Specialist lender Kensington Mortgages has lowered charges and decreased association charges throughout chosen excessive mortgage to worth (LTV) mortgages.
Kensington Mortgages – which lowered charges final month – mentioned that the change confirmed “continued responsiveness to customer needs and market activity” after fee cuts and the introduction of extra choices at high-LTV tiers.
At 90 per cent LTV, the lender has decreased charges by as much as 0.55 per cent throughout its Select, Professional, Heroes, Eko and Core ranges.
Arrangement charges have fallen from £1,299 to £999.
Kensington Mortgages’ lowest choose 90 per cent LTV for two-, three- and five-year mounted charges stand at 6.89 per cent, 6.59 per cent and 6.44 per cent respectively.
Going as much as 95 per cent LTV, charges have been lowered by 0.35 per cent and association charges have additionally fallen to £999.
Kensington Mortgages’ lowest two-, three- and five-year mounted charges are priced at 7.39 per cent, 7.09 and 6.94 per cent respectively.
Vicki Harris (pictured), chief business officer (CCO) at Kensington Mortgages, mentioned: “Our resolution to decrease charges for chosen 90 and 95 per cent LTV merchandise highlights our sustained dedication to assembly the wants of our prospects as market situations proceed to evolve.
“Our merchandise present a number of the best charges within the specialist market, that are supported by main requirements of customer support. For over two years, Kensington has supplied one-day service-level agreements for all new and uploaded paperwork and, as of February 2024, a median application-to-offer time of simply eight days.
“We look forward to continuing to adapt and improve our offering to better serve our customers in the year ahead.”
Anna is a reporter for Mortgage Solutions and assistant editor for Specialist Lending Solutions, each B2B sister titles of YourMoney.com. She has labored as a journalist for over 4 years, initially within the specialty insurance coverage sector earlier than shifting onto mortgages.
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