Please check our website to ensure that this is the most up to date
product guide.
THE RANGE:
CORE
CORE - LIMITED COMPANY
CORE TRACKERS
PROPERTY PLUS
SPECIALIST (HMO / MUB)
EKO
EKO REWARD
Kensington review the Kensington Standard Rate (KSR) Quarterly. The current KSR rate is 5.00%.
This rate is set as of the 10th September 2024 and effective from the 1st October 2024 (all new mortgage application
documentation is reflected with this rate from 11th September 2024). KSR is set using Bank of England base rate (BBR,
the ’external rate’); KSR will never be more than 1% above the external rate, and will never be lower than the external rate
(or 0%, whichever is the greater) at the time of reset.
THIS INFORMATION IS FOR INTERMEDIARIES ONLY
Kensington and Kensington Mortgages are trading names of Kensington Mortgage Company Limited. Registered in
England & Wales: Company No. 03049877. Registered address: Ascot House, Maidenhead Office Park, Maidenhead SL6
3QQ. Kensington Mortgage Company Limited is authorised and regulated by the Financial Conduct Authority (Firm
Reference No. 310336). Some investment mortgage contracts are not regulated by the FCA.
BUY TO LET LENDING
11th September 2024
When choosing the right mortgage for your client, bear in mind that whilst their circumstances and location
are pivotal, the product itself is also very important - sometimes a product with a lower reversion rate or longer
initial fixed rate can enhance your client’s loan size.
Product Category
Credit
Criteria *
Initial Period
Interest
Rate
Completion
Fee
Min Loan Max Loan** LTV**
Product
Code
Product Name Loan Purpose Incentives** Cashback
Reversion
Margin (above
KSR)
BTL Core - Special Core 2 Years Fixed 3.89 5.00% £25,000 £750,000 70 082400156 Core, 70, 2, 3.89, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Special Core 5 Year Fixed 5.79 0 £25,000 £750,000 70 072400031 Core, 70, 5, 5.79, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Special Core 2 Year Fixed 6.39 0 £25,000 £750,000 70 072400029 Core, 70, 2, 6.39, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Special Core 2 Years Fixed 3.99 5.00% £25,000 £750,000 75 082400303 Core, 75, 2, 3.99, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Special Core 1 Year Fixed 4.49 2.00% £25,000 £750,000 75 082400012 Core, 75, 1, 4.49 Purchase, Remortgage None £0 2.50
BTL Core - Special Core 5 Years Fixed 4.59 5.00% £25,000 £750,000 75 082400188 Core, 75, 5, 4.59, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Special Core 2 Years Fixed 4.69 3.00% £25,000 £750,000 75 082400192 Core, 75, 2, 4.69, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Special Core 5 Years Fixed 4.79 3.00% £25,000 £750,000 75 082400190 Core, 75, 5, 4.79, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Special Core 2 Year Fixed 5.44 £4000 £25,000 £750,000 75 072400027 Core, 75, 2, 5.44, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core Core 3 Year Fixed 5.49 2.00% £25,000 £750,000 75 062400091 Core, 75, 3, 5.49 Purchase, Remortgage None £0 2.50
BTL Core Core 5 Year Fixed 5.50 £1999 £25,000 £750,000 75 082400007 Core, 75, 5, 5.5 Purchase, Remortgage None £0 2.50
BTL Core Core 5 Year Fixed 5.59 2.00% £25,000 £750,000 75 042400072 Core, 75, 5, 5.59 Purchase, Remortgage None £0 2.50
BTL Core Core 2 Year Fixed 5.59 2.00% £25,000 £750,000 75 082400001 Core, 75, 2, 5.59 Purchase, Remortgage None £0 2.50
BTL Core Core 3 Year Fixed 5.69 £1999 £25,000 £750,000 75 062400093 Core, 75, 3, 5.69 Purchase, Remortgage None £0 2.50
BTL Core Core 2 Year Fixed 5.99 £1999 £25,000 £750,000 75 062400063 Core, 75, 2, 5.99 Purchase, Remortgage None £0 2.50
BTL Core Core 5 Year Fixed 6.64 0 £25,000 £750,000 75 042400083 Core, 75, 5, 6.64, FV Purchase Free Vals £0 2.50
BTL Core Core 5 Year Fixed 6.64 0 £25,000 £500,000 75 042400084 Core, 75, 5, 6.64, FLFV Remortgage Free Vals, Free Legals £0 2.50
BTL Core Core 5 Year Fixed 6.64 0 £25,000 £750,000 75 042400085 Core, 75, 5, 6.64, FVCB250 Remortgage Free Vals £250 2.50
BTL Core Core 2 Year Fixed 6.79 0 £25,000 £750,000 75 062400024 Core, 75, 2, 6.79, FV Purchase Free Vals £0 2.50
BTL Core Core 2 Year Fixed 6.79 0 £25,000 £500,000 75 062400025 Core, 75, 2, 6.79, FLFV Remortgage Free Vals, Free Legals £0 2.50
BTL Core Core 2 Year Fixed 6.79 0 £25,000 £750,000 75 062400026 Core, 75, 2, 6.79, FVCB250 Remortgage Free Vals £250 2.50
BTL Core - Special Core 1 Year Fixed 4.94 2.00% £25,000 £750,000 80 082400014 Core, 80, 1, 4.94 Purchase, Remortgage None £0 2.50
BTL Core Core 5 Year Fixed 6.05 2.00% £25,000 £750,000 80 082400005 Core, 80, 5, 6.05 Purchase, Remortgage None £0 2.50
BTL Core Core 2 Year Fixed 6.19 2.00% £25,000 £750,000 80 082400003 Core, 80, 2, 6.19 Purchase, Remortgage None £0 2.50
BTL Core Core 5 Year Fixed 6.24 £1999 £25,000 £750,000 80 062400067 Core, 80, 5, 6.24 Purchase, Remortgage None £0 2.50
BTL Core Core 2 Year Fixed 6.44 £1999 £25,000 £750,000 80 062400065 Core, 80, 2, 6.44 Purchase, Remortgage None £0 2.50
BTL Core Core 5 Year Fixed 7.14 0 £25,000 £750,000 80 062400034 Core, 80, 5, 7.14, FV Purchase Free Vals £0 2.50
BTL Core Core 5 Year Fixed 7.14 0 £25,000 £500,000 80 062400035 Core, 80, 5, 7.14, FLFV Remortgage Free Vals, Free Legals £0 2.50
BTL Core Core 5 Year Fixed 7.14 0 £25,000 £750,000 80 062400036 Core, 80, 5, 7.14, FVCB250 Remortgage Free Vals £250 2.50
BTL Core Core 2 Year Fixed 7.34 0 £25,000 £750,000 80 062400029 Core, 80, 2, 7.34, FV Purchase Free Vals £0 2.50
BTL Core Core 2 Year Fixed 7.34 0 £25,000 £500,000 80 062400030 Core, 80, 2, 7.34, FLFV Remortgage Free Vals, Free Legals £0 2.50
BTL Core Core 2 Year Fixed 7.34 0 £25,000 £750,000 80 062400031 Core, 80, 2, 7.34, FVCB250 Remortgage Free Vals £250 2.50
Buy to Let: For your individual landlords
• Minimum loan; £25,000
• Maximum loan; £750,000 (unless stated)
* See Credit Criteria page for full details
** Northern Ireland currently capped at 80% LTV and £500,000 maximum loan amount. Free legals incentive not currently available in Northern Ireland.
BUY TO LET PRODUCTS - CORE
Buy to Let - Core
Product Category
Credit
Criteria *
Initial Period
Interest
Rate
Completion
Fee
Min Loan Max Loan** LTV**
Product
Code
Product Name Loan Purpose Incentives** Cashback
Reversion
Margin (above
KSR)
BTL Core - Ltd Co. - Special Core 2 Years Fixed 3.89 5.00% £25,000 £750,000 70 082400157 Core, 70, 2, 3.89, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Ltd Co. - Special Core 5 Year Fixed 5.79 0 £25,000 £750,000 70 072400032 Core, 70, 5, 5.79, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Ltd Co. - Special Core 2 Year Fixed 6.39 0 £25,000 £750,000 70 072400030 Core, 70, 2, 6.39, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Ltd Co. - Special Core 2 Years Fixed 3.99 5.00% £25,000 £750,000 75 082400304 Core, 75, 2, 3.99, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Ltd Co. - Special Core 1 Year Fixed 4.49 2.00% £25,000 £750,000 75 082400013 Core, 75, 1, 4.49 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. - Special Core 5 Years Fixed 4.59 5.00% £25,000 £750,000 75 082400189 Core, 75, 5, 4.59, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Ltd Co. - Special Core 2 Years Fixed 4.69 3.00% £25,000 £750,000 75 082400193 Core, 75, 2, 4.69, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Ltd Co. - Special Core 5 Years Fixed 4.79 3.00% £25,000 £750,000 75 082400191 Core, 75, 5, 4.79, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Ltd Co. - Special Core 2 Year Fixed 5.44 £4000 £25,000 £750,000 75 072400028 Core, 75, 2, 5.44, FV Purchase, Remortgage Free Vals £0 2.50
BTL Core - Ltd Co. Core 3 Year Fixed 5.49 2.00% £25,000 £750,000 75 062400092 Core, 75, 3, 5.49 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. Core 5 Year Fixed 5.50 £1999 £25,000 £750,000 75 082400008 Core, 75, 5, 5.5 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. Core 5 Year Fixed 5.59 2.00% £25,000 £750,000 75 042400073 Core, 75, 5, 5.59 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. Core 2 Year Fixed 5.59 2.00% £25,000 £750,000 75 082400002 Core, 75, 2, 5.59 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. Core 3 Year Fixed 5.69 £1999 £25,000 £750,000 75 062400094 Core, 75, 3, 5.69 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. Core 2 Year Fixed 5.99 £1999 £25,000 £750,000 75 062400064 Core, 75, 2, 5.99 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. Core 5 Year Fixed 6.64 0 £25,000 £750,000 75 042400086 Core, 75, 5, 6.64, FV Purchase Free Vals £0 2.50
BTL Core - Ltd Co. Core 5 Year Fixed 6.64 0 £25,000 £750,000 75 042400087 Core, 75, 5, 6.64, FVCB250 Remortgage Free Vals £250 2.50
BTL Core - Ltd Co. Core 2 Year Fixed 6.79 0 £25,000 £750,000 75 062400027 Core, 75, 2, 6.79, FV Purchase Free Vals £0 2.50
BTL Core - Ltd Co. Core 2 Year Fixed 6.79 0 £25,000 £750,000 75 062400028 Core, 75, 2, 6.79, FVCB250 Remortgage Free Vals £250 2.50
BTL Core - Ltd Co. - Special Core 1 Year Fixed 4.94 2.00% £25,000 £750,000 80 082400015 Core, 80, 1, 4.94 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. Core 5 Year Fixed 6.05 2.00% £25,000 £750,000 80 082400006 Core, 80, 5, 6.05 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. Core 2 Year Fixed 6.19 2.00% £25,000 £750,000 80 082400004 Core, 80, 2, 6.19 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. Core 5 Year Fixed 6.24 £1999 £25,000 £750,000 80 062400068 Core, 80, 5, 6.24 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. Core 2 Year Fixed 6.44 £1999 £25,000 £750,000 80 062400066 Core, 80, 2, 6.44 Purchase, Remortgage None £0 2.50
BTL Core - Ltd Co. Core 5 Year Fixed 7.14 0 £25,000 £750,000 80 062400037 Core, 80, 5, 7.14, FV Purchase Free Vals £0 2.50
BTL Core - Ltd Co. Core 5 Year Fixed 7.14 0 £25,000 £750,000 80 062400038 Core, 80, 5, 7.14, FVCB250 Remortgage Free Vals £250 2.50
BTL Core - Ltd Co. Core 2 Year Fixed 7.34 0 £25,000 £750,000 80 062400032 Core, 80, 2, 7.34, FV Purchase Free Vals £0 2.50
BTL Core - Ltd Co. Core 2 Year Fixed 7.34 0 £25,000 £750,000 80 062400033 Core, 80, 2, 7.34, FVCB250 Remortgage Free Vals £250 2.50
Buy to Let: For your limited company landlords
• Minimum loan; £25,000
• Maximum loan; £750,000 (unless stated)
* See Credit Criteria page for full details
** Northern Ireland currently capped at 80% LTV and £500,000 maximum loan amount. Free legals incentive not currently available in Northern Ireland.
BUY TO LET PRODUCTS - CORE LIMITED COMPANY
Buy to Let - Core Limited Company
Product Category
Credit
Criteria *
Initial Period Interest Rate
Completion
Fee
Min Loan Max Loan** LTV**
Product
Code
Product Name Loan Purpose Incentives** Cashback
Reversion
Margin
(above
KSR)
BTL Core - Special Core
2 Year Tracker 5.94 (KSR + 0.94%) 3.00% £25,000 £750,000 75 022400301 Core Track, 75, 2, 0.94, FV Purchase Free Vals £0 2.50
BTL Core Core
2 Year Tracker 6.63 (KSR + 1.63%) £1999 £25,000 £750,000 80 022400303 Core Track, 80, 2, 1.63, FV Purchase Free Vals £0 2.50
BTL Core - Ltd Co. -
Special
Core
2 Year Tracker 5.94 (KSR + 0.94%) 3.00% £25,000 £750,000 75 022400302 Core Track, 75, 2, 0.94, FV Purchase Free Vals £0 2.50
BTL Core - Ltd Co. Core
2 Year Tracker 6.63 (KSR + 1.63%) £1999 £25,000 £750,000 80 022400304 Core Track, 80, 2, 1.63, FV Purchase Free Vals £0 2.50
BUY TO LET PRODUCTS - CORE TRACKER
Buy to Let: Tracker Rates
• Product tracks Kensington Standard Rate (KSR); current KSR can be found on Page 1
* See Credit Criteria page for full details
** Northern Ireland currently capped at 80% LTV and £500,000 maximum loan amount. Free legals incentive not currently available in Northern Ireland.
Buy to Let - Core Tracker
Buy to Let - Core Tracker Limited Company
Product Category
Credit
Criteria *
Initial Period
Interest
Rate
Completion
Fee
Min Loan Max Loan** LTV**
Product
Code
Product Name Loan Purpose Incentives** Cashback
Reversion
Margin
(above KSR)
Property Plus Core
5 Year Fixed 5.94 £1999 £25,000 £500,000 75 042400185 Core, 75, 5, 5.94 Purchase, Remortgage None £0 2.50
Property Plus Core
2 Year Fixed 6.29 £1999 £25,000 £500,000 75 062400069 Core, 75, 2, 6.29 Purchase, Remortgage None £0 2.50
Property Plus Core
5 Year Fixed 6.94 0 £25,000 £500,000 75 042400119 Core, 75, 5, 6.94, FV Purchase Free Vals £0 2.50
Property Plus Core
5 Year Fixed 6.94 0 £25,000 £500,000 75 042400120 Core, 75, 5, 6.94, FLFV Remortgage Free Vals, Free Legals £0 2.50
Property Plus Core
5 Year Fixed 6.94 0 £25,000 £500,000 75 042400121 Core, 75, 5, 6.94, FVCB250 Remortgage Free Vals £250 2.50
Property Plus Core
2 Year Fixed 7.09 0 £25,000 £500,000 75 062400039 Core, 75, 2, 7.09, FV Purchase Free Vals £0 2.50
Property Plus Core
2 Year Fixed 7.09 0 £25,000 £500,000 75 062400040 Core, 75, 2, 7.09, FLFV Remortgage Free Vals, Free Legals £0 2.50
Property Plus Core
2 Year Fixed 7.09 0 £25,000 £500,000 75 062400041 Core, 75, 2, 7.09, FVCB250 Remortgage Free Vals £250 2.50
Property Plus - Ltd Co. Core
5 Year Fixed 5.94 £1999 £25,000 £500,000 75 042400186 Core, 75, 5, 5.94 Purchase, Remortgage None £0 2.50
Property Plus - Ltd Co. Core
2 Year Fixed 6.29 £1999 £25,000 £500,000 75 062400070 Core, 75, 2, 6.29 Purchase, Remortgage None £0 2.50
Property Plus - Ltd Co. Core
5 Year Fixed 6.94 0 £25,000 £500,000 75 042400122 Core, 75, 5, 6.94, FV Purchase Free Vals £0 2.50
Property Plus - Ltd Co. Core
5 Year Fixed 6.94 0 £25,000 £500,000 75 042400123 Core, 75, 5, 6.94, FVCB250 Remortgage Free Vals £250 2.50
Property Plus - Ltd Co. Core
2 Year Fixed 7.09 0 £25,000 £500,000 75 062400042 Core, 75, 2, 7.09, FV Purchase Free Vals £0 2.50
Property Plus - Ltd Co. Core
2 Year Fixed 7.09 0 £25,000 £500,000 75 062400043 Core, 75, 2, 7.09, FVCB250 Remortgage Free Vals £250 2.50
Buy to Let - Property Plus
Buy to Let - Propoerty Plus Limited Company
For homes of non-standard construction
• Maximum loan amount; £500,000
• For a full list of accepted property types, please visit www.kensingtonmortgages.co.uk/intermediaries/lendingcriteria
* See Credit Criteria page for full details
** Free legals incentive not currently available in Northern Ireland.
BUY TO LET PRODUCTS - PROPERTY PLUS
Product Category Credit Criteria * Initial Period
Interest
Rate
Completion
Fee
Min Loan Max Loan** LTV**
Product
Code
Product Name Loan Purpose Incentives** Cashback
Reversion
Margin
(above KSR)
Specialist (HMO / MUB) - Special
Core
2 Year Fixed 4.64 5.00% £25,000 £750,000 70 042400261 Specialist, 70, 2, 4.64 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) - Special
Core
5 Year Fixed 5.09 5.00% £25,000 £750,000 75 042400263 Specialist, 75, 5, 5.09 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) Core
2 Year Fixed 6.39 2.00% £25,000 £750,000 75 042400098 Specialist, 75, 2, 6.39 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) Core
5 Year Fixed 6.39 2.00% £25,000 £750,000 75 042400100 Specialist, 75, 5, 6.39 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) Core
2 Year Fixed 6.49 £1999 £25,000 £750,000 75 042400187 Specialist, 75, 2, 6.49 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) Core
5 Year Fixed 6.49 £1999 £25,000 £750,000 75 042400189 Specialist, 75, 5, 6.49 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) Core
2 Year Fixed 6.89 2.00% £25,000 £750,000 80 042400102 Specialist, 80, 2, 6.89 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) Core
2 Year Fixed 6.99 £1999 £25,000 £750,000 80 042400191 Specialist, 80, 2, 6.99 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) Core
5 Year Fixed 7.04 2.00% £25,000 £750,000 80 042400104 Specialist, 80, 5, 7.04 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) Core
5 Year Fixed 7.14 £1999 £25,000 £750,000 80 042400193 Specialist, 80, 5, 7.14 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) - Ltd Co. - Special
Core
2 Year Fixed 4.64 5.00% £25,000 £750,000 70 042400262 Specialist, 70, 2, 4.64 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) - Ltd Co. - Special
Core
5 Year Fixed 5.09 5.00% £25,000 £750,000 75 042400264 Specialist, 75, 5, 5.09 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) - Ltd Co. Core
2 Year Fixed 6.39 2.00% £25,000 £750,000 75 042400099 Specialist, 75, 2, 6.39 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) - Ltd Co. Core
5 Year Fixed 6.39 2.00% £25,000 £750,000 75 042400101 Specialist, 75, 5, 6.39 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) - Ltd Co. Core
2 Year Fixed 6.49 £1999 £25,000 £750,000 75 042400188 Specialist, 75, 2, 6.49 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) - Ltd Co. Core
5 Year Fixed 6.49 £1999 £25,000 £750,000 75 042400190 Specialist, 75, 5, 6.49 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) - Ltd Co. Core
2 Year Fixed 6.89 2.00% £25,000 £750,000 80 042400103 Specialist, 80, 2, 6.89 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) - Ltd Co. Core
2 Year Fixed 6.99 £1999 £25,000 £750,000 80 042400192 Specialist, 80, 2, 6.99 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) - Ltd Co. Core
5 Year Fixed 7.04 2.00% £25,000 £750,000 80 042400105 Specialist, 80, 5, 7.04 Purchase, Remortgage None £0 2.50
Specialist (HMO / MUB) - Ltd Co. Core
5 Year Fixed 7.14 £1999 £25,000 £750,000 80 042400194 Specialist, 80, 5, 7.14 Purchase, Remortgage None £0 2.50
For your clients with houses of multiple occupancy and multi-unit blocks
• Maximum loan; £750,000 (unless stated)
• HMO and MUBs are available to first time landlords as long as the total combined minimum income for the application is £75,000, at least one applicant must be a residential homeowner unless at least one applicant needs to earn a minimum of £40,000 OR be
in tied accommodation.
• HMO properties must be readily saleable as a family home.
* See Credit Criteria page for full details
** HMO & MUB products are not available in Northern Ireland
BUY TO LET PRODUCTS - SPECIALIST (HMO/MUB)
Buy to Let - Specilaist Limited Company (HMO / MUB)
Buy to Let - Specilaist (HMO / MUB)
Product Category
Credit
Criteria *
Initial Period Interest Rate
Completion
Fee
Min Loan Max Loan** LTV** Product Code Product Name Loan Purpose Incentives** Cashback***
Reversion Margin
(above KSR)
eKo*** Core
5 Year Fixed 6.64 0 £25,000 £500,000 75 042400149 Core, 75, 5, 6.64, FVEKO Purchase, Remortgage Free Vals £1,000 2.50
eKo*** Core
5 Year Fixed 6.64 0 £25,000 £500,000 75 042400151 Core, 75, 5, 6.64, FLFVEKO Remortgage Free Vals, Free Legals £1,000 2.50
eKo*** Core
2 Year Fixed 6.79 0 £25,000 £500,000 75 062400046 Core, 75, 2, 6.79, FVEKO Purchase, Remortgage Free Vals £1,000 2.50
eKo*** Core
2 Year Fixed 6.79 0 £25,000 £500,000 75 062400048 Core, 75, 2, 6.79, FLFVEKO Remortgage Free Vals, Free Legals £1,000 2.50
eKo*** Core
5 Year Fixed 7.14 0 £25,000 £500,000 80 062400052 Core, 80, 5, 7.14, FVEKO Purchase, Remortgage Free Vals £1,000 2.50
eKo*** Core
5 Year Fixed 7.14 0 £25,000 £500,000 80 062400054 Core, 80, 5, 7.14, FLFVEKO Remortgage Free Vals, Free Legals £1,000 2.50
eKo*** Core
2 Year Fixed 7.34 0 £25,000 £500,000 80 062400049 Core, 80, 2, 7.34, FVEKO Purchase, Remortgage Free Vals £1,000 2.50
eKo*** Core
2 Year Fixed 7.34 0 £25,000 £500,000 80 062400051 Core, 80, 2, 7.34, FLFVEKO Remortgage Free Vals, Free Legals £1,000 2.50
eKo- Ltd Co.*** Core
5 Year Fixed 6.64 0 £25,000 £500,000 75 042400150 Core, 75, 5, 6.64, FVEKO Purchase, Remortgage Free Vals £1,000 2.50
eKo- Ltd Co.*** Core
2 Year Fixed 6.79 0 £25,000 £500,000 75 062400047 Core, 75, 2, 6.79, FVEKO Purchase, Remortgage Free Vals £1,000 2.50
eKo- Ltd Co.*** Core
5 Year Fixed 7.14 0 £25,000 £500,000 80 062400053 Core, 80, 5, 7.14, FVEKO Purchase, Remortgage Free Vals £1,000 2.50
eKo- Ltd Co.*** Core
2 Year Fixed 7.34 0 £25,000 £500,000 80 062400050 Core, 80, 2, 7.34, FVEKO Purchase, Remortgage Free Vals £1,000 2.50
BUY TO LET PRODUCTS - EKO
£1000 cashback for making their home more energy efficient
• Energy Performance Certificate (EPC) required upon application
• Evidenced by property moving to the next EPC banding OR an increase at least 10 Standard Assessment Procedure (SAP) points required to qualify
• Up to 12 months to make the energy improvements and claim
• £1,000 cash back upon qualification with new validated EPC
* See Credit Criteria page for full details
** Northern Ireland currently capped at 80% LTV and £500,000 maximum loan amount. Free legals incentive not currently available in Northern Ireland.
*** eKo cashback is conditional upon eligibility criteria being satisfied post-completion, see ESIS for details.
Buy to Let - eKo
Buy to Let - Limited Company eKo
Product Category
Credit
Criteria *
Initial Period
Interest
Rate
Completion
Fee
Min Loan
Max
Loan**
LTV**
Product
Code
Product Name Loan Purpose Incentives** Cashback
Reversion
Margin
(above KSR)
eKo Reward Core
5 Year Fixed 6.64 0 £25,000 £500,000 75 042400165 Core, 75, 5, 6.64, FVCB500 Purchase Free Vals £500 2.50
eKo Reward Core
2 Year Fixed 6.79 0 £25,000 £500,000 75 062400057 Core, 75, 2, 6.79, FVCB500 Purchase Free Vals £500 2.50
eKo Reward Core
5 Year Fixed 7.14 0 £25,000 £500,000 80 062400061 Core, 80, 5, 7.14, FVCB500 Purchase Free Vals £500 2.50
eKo Reward Core
2 Year Fixed 7.34 0 £25,000 £500,000 80 062400059 Core, 80, 2, 7.34, FVCB500 Purchase Free Vals £500 2.50
eKo Reward - Ltd Co. Core
5 Year Fixed 6.64 0 £25,000 £500,000 75 042400166 Core, 75, 5, 6.64, FVCB500 Purchase Free Vals £500 2.50
eKo Reward - Ltd Co. Core
2 Year Fixed 6.79 0 £25,000 £500,000 75 062400058 Core, 75, 2, 6.79, FVCB500 Purchase Free Vals £500 2.50
eKo Reward - Ltd Co. Core
5 Year Fixed 7.14 0 £25,000 £500,000 80 062400062 Core, 80, 5, 7.14, FVCB500 Purchase Free Vals £500 2.50
eKo Reward - Ltd Co. Core
2 Year Fixed 7.34 0 £25,000 £500,000 80 062400060 Core, 80, 2, 7.34, FVCB500 Purchase Free Vals £500 2.50
BUY TO LET PRODUCTS - EKO REWARD
£500 cashback for the most energy efficient homes
• Cashback paid following completion
• For properties with an EPC rating of A, B or C
* See Credit Criteria page for full details
** Northern Ireland currently capped at 80% LTV
Buy to Let - eKo Reward
Buy to Let - Limited Company eKo Reward
Minimum loan amount
£25,000
Maximum loan amount
Buy to Let loans are available to a maximum of £750k (£500k in Northern Ireland). Please note that our maximum
lending to an individual (or joint applicants) is limited to no greater than £2m combined across Residential and Buy
to Let mortgages.
HMO and MUB maximum loan amount £750,000 (Not available in Northern Ireland).
Property Plus maximum loan amount £500,000.
Employment status
Employed / Self-Employed.
Region
England, Wales, mainland Scotland and Northern Ireland only.
Minimum age (at submission)
For one of the applicants is 21yrs. Minimum age at submission for all other applicants is 18yrs.
For Limited Company all directors must be aged 21 or over.
Minimum term
5 Years, except: The minimum term for 5-year fixed rates is 6 Year Fixed.
Maximum term
40 Year Fixed.
Minimum valuation
£75,000
New build
Subject to product maximums and underwriter discretion regarding new build exposure.
Once an Offer is produced it is valid for a 180-day period. Extensions may be granted on purchase applications
subject to reassessment of the client, income (where applicable), re-inspection of the property (where applicable)
and new product.
New build properties are not acceptable for HMO and MUB applications.
Minimum income
For first time landlords who are existing residential homeowners, there is no minimum income requirement to
support their mortgage application.
For First Time Buyer & Non Owner Occupier, at least one applicant must be an existing Residential homeowner
unless they have owned ast least 1 BTL property for 2 years currently OR 4 or more Buy to Let properties OR their
employer provides tied accommodation OR at least one applicant earns a minimum of £40,000.
Referencing
At least one applicant must be an existing Residential homeowner, unless they have owned 4 or more Buy to Let
properties or their employer provides tied accommodation or at least one applicant earns a minimum of £40,000.
HMO and MUBs are not available if the property is located in Northern Ireland.
HMO and MUBs are available to first time landlords as long as the total combined minimum income for the
application is £75,000, at least one applicant must be a residential homeowner unless at least one applicant needs
to earn a minimum of £40,000 OR be in tied accommodation.
Credit search and valuation report will be obtained by Kensington. Current and previous mortgage history (both
Buy to Let and Residential) will be verified by reference to Credit Bureau data where possible.
For employed income please provide the most recent payslip and the latest P60/last payslip of the financial year,
or a copy of the for self-employed applicant’s most recent finalised and agreed accounts (for tax assessment)
attached to their headed paper or SA302.
Let to Buy
We will consider a BTL application where an applicant intends to let their existing residential property. We will
require details of the new residential address that the applicant is moving in to and a copy of the mortgage offer
from the new lender.
Portfolio landlord (with 4 or
more mortgaged properties)
There is no overall portfolio limit (Kensington exposure to £2m). All portfolio landlords must complete a portfolio
summary, with a minimum of 3 BTL mortgages to be verified and provide the 3 largest Assured Shorthold Tenancy
agreements.
Limited Company Buy to Let
Lending to Limited Companies:
Specific SIC codes only: 68100 - Buying and selling of own real estate; 68209 - Other letting and operating of own
or leased real estate; 68320 - Management of real estate on a fee or contract basis; 68201 - Renting and operating
of Housing Association real estate.
Maximum 4 directors (at least one director must hold a minimum shareholding of 20%). Applicant Directors must
have a combined shareholding of 100% of the company.
All Guarantors will be underwritten. Standard BTL criteria that applies to individual landlords, will also apply to
Guarantors on Limited Company BTL. All individual directors must provide a personal guarantee on a joint and
several basis. They will also be required to receive independent legal advice on the nature and effect of the
guarantee being provided.
HMO and MUB applications are acceptable (Not available in Northern Ireland).
Property Plus
Range allows for lending on the following (subject to an acceptable valuation with no comments negatively
affecting resale):
Fully Repaired Pre-Fabricated Reinforced Concrete, Poured Concrete, Steel Framed / Steel Clad (pre 2000), 100%
Timber Framed (post 1980), Cob Construction, Colt Construction, Concrete Block, Stone and Part Rendered
Breeze block with Pebble Dashed Outer Walls.
For additional non-standard construction types refer to:
www.kensingtonmortgages.co.uk/intermediaries/lendingcriteria
Property Changes
If your client needs to change their property after the case has been submitted; this is something we can do if the
valuation has not been carried out. Please contact us for full details.
Core Credit History
Defaults acceptable if older than 24 months.
Secured Loan/ Rent Arrears acceptable if older than 24 months.
Satisfied CCJs acceptable if older than 24 months.
We are able to accept unsatisfied CCJs that are registered over 24 months ago at the underwriter’s discretion.
Unsecured Credit arrears acceptable if accounts now up to date (max status of 2 in last 12 months).
We are unable to accept any Debt Management Plans (DMP) in place less than 12 months.
Payday loans acceptable if older than 12 months.
We don’t take into account Communication/Insurance/ defaults. Utility defaults cannot exceed £250 per
application. Bank Account defaults/arrears subject to under writer discretion.
Product Transfers
For more information visit www.kensingtonmortgages.co.uk/intermediaries/product-transfers . You will be emailed if your
clients are eligible 4 months before their fixed rate is ending.
BUY TO LET CRITERIA SUMMARY
THIS INFORMATION IS FOR INTERMEDIARIES ONLY
Kensington and Kensington Mortgages are trading names of Kensington Mortgage Company Limited. Registered in England & Wales:
Company No. 03049877. Registered address: Ascot House, Maidenhead Office Park, Maidenhead SL6 3QQ. Kensington Mortgage
Company Limited is authorised and regulated by the Financial Conduct Authority (Firm Reference No. 310336). Some investment
mortgage contracts are not regulated by the FCA.
CRITERIA
CORE
Ranges
Core, Property Plus, Specialist, eKo
Defaults acceptable (if older
than)
24 months
No limit on number or value
Secured Loan/Rent Arrears
acceptable (if older than)
24 months
CCJs (unsatisfied CCJ’s will be
accepted at the
underwriters discretion)
24 months ago
No limit on number or value
Unsecured Credit arrears
acceptable if
accounts now up to date
Max status of 2
in last 12 months
Debt Management Plans (DMPs)
accept with a
track record of
12 months
No Payday loans, taken out
within the last
12 months
BTL CREDIT SUMMARY
0800 111 020
#kensingtondifference
THIS INFORMATION IS FOR INTERMEDIARIES ONLY
Kensington and Kensington Mortgages are trading names of Kensington Mortgage Company Limited.
Registered in England & Wales: Company No. 03049877. Registered address: Ascot House, Maidenhead
Office Park, Maidenhead SL6 3QQ. Kensington Mortgage Company Limited is authorised and regulated by
the Financial Conduct Authority (Firm Reference No. 310336). Some investment mortgage contracts are not
regulated by the FCA.
Important bankruptcy update:
We can accept customers that have not been, in last 6 years, subject to proceedings
for Bankruptcy/ Sequestration or an Individual Voluntary Arrangement (IVA) /
Protected Trust Deed and/or Debt Arrangement Scheme (DAS) and must be
satisfied/ discharged and no longer showing on credit bureau
Communication/Insurance/Bank Account and utility defaults:
We don’t take into account Communication/Insurance/ defaults. Utility defaults cannot
exceed £250 per application. Bank Account defaults/arrears subject to underwriter
discretion.
For full criteria details:
www.kensingtonmortgages.co.uk/intermediaries/criteria
To find your local BDM:
www.kensingtonmortgages.co.uk/intermediaries/bdm
Term
Year 1
Year 2
Year 3
Year 4
Year 5
1 Year Fixed
1.50%
2 Year Fixed
3.00%
2.00%
3 Year Fixed
3.00%
2.00%
1.00%
5 Year Fixed
4.00%
3.00%
1.50%
1.00%
1.00%
2 Year Tracker
1.00%
1.00%
B1109202401
ERC's
THIS INFORMATION IS FOR INTERMEDIARIES ONLY
Kensington and Kensington Mortgages are trading names of Kensington Mortgage Company Limited.
Registered in England & Wales: Company No. 03049877. Registered address: Ascot House, Maidenhead Office
Park, Maidenhead SL6 3QQ. Kensington Mortgage Company Limited is authorised and regulated by the
Financial Conduct Authority (Firm Reference No. 310336). Some investment mortgage contracts are not
regulated by the FCA.
