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Help to Buy Equity Loan

Kensington is supporting the Government's Help to Buy Equity Loan scheme. 
It aims to help both first time buyers and home movers who have deposits 
of at least 5% to buy a new build home.

Help to Buy Equity Loans available in England (including the London scheme) and Wales. 

At Kensington our lending decisions are not made by an automated system. Individually reviewed by experienced underwriters, we are able to consider more complex circumstances that may cause applicants to fail a credit score elsewhere.

Product features: 

  • Rates starting from 3.64% 
  • 2, 3 and 5 year fixed
  • Get a mortgage with just a 5% deposit
  • No interest payable on the equity loan in the first 5 years 
  • Open to first time buyers or home movers on a repayment basis only, buying a new build property 
  • Maximum property value £600,000 in England or £300,000 in Wales.
  • Max LTV: 75% New Build Houses and Flats

Perfect for: 

  • First Time Buyers or Home Movers looking to buy a New Build property
  • People who have failed a credit score check 
  • New business owners
  • Entrepreneurs whose business profits have fluctuated 
  • Contractors of any profession
  • People with multiple sources of income such as bonus, overtime and vested shares

Search our Lending Policy

Help to Buy backed by HM Government

Help to Buy Equity Loan Rates

75% LTV

Rate Type / Term Rate  Feature Completion Fee Reversion
2 Year Fixed 3.64%  Free Valuation £999 LIBOR plus 4.10%*
3 Year Fixed 3.99%  Free Valuation £999 LIBOR plus 4.10%*
5 Year Fixed 4.24%  Free Valuation £999 LIBOR plus 4.10%*

Kensington review the LIBOR rate quarterly.

*The Current LIBOR rate is 0.30% with effect from 14 August 2017 – LIBOR Floor  1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.

**Offers valid for 6 months from date of valuation or date of Applicants signed declaration. 6 month extension available subject to criteria (income verification, credit bureau search;
switch to existing product range and customer letter confirming no change in circumstances).

Early Repayment Charges apply:

2 Year Fixed - 3.00% in Year 1, 2.00% in Year 2
3 Year Fixed - 3.00% in Year 1, 2.00% in Year 2, 1.00% in Year 3
5 Year Fixed - 4.00% in Year 1, 3.00% in Year 2, 1.50% in Year 3, 1.00% in Year 4, 1.00% in Year 5