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Wednesday, May 19, 2010

Kensington keen to expand

Kensington Mortgages a specialist mortgage provider owned by Investec has re-entered the buy-to-let mortgage market with the aim of targeting existing landlords keen to expand their buy-to-let portfolios.

Their new buy-to-let mortgages are available with two-year fixed-rates starting at 5.69 per cent and three-year fixed-rates starting at 6.19 per cent, with loan-to-values of up to 75 per cent. The arrangement fee for the products is 2.5 per cent.

The company says it is targeting landlords who already own at least two buy-to-let properties, and allows investors to hold up to 10 properties or £2m with Kensington.


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