Kensington Mortgages has reduced the rates in his living range by no less than 55 basic points and buy-to-loet (BTL) mortgages with a maximum of 155 BPS.
New rates on its residential selection offer now start from 5.29% for 65% and 75% loan-to-value (LTV), 6.09% for 90% LTV and 6.44% for 95% LTV.
For the select special rates for Residential, which offer £ 1,000 cashback, the 65% LTV of the credit giver Two Year Fixed is now available at 5.39% with £ 1,499 compensation and free rating.
Over its 95% LTV special rates, it offers 7.24% for two years, 7.14% for three years and 6.79% for five years.
All special 95% LTV rates do not include reimbursement and a free rating.
Moreover, the rates have been reduced for landlord customers in the core and prime BTL series.
Kensington’s core rates now offer 70% LTV from 3.19%, while the Prime rates offer 75% LTV from 4.39%.
Both are available for private individuals and limited companies and include identical prices and reimbursements.
Kensington Mortgages Commercial Director Andy Bickers says: “The introduction of reduced rates in our residential and BTL products has further strengthened the competitiveness of the proposition of Kensington.”
Elsewhere, Furness Building Society has lowered the rates in his entire range of homes, BTL and holidays, mortgages.
The updated range includes a fixed rate of two years at 4.55% for residential cases up to 90% LTV.
In the shared property reach, the rates now start from just 4.24%, with products that are available up to 95% loan in share (75% LTV).
Furness Building Society Head of member and broker strategy Jonathan Cartlidge states: “We know how important it is for brokers to have options for customers who need a more personal approach.”
“Whether it is a first buyer who uses shared ownership, or someone with non-standard income, our insurers take the time to understand the matter. These new rates-in all our most important product areas are a different way in which we make it easier for brokers to place those more difficult cases.”