Kensington Reduces Shared Ownership 95% LTV Rates: New Fixed Rate Mortgages and Flexible Criteria for 2025

Kensington Mortgages, a leading specialist in the UK lending market, has announced significant rate reductions for Shared Ownership mortgages at 95% loan-to-value (LTV). This update offers new opportunities for those looking to step onto the property ladder – particularly first-time buyers and those with limited deposits or complex credit backgrounds. Here’s what you need to know about the latest mortgage rate updates and why Kensington may be the right choice for your next move.

Latest Kensington Shared Ownership Mortgage Rates: 95% LTV Reductions

For Shared Ownership applicants in England and Wales, Kensington has slashed 95% LTV fixed rates by up to 120 basis points (bps). The key highlights for new applicants include:

• 2-Year Fixed Rate at 95% LTV: 5.99%
• 5-Year Fixed Rate at 95% LTV: 5.69%
• No application fee and free property valuation included

These revised rates put Kensington among the more competitive specialist lenders for Shared Ownership, offering stability and value for applicants with smaller deposits.

Kensington’s Lending Criteria: More Inclusive Options for Challenging Credit

Kensington stands out for its flexible approach to credit histories, making its products accessible to a broader range of borrowers:

• Defaults, secured arrears, and satisfied County Court Judgments (CCJs) considered if over 36 months old
• Unsecured credit issues allowed if status is no worse than 2 in the last 12 months and the account is now up to date
• Debt Management Plans (DMPs) permitted if there is at least a 12-month track record of payments

Applicants with historic credit issues, yet now financially stable, may find it easier to secure a mortgage with Kensington compared to mainstream lenders.

Special Promotion: Free Valuation, No App Fee, and Cashback Incentive

Alongside competitive rates, Kensington offers practical incentives to ease upfront costs and add value for homebuyers:

• No upfront application fees for all Shared Ownership mortgages
• Free valuation on new applications
• £1,000 cashback on selected residential products (terms apply)

Combined, these features can lower your overall moving costs and support affordability, especially for first-time buyers working with limited savings.

Why Choose Kensington for Your UK Mortgage?

Kensington sets itself apart through

• No reliance on automated credit scoring – every application is assessed by an experienced underwriter from start to finish
• Upfront cost savings thanks to no application fees and free valuations
• Inclusive lending criteria suited for borrowers with complex income or previous credit issues
• View full product guide or use the affordability calculator for more details

This commitment to personal service and flexible lending has made Kensington a popular choice for Shared Ownership, self-employed, and credit-impaired applicants alike.

Is a Kensington Shared Ownership Mortgage Right for You?

If you are considering your first home, have a small deposit, or have had credit issues in the past, Kensington’s new 95% LTV Shared Ownership rates and flexible criteria could be a route onto the property ladder. Their specialist underwriting approach also benefits those whose financial profile may not fit traditional lending requirements.

Speak to Our Mortgage Team

Unsure which mortgage option is right for your situation? Our expert advisers are here to help you compare rates, check your eligibility, and guide you through the application process. Contact us today for free, impartial mortgage advice tailored to your needs.

FAQs: Kensington Shared Ownership Mortgage Update

• Who qualifies for Kensington’s 95% LTV Shared Ownership mortgage?
  Applicants must be purchasing through Shared Ownership in England or Wales, with a deposit of at least 5%. Flexible on historic credit issues and DMPs with solid recent payment history.
• How do these rate changes affect my monthly repayments?
  Reduced rates could lower your monthly mortgage payments, especially on higher LTV borrowing. Use Kensington’s Affordability Calculator to estimate costs.
• Can I apply if I have a debt management plan or past credit issues?
  Yes—Kensington considers applicants with satisfied CCJs over 36 months old, lesser unsecured issues, and DMPs with at least 12 months’ good payment history.
• Is Kensington right for buy-to-let investors?
  This current update focuses on Shared Ownership residential products. For buy-to-let, check Kensington’s criteria separately or speak to an adviser.
• How can I check eligibility or start my application?
  Contact our mortgage team for a personalised eligibility check or use the provided product guide and calculator links for more detail.