Specialist lender Kensington Mortgage Company launched seven new mortgages today. The new produ...
Specialist lender Kensington Mortgage Company launched seven new mortgages today. The new product range, which compliments Kensington's existing fixed rate product range, is aimed at borrowers who may have failed the credit score rating criteria set by traditional high street mortgage lenders, but who are not regarded as sub-prime borrowers.
Interest rates are from 5.99% p.a. for new purchases and from 6.49% p.a. for re-mortgages, fixed until 1 January 2003. A 5.99% special fixed rate is available for borrowers with minor credit problems until 1 January 2003 and for those wishing to buy a property for letting, a new 85% loan-to-value Residential Investment Mortgage is available for the first time.
John Maltby, Chief Executive of Kensington Mortgages commented: "We are committed to meeting the needs of borrowers in the non-conforming market and following feedback on our existing product range and market demands, we have responded by developing products that will appeal to a wider cross section of people, while also retaining our commitment to providing individual service to customers and a simplified pricing structure."
The new fixed rate mortgages are available via MCCB registered brokers, or direct from Kensington by calling 0808 100 4 114.
Clarke replacing Balkham
'Deep-dive analysis of client behaviour'
Ways to mitigate April’s increases
The best equity income funds examined