Kensington launches remortgage products

Kensington launches remortgage products

Kensington Mortgages has launched a remortgage and large loan products for its Select range.

The remortgage includes a two-year fixed at 3.49 per cent and five-year fixed at 4.04 per cent, both at 85 per cent loan to value (LTV). They both offer a free valuation and have a completion fee of £1,299.

In addition, the lender has introduced a residential large loan for intermediaries at 85 per cent LTV on a two-year and five-year fix, with rates of 3.19 per cent and 3.89 per cent respectively.

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Craig McKinlay, new business director at Kensington Mortgages, said: "Following on from the recent announcement of our renewed warehouse credit line, these new updates are a great way to showcase that we are using our increased lending capacity to support brokers and deliver on the housing ambitions of their customers.

"We’re committed to lending with our head and heart, and that means offering a wide selection of products, at competitive rates and a range of LTVs, to ensure that all borrowers can find a mortgage which is right for them."

Greg Cunnington, director of lender relationships and new homes at Alexander Hall, added: "Kensington have positioned themselves as a very strong lender in the large loan space in the last 12 months with their flexible approach to clients in this space, particularly self-employed applicants and those who need other incomes such as bonus or commission to be used for the borrowing. It is great to see them reinforcing this with these new large loan products."

Kensington Mortgages recently renewed its £900m warehouse facility, with funding from BNP Paribas and Citibank.