Our residential mortgage product of the year has to be a semi-exclusive deal from Kensington. It has a max LTV of 90% and is available on a 2, 3 or 5 year fixed rate basis.
As long as there are no CCJ’s or defaults registered within the last 2 years and unsecured arrears do not exceed a ‘status 2’ in the last 12 months, subject to affordability, Kensington will look to offer a solution. In addition,the lender will ignore all adverse that has arisen from communication contracts, regardless of when it occurred. This means that first time buyers and home owners/movers are able to obtain a mortgage with a small deposit or high gearing in their current property.
If there are no CCJ’s of defaults registered within the last 3 years, the customer will qualify for ‘Select’ premium rates making the proposition even more attractive.
Many borrowers looking for 90% LTV have limited funds available for the associated costs of obtaining a mortgage (i.e. product fees, valuations and legal costs), the lender offers a fees free option for a small rise in the interest rate.
Explore the scenarios where a specialist residential mortgage can be useful: https://goo.gl/fFCkga
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