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Kensington Mortgages – Extra Choices Near Prime Max Two Year Fixed Rate

Kensington Mortgages

Extra Choices Near Prime Max Two Year Fixed Rate

Type; Fixed rate mortgage

Fixed term: Two year

Fixed rate: Up to 90% of valuation – 6.54%, up to 85% – 6.24%, up to 80% – 5.99%, up to 70% 5.74%

Minimum loan: £25,001

Maximum loan: Up to 90% of valuation subject to a maximum of £300,000, up to 85% of valuation subject to a maximum of £500,000 or £400,000 for buy-to-let, up to 75% of valuation subject to a maximum of £1m
Income multiples: Up to 3.5 times principal income plus second or three times joint. For buy-to-let applications, rental income must be at least 125% of mortgage repayments

Conditions: Up to £1,000 in CCJS or one month’s arrears in the last 12 months, IVA and bankruptcy not acceptable, 0.25% added to rate for self-cert, 0.25% added for right-to-buy, 0.5% added for buy-to-let, 0.1% added for flexible features, one standard free valuation for properties in England and Wales, £200 cashback for properties in Scotland

Flexible features: Overpayments, underpayments, payment holidays, lump sum withdrawals, interest calculated daily

Arrangement fee: £795

Redemption fee: 6% of the amount repaid in first two years

Introducer’s fee: 0.5% of original loan up to £2,5000 maximum

Tel: 0800 111 020

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