Kensington Mortgages enhances Professionals range with improved affordability
“By removing the age limit for applications and introducing new special rates, we hope to enable more borrowers to benefit from the affordability advantages which the range can offer”
– Vicki Harris – Kensington Mortgages
Kensington Mortgages has announced that it has made improvements to its Professionals product range and launched new 95% LTV special rates.
Professionals range
According to the lender, it has removed the maximum age limit of 40 at application from its Professionals mortgages. The change will allow more eligible borrowers – including chartered accountants, actuaries, barristers, commercial pilots, dentists, doctors, and solicitors – to benefit from the enhanced affordability offered by the product.
The Professionals range includes up to 90% LTV, both two- and five-year fixed rate options, and is available to purchase as well as remortgage customers. Eligible borrowers, such as dentists, doctors, chartered accountants, and more, can borrow from up to six times their income, subject to overall affordability.
Special rates
Kensington is also releasing two 90% LTV special rates for its Professionals customers. These include a two-year fixed rate with a rate of 7.19% and no fee and a five-year fixed rate with 6.79% and no fee.
Separately, Kensington is now offering new 95% LTV special rates, which include £1,000 cashback, free valuation, and no fees. These include a two-year fixed rate with a rate of 7.69%, a three-year fixed rate with 7.39%, and a five-year fixed rate with 7.19%.
Vicki Harris, Chief Commercial Officer at Kensington Mortgages, said: “We are thrilled to now be offering our Professionals product range to more customers.
“By removing the age limit for applications and introducing new special rates, we hope to enable more borrowers to benefit from the affordability advantages which the range can offer.
“Along with the launch of our new 95% LTV special rates, these latest changes to our offering mark a continuation of our efforts to provide more options for borrowers while maintaining market-leading service standards, including exceptional service times.”
