Bridge-to-let btl stamp duty holiday
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Kensington Mortgages has resumed 80% loan-to-value (LTV) lending across its residential Select, Core, Young Professional and Heroes ranges, as well as relaunching Help To Buy and buy-to-let (BTL) purchase applications across England.

On Kensington’s Select, Heroes and Young Professional range, rates start from 4.49% for a 2-year fix at 80% LTV and 4.64% for a 5-year fix rate.

There is a maximum loan amount of £750,000 on the Select range, and £500,000 for Core, Right to Buy and BTL products.

Kensington Mortgages has also relaunched its Help to Buy offering and reinstated new-build applications.

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Rates start from 4.54% for a 2-year fix at 75% LTV.

In England, now that physical valuations can take place, BTL purchase applications have been resumed.

Last month, Kensington relaunched BTL remortgage cases; the same rates apply for new purchase applications.

Rates start from 4.49% for a 2-year fix at 75% LTV and 4.69% for a 5-year fix.

Craig McKinlay (pictured), new business director at Kensington Mortgages, said: “We’re excited to introduce 80% LTV across some of our most well-known product ranges and relaunch Help to Buy in the hope that we can try to provide options for those wishing to step onto the property ladder.

“Over the last few months we have experienced an industry-wide unprecedented challenge, and lenders have been working hard to reintroduce product ranges to try and help boost the market.

“We hope these new updates provide our brokers and customers with accessible funding options and greater choice and for those that can restart their housing plans again, we are here to help.”

By Jessica Bird

Source: Mortgage Introducer

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