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Kensington launches first-time buyer range

Kensington has introduced a new mortgage range aimed at first-time buyers.

Rates are available from 4.79 per cent for a two-year fixed rate up to 75 per cent loan-to-value and 5.69 per cent for a two-year fixed up to 85 per cent LTV. The maximum LTV is 85 per cent and loans are available for a £699 fee.

The lender has also increased the maximum LTV on its prime range to 85 per cent and has introduced a number of five-year fixed rates starting at 5.49 per cent up to 60 per cent LTV.

Kensington has also launched a new set of buy-to-let products available up to 70 per cent LTV. Rates start from 4.79 per cent for a two-year fixed rate and 5.29 per cent for a three-year fixed rate.

Head of product and sales development Charles Morley says: “At Kensington we make lending decisions based on a customer not a credit score and because we use an experienced team of underwriters alongside our technology, we are able to consider all of an applicant’s circumstances even if they do not have a significant file of historic activity with the credit rating agencies.”

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