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Experienced Landlord mortgages

Buy to Let for growing portfolios

For landlords, certainty is important. They need to know the rent is being paid, and they need certainty that their mortgage lender can assess each case on its own merit.

At Kensington, we assess each case individually and we will always look for reasons to lend. If your client already owns at least one investment property, we can provide options for you to help expand their portfolio and we don’t have minimum income requirements.

 

Product features:

  • No minimum income requirements for existing landlords
  • No overall portfolio limit
  • Available with a minimum of 20% deposit
  • New build, including desirable high rise
  • Decisions made by an underwriter, not a credit score

Perfect for:

  • Professional landlords who earn all of their income from rental properties
  • Experienced landlords looking to grow their portfolio
  • Landlords who have failed a credit score

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Product guide

Rates

70% LTV

Rate Type / Term Rate Feature  Completion Fee
(can be added)
Maximum Loan Reversion
2 Year Fixed
2.74% None ​1.50% £1.5 million LIBOR plus 4.30%*
3 Year Fixed
​3.14% None ​1.50% £1.5 million LIBOR plus 4.30%*
 5 Year Fixed 3.44%  None  1.50%  £1.5 million  LIBOR plus 3.65%*
2 Year Fixed 2.99% - Standard Valuation fee paid by Kensington for Purchases Standard**
 - Valuation fee and Standard Legals paid by Kensington for remortgages**
£999 £​250,000  LIBOR plus 4.30%* 
3 Year Fixed
3.39%  - Standard Valuation fee paid by Kensington for Purchases Standard**
- Valuation fee and Standard Legals paid by Kensington for remortgages**
£999  £​250,000
LIBOR plus 4.30%*
5 Year Fixed  3.64% - Standard Valuation fee paid by Kensington for Purchases Standard**
- Valuation fee and Standard Legals paid by Kensington for remortgages**
 £999  £250,000 LIBOR plus 3.65%*

*Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.35% with effect from 15 May 2017 – LIBOR Floor 1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Standard legals only available on loans up to £500,000.  For full details please see our Criteria Guide

Early Repayment Charges apply:
3 Year Fixed - 3.00% in Year 1, 2.00% in Year 2, 1.00% in Year 3
2 Year Fixed - 3.00% in Year 1, 2.00% in Year 2
1 Year Fixed - 3.00% in Year 1

 

75% LTV

Rate Type / Term Rate Feature  Completion Fee
(can be added)
Maximum Loan Reversion
2 Year Fixed
2.94% None 1.50% £1 million LIBOR plus 4.30%*
3 Year Fixed
3.34% None 1.50% £1 million LIBOR plus 4.30%*
5 Year Fixed  3.64%  None 1.50% £1 million  LIBOR plus 3.65%*
2 Year Fixed
3.19% - Standard Valuation fee paid by Kensington for Purchases Standard**
- Valuation fee and Standard Legals paid by Kensington for remortgages**
​£999
£250,000  LIBOR plus 4.30%*
3 Year Fixed
3.49% - Standard Valuation fee paid by Kensington for Purchases Standard**
- Valuation fee and Standard Legals paid by Kensington for remortgages**
£999
£250,000
LIBOR plus 4.30%*
5 Year Fixed 3.74% - Standard Valuation fee paid by Kensington for Purchases Standard**
- Valuation fee and Standard Legals paid by Kensington for remortgages**
£999 £250,000 LIBOR plus 3.65%*

*Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.35% with effect from 15 May 2017 – LIBOR Floor 1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Standard legals only available on loans up to £500,000.  For full details please see our Criteria Guide

Early Repayment Charges apply:
3 Year Fixed - 3.00% in Year 1, 2.00% in Year 2, 1.00% in Year 3
2 Year Fixed - 3.00% in Year 1, 2.00% in Year 2
1 Year Fixed - 3.00% in Year 1

 

80% LTV

Rate Type / Term Rate Feature  Completion Fee
(can be added)
Maximum Loan Reversion
2 Year Fixed
3.14% None 1.50% £500,000 LIBOR plus 4.30%*
5 Year Fixed
3.74% None 1.50% £500,000 LIBOR plus 3.65%*
2 Year Fixed 3.39% - Standard Valuation fee paid by Kensington for Purchases Standard**
- Valuation fee and Standard Legals paid by Kensington for remortgages**
​£999 £250,000
LIBOR plus 4.30%*
5 Year Fixed 3.94% - Standard Valuation fee paid by Kensington for Purchases Standard**
- Valuation fee and Standard Legals paid by Kensington for remortgages**
​£999 £250,000
LIBOR plus 3.65%*

*Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.35% with effect from 15 May 2017 – LIBOR Floor 1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Standard legals only available on loans up to £500,000.  For full details please see our Criteria Guide

Early Repayment Charges apply:
3 Year Fixed - 3.00% in Year 1, 2.00% in Year 2, 1.00% in Year 3
2 Year Fixed - 3.00% in Year 1, 2.00% in Year 2
1 Year Fixed - 3.00% in Year 1