Advice: For help with Mis Sold Mortgages and Buy to Let or Sub Prime Mortgage Compensation please call 0800 043 1683.   

 

The new products are available up to 75% LTV, with two-year fixed rates at 5.69% and thre-year fixed rates at 6.19%. The arrangement fee on these deals is 2.50%.

 

Kensington is targeting experienced landlords who already have at least two buy-to-let properties. It will allow investors to hold up to 10 properties or £2 million with Kensington.

 

Charles Morley, head of sales and product development at Kensington, said: "The private rental sector is becoming an increasingly important form of housing in this country and buy-to-let investors have played a significant role in improving quality and affordability for tenants. But tenant demand is growing and as the property market recovers, many landlords are looking to meet this demand and expand their portfolios.

 

"Kensington’s buy-to-let products are designed to help those landlords who have an appetite to increase their investment, with competitive fixed rates available up to 75% LTV. We’ll also allow investors to hold up to 10 properties, or £2 million, with Kensington, which provides considerable opportunity for them to expand their investment."

Source: Best Advice