Increase your flexibility with Kensington

Thursday 23 March 2006

Kensington Mortgages has today enhanced its Choices product range by adding a flexible buy-to-let product.

Available on both a purchase and remortgage basis at up to 90 per cent loan to value, the deal offers a choice of fixed or discounted rates over two or three years.

The two-year fixed and discounted rates begin from 6.04 per cent and the three-year fixed rates commence at a level of 5.94 per cent.

A flexible facility on the range allows borrowers to overpay to save interest and draw down a sum from that overpayment for emergencies or repairs.

Payment holidays and underpayments will also be permitted in the event of rental voids.

"Confidence in the buy-to-let market is on the increase again, after 18 months of uncertainty. There is a strong rental sector as first time buyers are finding it hard to get onto the property ladder," said Ian Giles, director of marketing for Kensington.

All adverse credit situations will be considered for the buy-to-let options, which have no higher lending charge or early repayment charge overhangs.


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Increase your flexibility with Kensington