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Exclusive Kensington Buy to Let rate

Published: July 01, 2008

Kensington Mortgages has today announced a new buy to let rate. The scheme is priced at 6.99% and is available exclusively through brokers who are able to submit business via Solent Mortgage Services.

The scheme is a three year fixed rate and is available on a limited, first come first served basis. The scheme is available for buy to let purchases and remortgages and is available up to 85% of the property value. A rental coverage requirement of just 110% means that the rent needs to be just £640 per month to justify a mortgage of £100,000. There is a completion fee of 2.5%, but this can be added to the loan if required.

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