26th April 2024 – Leading specialist mortgage lender, Kensington Mortgages, today announces the
launch of its ‘Mid LTV’ product range, as part of its commitment to provide more options for
residential clients. The products are designed to provide better rates for customers who sit within
the traditional 5% incremental LTV brackets.
Kensington is adding 82.5%, 87.5%, and 92.5% LTVs to its existing high LTV options of 80%, 85%, 90%,
and 95%. The new products will be available to customers who meet Kensington’s Select criteria.
Kensington’s two-year 82.5% LTV offers a 6.27% rate with a £999 fee or a 6.52% rate with a free
valuation for purchase customers and a free valuation as well as free legals or £250 cashback for
remortgage customers.
Kensington’s five-year 82.5% LTV includes an option with a 6.07% rate and
£999 fee or a 6.17% rate also including a free valuation for purchase customers and, for those
remortgaging, a free valuation and free legals or £250 cashback.
Similarly, Kensington has launched a two-year 87.5% LTV at 6.74% with a £999 fee or a 6.99% rate
with a free valuation for purchase customers or, for remortgage customers, a free valuation as well
as £250 cashback or free legals.
Kensington’s five-year 87.5% LTV offers a 6.62% rate with the same
incentives or a 6.47% rate with a £999 fee.
Kensington’s two-year 92.5% LTV, which is for purchase customers only, offers a 7.24% rate with a
free valuation and £999 fee or a 7.47% rate with a free valuation and no fee. In addition, its five-year
92.5% LTV, also only for purchase customers, offers a 6.79% rate with a £999 fee and free valuation
or a 6.99% rate with no fee and free valuation.
Vicki Harris, Chief Commercial Officer at Kensington Mortgages, commented: “The launch of our Mid LTV range speaks to Kensington’s commitment to continuing to innovate,
making brokers’ lives easier, and helping more people to own their home. The new offering aims to
ensure that customers can access the right product for their specific needs and that they are not
forced into a higher LTV when making their purchase, so they effectively only pay for what they
need.”
Share via...