Kensington Launches New Buy to Let Specials: 5-Year Fixed Rate Mortgages with No Fees for UK Landlords

Introduction: Kensington’s Latest Buy to Let Mortgage Specials

Kensington, one of the UK’s leading specialist mortgage lenders, has announced two new special Buy to Let (BTL) fixed-rate deals designed to provide landlords with more competitive and flexible financing options. This update is significant for individual landlords and Limited Company investors seeking favourable rates and features on new purchases, remortgages, or let-to-buy transactions across England, Wales, Scotland and Northern Ireland.

Mortgage Rate and Product Updates

• Prime Special: 5-year fixed, 75% loan-to-value (LTV), 5.19% rate, no fee, and free valuation. Mortgage stress-tested at the higher of the initial payrate or 5%.
• Core Special: 5-year fixed, 75% LTV, 5.39% rate, no fee, and free valuation. Offers bespoke affordability assessments using current and anticipated future rates, with options for remortgage clients—free standard legals or £250 cashback.

Both products are available for both individual and Limited Company BTL applicants, providing significant flexibility and cost savings with a choice between legal fee assistance or cashback incentives when remortgaging.

Criteria and Policy Updates: Who Benefits?

• Application Types: Suitable for purchases, remortgages, and let-to-buy cases.
• Applicant Types: Open to individuals and Limited Companies.
• UK-wide Availability: Available across England, Wales, Scotland, and Northern Ireland (note: max loan £500k in NI, without free standard legals).
• No Maximum Age at Term End: Mortgage terms up to 40 years, ideal for older applicants or longer investment horizons.
• Unlimited Portfolio Lending: No cap on background properties—assessments focus on the borrowing entity, making Kensington attractive for portfolio landlords.

Special Promotions and Unique Features

• No Arrangement Fees and Free Valuation: Both specials are fee-free and include a complimentary valuation—significantly reducing upfront costs.
• Flexible Remortgage Incentives: Remortgage clients can benefit from free standard legals or a £250 cashback, adding value depending on individual needs.
• Bespoke Affordability for Core: The Core product allows High Rate Tax Payers (HRTP) to leverage lower Interest Cover Ratio (ICR) by factoring in surplus income or portfolio earnings—this can enhance borrowing power for experienced landlords.

Why Choose Kensington for Your Next Buy to Let Mortgage?

• No credit scoring and no upfront application fees, making the application process more accessible.
• Same pricing and incentives for Limited Companies as individual investors.
• Dedicated underwriter manages each case from day one, ensuring personalised support and efficient service.
• Extensive lending criteria designed for complex portfolios and diverse borrower profiles.

Conclusion

Kensington’s new buy to let specials combine attractive rates, zero fees, and generous incentives, making them a leading choice for UK landlords. Whether you’re expanding your portfolio, remortgaging, or looking for tailored lending criteria as a Limited Company, these products could help you achieve your property goals with minimal hassle and competitive terms.

Contact our expert mortgage team today for personalised advice and to check if these Kensington offers are right for you. We can guide you through the criteria, calculate costs using Kensington’s calculators, and help you maximise your mortgage options.

Frequently Asked Questions (FAQs)

• Who can apply for Kensington’s new BTL products?
  Both individual landlords and Limited Company applicants can apply, including those purchasing, remortgaging, or engaging in let-to-buy across England, Wales, Scotland, and Northern Ireland.
• How do the new rates affect affordability or monthly payments?
  The competitive 5-year fixed rates (5.19% or 5.39%) with no fees reduce overall costs and offer payment certainty for the fixed term, subject to affordability checks based on payrate or bespoke criteria.
• What remortgage incentives are on offer?
  Remortgaging landlords can choose between free standard legal services or £250 cashback, tailored to their needs (except in Northern Ireland).
• Is Kensington suitable for portfolio landlords?
  Yes, unlimited background properties are accepted, and assessment focuses on the specific entity applying, not portfolio size.
• How do I apply or check eligibility?
  Contact our mortgage advice team for a full assessment and to access calculators and product guides for the latest criteria and rates.