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Scottish First Home Fund pot dries up after five days

“Any applications in progress but not yet submitted at point of closure are unable to be processed.” Last year the Scottish government pumped an additional £50m into the First Home Fund scheme on top of its initial £150m in the face of high demand. It remains unclear if a similar top-up is likely this time. Earlier today Kensington Mortgages confirmed that despite the scheme being closed that any pre-existing or ongoing applications will be accepted.

Kensington Mortgages cuts BTL rates | Mortgage Strategy

9 th April 2021 10:07 am Kensington Mortgages has announced two new rates across its residential and buy-to-let products, as well as rate cuts across its BTL offering. The lender said rates have been cut on its BTL range by as much as 40 basis points and now start at 2.99 per cent for a two-year fix at 75 per cent loan to value. It also offers a special edition rate at 2.59 per cent for a two-year fix at 75 per cent LTV. These offers apply to limited companies. The firm adds that for houses in multiple occupation and multi-unit blocks rates start at 3.39 per cent with a two-year fix at 75 per cent LTV. Applications that qualify for its Property Plus range rates start at 3.19 per cent for a two-year fix at 75 per cent LTV.

Kensington Mortgages launches special rates and makes buy-to-let rate cuts

Kensington Mortgages has launched a pair of special rates across its residential and buy-to-let (BTL) whilst also making a number of rate cuts to its BTL range. On the BTL range rates are cut up to 0.4% and now start at 2.99% for a 2-year fix at 75% loan-to-value (LTV). There is also a special edition rate at 2.59% for a 2-year fix at 75% LTV. For houses in multiple occupation (HMOs) and multi-unit blocks (MUB) rates start at 3.39% and for Property Plus at 3.19% – each for a 2-year fix at 75% LTV, respectively. On the residential front rates start from 3.25% for a 2-year fix at 75% LTV and 5.19% for a 2-year fix at 90% LTV. Kensington recently reinstated its large loan offering, up to £2m, at up to 80% LTV, in addition to offering a special edition rate at 1.99% for a two-year fix at 70% LTV.

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