Kensington Withdraws Select Mortgage Products and Increases Maximum Loan Size: Key Criteria Updates for UK Borrowers

Important Product Withdrawals and Policy Changes from Kensington Mortgages

Kensington Mortgages, one of the UK’s specialist mortgage lenders, has announced significant updates to its residential and buy to let (BTL) product range effective from the close of business on Tuesday 16th September. The lender is withdrawing several fixed-rate products, revising criteria for its loan offerings, and increasing the maximum loan size for selected residential mortgages. These changes may affect residential borrowers, buy to let landlords, and investors currently considering a mortgage or remortgage with Kensington.

What’s Changing? – Residential and Buy to Let Mortgage Updates

Withdrawn Residential Products

• All Residential Select and Core 3-year fixed rates with no fees are being withdrawn from the Kensington product catalogue. Borrowers seeking a medium-term fixed rate with no product fees will need to act swiftly or consider alternative options.

Withdrawn Buy to Let Products (up to 75% LTV)

• 5 year BTL Prime, 5.12%, no fee
• 5 year BTL Core, 5.29%, no fee (includes eKo £500 Reward)
• 2 year BTL Core, 3.89%, 3% fee
• 2 year BTL Core, 5.54%, no fee (includes eKo £500 Reward)

These withdrawn products remove some competitive choices for landlords and portfolio investors seeking no-fee or reward-based buy to let solutions with Kensington.

Criteria Update: Increased Maximum Loan Size for Residential Borrowers

In addition to product withdrawals, Kensington is increasing the maximum loan size on its Select range residential mortgages to £2 million for loans at 80% LTV. This update is likely to appeal to higher-value property purchasers and those looking to borrow larger sums while maintaining an 80% loan-to-value ratio.

Who Benefits?

• Property buyers seeking higher-value homes but wishing to keep deposit requirements manageable.
• Remortgagers with substantial equity wanting to restructure larger mortgage balances at competitive rates.

Application Deadline: Don’t Miss Out on Existing Products

If you want to secure any of the products being withdrawn, you must:

• Ensure all Decision in Principle (DIP) data is accurately entered and advance to the first page of the Full Mortgage Application by 5pm, Tuesday 16th September.
• Submit the completed Full Mortgage Application by 5pm, Tuesday 23rd September.

Products not fully secured by these deadlines will no longer be available, so it is vital to act promptly if these products match your needs.

Why Consider Kensington Mortgages?

• Flexible lending criteria—Kensington is well known for their focus on borrowers who may not fit mainstream lender profiles, including self-employed applicants or those with complex income.
• Specialist buy to let options—often favoured by portfolio landlords and investors seeking individually considered cases.
• Unique features—such as eKo Rewards for certain BTL products, previously offering cash incentives.
• Higher maximum loan sizes on Select range—now up to £2 million for residential mortgages at 80% LTV.

Need Advice on Kensington’s Product Changes?

If you’re unsure how these updates affect your application or want to find the best mortgage rates and lending criteria for your circumstances, our team of expert mortgage advisors is here to help. Contact us today for up-to-date guidance, product availability, and tailored solutions for your property goals.

Useful Links

• Kensington Mortgages – Official Site
• Buy to Let Product Guide
• Residential Product Guide

FAQs: Kensington Mortgage Update

• Who can benefit from Kensington’s increased maximum loan size?
  Borrowers needing larger loans (up to £2m at 80% LTV) for residential property can now access higher financing through Kensington’s Select range.
• Which Kensington products are being withdrawn?
  All Residential Select and Core 3yr fixed (no fee) and several BTL products (see above) are being withdrawn after the stated deadlines.
• How do the changes affect buy to let landlords?
  Fewer no-fee BTL and eKo Reward options at 75% LTV may limit choice for landlords, but other competitive BTL products remain.
• What is the application deadline for withdrawn products?
  All DIP data must be confirmed and advanced by 5pm, 16th September, and a Full Mortgage Application completed by 5pm, 23rd September.
• How can I check my eligibility or apply?
  Contact our mortgage advisors for a free assessment or use the online application tools via Kensington’s website or our brokerage service.