Kensington buy-to-let mortgage deals 'allow for expansion'

Date:Monday 17th May 2010
Author: Max Freedman

A new range of buy-to-let mortgages has been unveiled by Kensington, with a representative from the organisation highlighting how up to ten properties can be held with the firm by investors.

Charles Morley, head of sales and product development at the enterprise, described how the rental sector is becoming increasingly important, which is why Kensington has chosen to release a range of products for landlords.

The loans are available to property owners holding two or more buy-to-let homes, with finance available for up to 75 per cent loan to value and interest charged at 5.69 per cent and 6.19 per cent for the two and three-year fixed-rate arrangements respectively.

Mr Morley remarked: "Tenant demand is growing and as the property market recovers, many landlords are looking to meet this demand and expand their portfolios."

Last week, Kensington highlighted how many consumers are confused by the mortgage options available and appreciate receiving advice about what deal suits them best.