Kensington bucks the trend with market leading fixed rates

Kensington is bucking the market trend by reducing its Near Prime fixed rate deals in a summer promotion that clearly signals its more aggressive intentions under new parentage.

It is also holding the fixed rates on its Prime range.

The pioneering specialist lender is offering Near Prime fixed rates from as little as 5.94% and has resisted market trends by holding the price on all of its fixed rate Prime Buy to Let and Prime Self-Cert products.

As part of Kensington’s ‘late summer special’, market leading 3-year Near Prime fixed rates are available from 5.94% up to 70% LTV, from 6.03% up to 80% LTV, 6.29% up to 85% LTV and 6.44% up to 90% LTV. While Near Prime two-year fixed rates are available from 6.39%.

Given the recent environment of increasing swap rates and market nervousness about the prospect of another Bank Base Rate rise this year, these cut-price products are available for a limited time only and are available both direct to brokers and through packagers, ensuring that all intermediaries can benefit from Kensington’s fantastic products, no matter how they choose to do business with the lender.

Ian Giles, Director of Marketing at Kensington, said: “5.94 for a 3-year Near Prime fixed rate in today’s environment is a fantastic bargain and evidence that Kensington is willing to buck the trend to give our customers what they want, either direct or via our packager partners. These great products will only be available for a limited period but they mark the shape of things to come. The market can expect more from Kensington.”