Kensington launches new buy-to-let mortgages
Tuesday, 08 February 2011 05:01
A new array of mortgages aimed at landlords has been launched by Kensington.
The buy-to-let products, which offer lending at up to 85 per cent loan-to-value and fixed rates starting at 5.24 per cent, are designed to be ideal for new landlords and experienced property owners alike.
"These new products are the first signal of our intent to become the lender of choice in the intermediary mortgage market," remarked head of sales and product development at Kensington Charles Morley.
Required rental cover for the products - which are all two-year fixed-rate deals - has been reduced to 120 per cent, thanks, Mr Morley stated, to the firm looking at more than just a credit score when assessing applications.
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