Mis-sold Mortgage Claims > Mortgage News
Kensington overhauls mortgage range
Tue, 19 Apr 2011
Lender Kensington has announced an overhaul of its mortgage products, which includes the addition of a new first-time buyer range.

As part of the new first-time buyer offerings, Kensington has extended its maximum loan-to-value (LTV) to 85 per cent.

This is available on a two-year fixed rate deal at 5.69 per cent, while a 4.79 per cent rate can be obtained for a two-year fixed mortgage of up to 75 per cent LTV.

The first-time buyer loans also include a lower arrangement fee of £699.

Charles Morley, head of sales and product development at Kensington, said the new range was suited to first-time buyers who may not have extensive credit histories.

"At Kensington we make lending decisions based on a customer not a credit score and because we use an experienced team of underwriters alongside our technology, we are able to consider all of an applicant's circumstances even if they do not have a significant file of historic activity with the credit rating agencies," he said.

It follows the news that buy-to-let specialist Mortgage Trust is returning to lending after closing its books in September 2008.
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