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Do it Later x

Let To Buy mortgages

Let to Buy made simple

Moving home doesn’t always have to mean selling an existing property. Many people choose to retain ownership of their house or flat and let it to tenants rather than selling.

At Kensington, we can provide mortgages for both sides of a Let to Buy transaction – a Buy to Let mortgage on their existing property and a purchase mortgage for their new home. We assess each case individually and we will always look for reasons to lend. 

Product features: 

  • Available for First Time Landlords
  • Available across our Buy To Let range
  • We can lend on both sides of the transaction
  • Decisions made by an underwriter, not a credit score

Perfect for:

  • Home movers who don’t want to sell their current property

Lending Policy Search Tool

Affordability calculator

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%*
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%*

*Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.40% with effect from 13 February 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%*
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
3.59% - 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%*

*Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.40% with effect from 13 February 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%*
3 Year Fixed
3.54% None 1.50% £500,000 LIBOR plus 4.30%*
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%*
3 Year Fixed 3.79% - 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%*

*Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.40% with effect from 13 February 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