Kensington Mortgages has launched a Mid LTV vary for patrons who sit inside conventional 5% incremental loan-to-value brackets.
The specialist lender has added 82.5%, 87.5%, and 92.5% LTVs to its present excessive LTV choices at 80%, 85%, 90%, and 95%.
The new merchandise are available to clients who meet Kensington’s Select standards.
The business provides a two-year 82.5% LTV provides a 6.27% charge, with a £999 charge, or a 6.52% charge with a free valuation for buy clients and a free valuation, in addition to free legals, or £250 cashback for remortgage clients.
The agency’s five-year 82.5% LTV contains an possibility, with a 6.07% charge and £999 charge or a 6.17% charge, with a free valuation for buy clients and, for these remortgaging, a free valuation and free legals, or £250 cashback.
Its two-year 87.5% LTV at 6.74% comes with a £999 charge, or a 6.99% charge with a free valuation for buy clients or, for remortgage clients, a free valuation in addition to £250 cashback, or free legals.
The five-year 87.5% LTV provides a 6.62% charge with the identical incentives, or a 6.47% charge, with a £999 charge.
The lender’s two-year 92.5% LTV, which is for buy clients solely, provides a 7.24% charge with a free valuation and £999 charge, or a 7.47% charge with a free valuation and no charge.
In addition, its five-year 92.5% LTV, additionally just for buy clients, provides a 6.79% charge with a £999 charge and free valuation, or a 6.99% charge with no charge and free valuation.
Kensington Mortgages chief business officer Vicki Harris says: “The new offering aims to ensure that customers can access the right product for their specific needs and that they are not forced into a higher LTV when making their purchase, so they effectively only pay for what they need.”
