Owner Occupier Semi-Exclusive Mortgage Products
Please find below a summary of the Owner Occupier Semi-Exclusive mortgage products available: Product Details: Product Name: 5 Year Fixed Rate until 31/08/2031 Initial Interest Rate: 6.14% Followed by Managed Mortgage Rate: Currently 7.54% APRC: 7.1% Maximum LTV: 80% Product Code: XF1262 Early Repayment Charges: 5% until 31/08/2027 4% until 31/08/2028 3% until 31/08/2029 2% until 31/08/2030 1% until 31/08/2031 Product […]
Buy-to-Let, Commercial and Trading Updates
We’ve updated our rates across SB1 & SB2 Buy-to-Let, Commercial and Trading. Rates now starting from: 5.04% for SB1 Specialist Buy-to-Let 5.99% for SB1 HMO & MUFB 6.34% for Commercial 7.39% for Commercial Trading In response to market movements over recent days and swap rate volatility, we’ve selectively increased rates by up to 45bps on our BTL SB1 & SB2, Commercial […]
Consent to Follow for Second Charge Loans
We are pleased to announce the following change across our entire Second Charge Loan product range. We will now progress applications to completion with Consent to Follow, helping you deliver quicker outcomes for your customers. This improvement removes one of the most common delays in second charge packaging, reducing overall completion times and enabling customers […]
Important information on Mortgage Product
We’ve relaunched our Owner Occupier and Buy to Let fixed rate products, and reintroduced more 5 Year Fixed Rates back on sale. Options will be available across all of our main lending areas including Core, JBSP, Family Mortgage and RIO for Owner Occupier, and UK Landlord, Limited Company, Expat, Expat Limited Company and HMOs for […]
New Semi-Exclusive Commercial Product
We’re pleased to share a semi-exclusive commercial mortgage product, Connect is one of two companies with access to this product and is accessible via our Specialist Placement Team (SPT). Here’s what you need to know: Key highlights Loan sizes from £500k to £3m Up to 70% LTV (75% for residential investment) with terms up to 20 years Borrowers: Ltd companies, partnerships, sole […]
We Accept Applications From First-time Landlords
The buy-to-let market is getting younger, with 75% of new buy-to-let company shareholders under 50, up from 68% a decade ago. Many of these are entering for the first time, whether a professional looking to diversify or a client who simply wants a foothold in the rental market. The challenge is that many lenders treat the absence […]
Commentary on the MPC
Kensington’s Commercial Director, Andy Bickers shared a summary of the most recent MPC meeting. There are some valuable insights that we think you’ll find particularly interesting. Bank Holds Rates Amid Global Inflation Uncertainty The Bank of England’s (BoE) Monetary Policy Committee (MPC) voted unanimously today to hold interest rates at 3.75% as the central bank […]
Renters’ Rights Act: What you need to know before 1 May
To support you and your customers through the upcoming regulatory changes, we want to give you clear, practical insight into what’s coming. From 1 May 2026, all assured shorthold tenancies will switch to open‑ended periodic tenancies, and the following changes are also being introduced: Section 21 “no‑fault” evictions will stop Rent can only be increased once a year […]
‘Metro Bank Talks’ Available on Demand
Did you miss our recent ‘Metro Bank Talks… Affordability’ session? Good news – it’s now available to watch on demand at a time that suits you. Watch now. You can also catch up on three other popular webinars from our Metro Bank Talks series: HMO / MUFB Near Prime Self-employed and complex income Whether you’re […]
Removal of Maximum Age at Start of Loan
We’ve made a further criteria improvement that makes it easier to do business with us. Until today the maximum applicant age we allowed at the start of the loan was 65 years old. This requirement has now been removed. Our latest Packaging Guides, which include our criteria for older borrowers, can be found here: Broker Packaging Guides […]