07 March 2024 – Kensington Mortgages has lowered rates and reduced arrangement fees across
selected 90% and 95% LTV products. The move signals Kensington’s continued responsiveness to
customer needs and market activity, following reductions to rates and the introduction of increased
options across its high LTV residential ranges announced earlier this year.
For its 90% LTV products, Kensington has decreased rates by up to 55bps across its Select,
Professional, Heroes, eKo, and Core ranges. Kensington has also reduced arrangement fees across all
90% LTV products from £1,299 to £999. Kensington’s lowest Select 90% LTV for its two-, three-, and
five-year fixed rates are now 6.89%, 6.59%, and 6.44% respectively, all of which include a £999 fee.
Rates on Kensington’s Hero Mortgage range remain 10bps below those of its Select range.
In addition, Kensington has lowered rates on selected 95% LTV products by up to 35bps. It has also
lowered arrangement fees from £1,299 to £999 on all 95% LTV products. Kensington’s lowest Select
95% LTV for its two-, three-, and five-year fixed rates are now 7.39%, 7.09%, and 6.94% respectively.
All include a £999 fee. Kensington’s 95% LTV products also all offer a free valuation, including both
fee and fee free products.
Vicki Harris, Chief Commercial Officer at Kensington Mortgages, commented:
“Our decision to
lower rates for selected 90% and 95% LTV products highlights our sustained commitment to meeting
the needs of our customers as market conditions continue to evolve. Our products provide some of
the most competitive rates in the specialist market, which are supported by leading standards of
customer service. For over two years, Kensington has offered one day service-level agreements for
all new and uploaded documents and, as of February 2024, an average application to offer time of
just eight days. We look forward to continuing to adapt and improve our offering to better serve our
customers in the year ahead.”