Here is the latest release from Kensington. Remember we offer these products via Fees Free Packaging or direct to lender. For product details see their Residential Product Guide or their BTL Product Guide.
Flexi Fixed for Term has arrived
Flexi Fixed for Term is a next gen mortgage that offers your clients the chance to fix their mortgage from 11 years all the way up to 40 years, and pay a fixed monthly payment that will never change.
The key benefits:
- Up to 95% LTV for purchase and up to 85% LTV for remortgages.
- Greater borrowing power – affordability based on the fixed term, not on a future variable stressed rate.
- Portability – if your client moves, the mortgage can move with them.
- Overpay by 10% from Day 1.
- Flexible ERCs and none to pay for life events or property sale.
Eloise Hall and Craig McKinlay will be hosting a special Flexi Fixed for Term criteria webinar on 9th December, from 10-10.30am.
We’re expecting interest in this webinar to be high, so please register today to book your space and earn 30 minutes CPD. In the meantime, you can find out more information on our dedicated landing and FAQ pages or contact your local BDM.
Important Product Updates
We’re pleased to announce that from today we have further increased our product offering so you can help even more of your clients.
Residential:
- Right to Buy is back! With rates starting from 4.29% for a 2 years fixed term, including free valuations.
- Introducing a new assisted deposit product initially supporting the Proportunity equity loan scheme, with rates on 5 years fix at 3.99% with £999 fee.
- Updates to our Young Professionals range. We’ve increased the maximum loan amount to £1 million AND added rates to 90% LTV for both 2 and 5 years fixed terms. Starting at 4.69% for a 2 years fixed term, with a £1,299 fee.
- Plus…Great news for our Core range. We’ve increased our LTV back up to 90%! For your clients with defaults, Secured Loan Arrears or Satisfied CCJs older than 24 months. Rates from 5.09% for a 2 years fixed term, £1,299 fee.
BTL (Including Limited Company)
- eKo £1,000 Cashback Mortgage AND the New Build eKo Reward mortgage ranges both back up to 85% LTV, starting from 5.79% for 2 years fixed.
- 85% LTV no fee option reintroduced. Rates from 5.79% for 2 years fixed term.
NEW – long term fixed products
Fix your clients’ payments for 10 years at 90% LTV for Residential and 85% LTV for BTL, with a £1,999 fee:
- Resi 4.99%.
- BTL (including Limited Company) 5.59%.
Flexi Fixed for Term, even more products available LTV now from 60% for fixed terms from 16-40 years, rates from 2.84% with £1,499 fee.