Kensington Mortgages

Kensington introduces new Help to Buy range



Kensington Mortgages has launched a new Help to Buy range to support the government’s equity loan scheme for new-build properties..

The products are aimed at first-time buyers and home movers in England and Wales who have deposits of at least 5% to buy a new-build home.

For two-, three- and five-year fixed rate mortgage products, rates start from 3.64% at 75% LTV, with free valuations and no interest payable for the first five years on equity loans.

The maximum loan amount will be driven by the maximum property value available on the Help to Buy scheme, which is currently £600,000 for England and £300,000 for Wales.

Steve Griffiths, director of sales and distribution at the Northview Group, said: “Last month, Kensington announced its intention to enter the Help to Buy market, and as a lender that is dedicated to helping customers with complex circumstances, we are very pleased to announce that our products are now live.

“The government’s Help to Buy scheme is fundamental in helping many first-time buyers take their first steps on to the property ladder.

“However, while standard borrowers can easily access these loans from the high street, it’s also important that the specialist market improves the choice of Help to Buy mortgages for borrowers with complex sources of income.

“This is precisely why Kensington has launched this range today, giving customers both improved choice and a highly competitive deal when buying a new-build property.”

Kensington has also updated its residential new-build range with new five-year fixed rates starting from 3.74% at 75% LTV.


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