Mortgages

Kensington launches young professional and later life ranges

Rozi Jones
|
6th November 2018
Craig McKinlay Northview Group
"Qualifying within these fields often requires a large investment of both time and resources, however, this doesn’t necessarily mean this is acknowledged by certain lenders"

Kensington Mortgages has launched a new ‘Brighter Mortgages’ range for both young professionals and borrowers aged 55 and over looking to fund into retirement.

The young professional range offers enhanced affordability and is specifically designed for chartered accountants, actuaries, barristers, commercial pilots, dentists, medical doctors and solicitors.

Rates start from 3.14% at 75% LTV and Kensington will accept self-employed workers or contractors. Single applicants need a minimum income of £35,000 and joint applications require a minimum income of £50,000.

Kensington's range for over-55s borrowing into retirement will offer two and five-year fixed rates as well as a ten-year product benefitting from a shorter five year ERC.

Borrowers can choose up to 70% LTV on a repayment basis and the maximum age at end of term is 89 years old.

Craig McKinlay, new business director at Kensington Mortgages, commented: “Certain professions in the UK carry greater earning potential and job security. Qualifying within these fields often requires a large investment of both time and resources, however, this doesn’t necessarily mean this is acknowledged by certain lenders when it comes to securing funding.

“We’re committed to helping borrowers at every career and life stage with our forward thinking mortgages. This means providing tailored products for all stages of the customer lifecycle, as well as helping the UK’s young professionals’ step onto the property ladder, whether they are already established or just embarking on their careers.

“Our latest product ranges open up new opportunities for our intermediaries and their clients and we’re confident these latest offerings will be greeted positively by our broker partners.”

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