Right to Buy
Kensington Mortgages' new Right to Buy mortgage range aims to help Britain’s underserved borrowers.
The new offering will be available to both employed and self-employed borrowers for up to 100% of the discounted purchase price. Rates start from as low as 3.94% for mortgages covering up to 90% of the discounted purchase price and from 4.44% for up to 100% of the discounted purchase price.
The Right to Buy product has a choice of two, three and five-year fixed rate options at up to 75% LTV of the open market value.
The lender is additionally offering access to free valuation and no completion fee options. Kensington will consider applications from those looking to re-mortgage their property, subject to previous 12 months ownership.
For those customers purchasing their property from a council or a housing association, more information can be obtained via the following links:
Buying your council home