Kensington and Molo lower prices

Img

Kensington Mortgages has cut rates across its buy-to-let (BTL) mortgages, including its Prime, Core, and eKo products.

Rates for Kensington’s core products of up to 80% loan-to-value (LTV) and prime mortgages of up to 75% LTV have both been lowered by up to 0.20%, including for the lender’s HMO and MUB products.

The lender’s 75% LTV two-year prime rates now start at 5.73% with no fee, 5.39% with a £1,499 fee, and 4.34% with a 3% fee.

In addition, 75% LTV five-year prime rates now start at 5.49% with no fee and 5.37% with a £1,499 fee.

For prime eKo products, the lender’s 75% LTV have been reduced by up to 0.20%.

This includes two-year 75% LTV prime eKo rates at 5.68% with no fee, 5.34% with a £1,499 fee, and 4.29% with a 3% fee.

In addition, 75% five-year prime eKo rates now start at 5.44% with no fee and 5.32% with a £1,499 fee.

Kensington Mortgages commercial director Andy Bickers says: “These latest rate reductions reflect ongoing commitment to supporting landlords with competitive, flexible options.”

“By lowering rates across our Core, Prime and eKo ranges, we’re ensuring brokers and their clients have access to a broad selection of products that suit a variety of needs and property types.”

Meanwhile, Molo has trimmed prices across its UK resident, non-UK resident and expat BTL product ranges.

The lender’s UK resident BTL rates now start from 2.98% on a two-year fixed at 55% LTV, available to both individual and limited company borrowers, while five-year fixed rates start from 4.73%.

Across the specialist range, which includes HMO, MUFB, new builds and holiday lets, two-year fixed rates now begin at 3.14%, with five-year fixes from 4.89%.

Pricing for non-UK residents and expat borrowers has also been reduced, with rates starting from 4.78%.

Molo distribution director, Martin Sims comments: “In the current market, competitive pricing remains central to helping brokers deliver workable Buy-to-let solutions.”

Elsewhere, Leek Building Society has increased prices on limited company BTL products.


More From Life Style