Kensington Mortgages has made improvements to its Professionals product range and brought out 95% loan to value (LTV) special rates.
Kensington Mortgages has removed the maximum age limit of 40 at application from its Professionals range, which will permit more eligible borrowers, such as chartered accountants, actuaries, barristers, commercial pilots, dentists, doctors, and solicitors, to benefit from the range’s “enhanced affordability”.
The Professionals range goes up to 90% LTV and has two- and five-year fixed rates for purchase and remortgage.
Borrowers can secure up to six times their income subject to affordability requirements.
Kensington Mortgages has brought out a 95% LTV special rate that comes with £1,000 cashback, free valuation and no fees.
Its two-year fixed rate is priced at 7.69%, the three-year fixed rate comes to 7.39% and five-year fixed rate is 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 [that] 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.”
Kensington recently released mid-LTV products to serve borrowers who sit between the usual 5% incremental LTV bands.
TSB ups select resi rates
High street lender TSB has increased select two- and five-year first-time buyer and homemover rates by around 0.2%.
The lender has upped some of its two-year fixed first-time buyer and homemover rates between 75% and 95% loan to value (LTV) by around 0.2%.
Two-year fixed rates in this range at 75% LTV in this bracket start from 5.19%.
TSB has increased its five-year fixed rate and homemover deals from 75% to 90% LTV by up to 0.2%.
Five-year fixed rates in this range at 75% LTV will be priced from 4.79%.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
