All new Kensington mortgages move to a reversionary rate following the fixed rate period. This reversionary rate is charged at a margin above 3 Month London Interbank Offered Rate (LIBOR).
We review LIBOR quarterly to reset the reversionary rate. The Current LIBOR rate is 0.65% with effect from 14 May 2018 – LIBOR Floor 1.00%*. If LIBOR falls below 1.00% the reversion rate will be charged at reversion margin plus 1.00%.
LIBOR is set by the Intercontinental Exchange (ICE). You can find out information about current and historic LIBOR using the link below. Please select the currency as GBP, and the date of your choice to display the relevant rates : https://www.theice.com/marketdata/reports/170