates for Kensington’s core buy-to-let range, including HMO and MUB mortgages, have been cut by up to 0.35%. Products are available up to 80% LTV, with two-year fixed rates starting from 3.69% and five-year fixed rates from 5.12%. For its prime range – also including HMO and MUB – Kensington has lowered rates by up to 0.35%, two and five-year fixed rates from 3.59% and 4.79% respectively up to 75% LTV. In addition, rates for Kensington’s Prime eKo range have been reduced by up to 0.25%, with Kensington now offering two-year fixed rates from 4.39% and five-year fixed rates from 4.97%.
Andy Bickers, commercial director at Kensington Mortgages, commented: “Extending free valuations across our entire residential range is another way Kensington is working to make life easier for brokers and their clients at a time when many households continue to feel the impact of rising living costs.
“In a fast-moving market, brokers need certainty, speed, and strong support from lenders. That’s why we continue to provide two days’ notice on product changes, alongside continuous access to support through our BDM team, telephone BDMs, and webchat services.
“We also know that communication is critical to keeping cases moving. Every broker receives support from a dedicated mandated underwriter who remains their point of contact throughout the application process, with brokers who engage with those calls potentially able to reduce application-to-offer times by as much as 25%.
“Our sustained focus on combining competitive products with practical support helps to ensure brokers can deliver faster and more affordable outcomes for their clients.”
