Kensington Cuts Residential Mortgage Rates Across Select Ranges: Flexible Criteria & New Incentives

Introduction: Kensington’s Newest Mortgage Rate Reductions

Kensington, one of the UK’s specialist mortgage lenders, has announced significant rate reductions of up to 0.66% (66bps) across their Residential Select product ranges. Known for helping borrowers who may not fit typical high-street lending criteria, Kensington’s latest update aims to make homeownership or remortgaging more accessible.

Key Mortgage Rate Reductions and Product Highlights

• Rate reductions apply to Select, Hero, Professionals, and eKo product ranges.
• Free valuation for purchase and remortgage on no-fee products.
• £250 cashback or free standard legals for remortgage customers.

New headline rates (all products with £1,499 fee):

• 75% LTV: 2-year fixed at 4.93% — 5-year fixed at 4.84%
• 85% LTV: 2-year fixed at 5.28% — 5-year fixed at 5.18%
• 90% LTV: 2-year fixed at 5.79% — 5-year fixed at 5.57%
• 95% LTV: 2-year fixed at 6.19% — 5-year fixed at 5.99%

These reductions place Kensington as a competitive alternative for borrowers who may not meet standard high-street criteria.

Updated Lending Criteria: Flexible Solutions for Complex Cases

• Defaults, secured arrears, and satisfied CCJs considered if older than 36 months.
• Unsecured credit is accepted with a maximum status of up to 2 missed payments in the past 12 months, provided the account is now up to date.
• Debt Management Plans (DMPs) considered if there’s a proven track record of 12 months.

This flexibility makes Kensington’s Select range ideal for:

• Borrowers with historic adverse credit
• Applicants recovering from prior financial issues
• First-time buyers, home movers, and those remortgaging with non-standard credit backgrounds

Special Offers and Product Incentives

• Free valuation on purchase and remortgage for no-fee products
• £250 cashback or free standard legals available for remortgage cases
• No upfront application fees and no credit scoring
• £1,000 cashback on selected residential products
• Mandated underwriter assigned from day one — offering tailored service and quick turnaround

Northern Ireland: Maximum LTV of 80% and loan size up to £500k. The free legals incentive is not available in Northern Ireland.

Why Consider Kensington for Your Mortgage?

• Flexible lending criteria beyond mainstream banks, supporting complex credit backgrounds
• Range of product choices for first-time buyers, professionals, remortgagers, and property movers
• Competitive fixed-rate products following these recent rate cuts
• Upfront transparency — no initial application fees or hidden costs
• Personalised support from an assigned underwriter throughout your case

Kensington’s approach opens up mortgage options for many who are often excluded by high-street lenders, especially after temporary credit blips or current debt management arrangements.

Find Out More or Get Advice

If you’re considering a mortgage with a less-than-perfect credit history, Kensington’s flexible criteria and new, lower rates could make all the difference. Contact our expert mortgage advisors today for personalised guidance and to check your eligibility.

• View Kensington’s Residential Product Guide
• Mortgage Calculators
• View Lending Criteria

FAQs – Kensington’s Latest Mortgage Updates

• Who can qualify for Kensington’s Select mortgage range?
  Borrowers with historic adverse credit, including defaults, satisfied CCJs over 36 months, or on active DMPs with 12 months’ track record, may be considered.
• How do these new rates impact monthly repayments?
  Lower fixed rates can reduce your monthly costs compared to previous products. Use Kensington’s calculators or get advice for exact figures.
• Is Kensington suitable for debt consolidation or remortgage?
  Yes, especially if you have had prior credit issues. Incentives like cashback or free legals are available for remortgage customers.
• Can first-time buyers with non-standard credit apply?
  Yes, first-time buyers and home movers with complex credit may benefit from Kensington’s flexible criteria and new rates.
• How can I check my eligibility or start an application?
  Contact our mortgage advisors, or use the official Kensington guides and calculators to review options specific to your circumstances.