Kensington introduces buy-to-let products

Kensington has launched a new range of buy-to-let products designed to help existing landlords expand their portfolio.

The new products are available up to 75 per cent loan-to-value LTV, including two-year fixed rates at 5.69 per cent and three-year fixed rates at 6.19 per cent.

According to the lender, the products are targeted in particular at landlords who have at least two buy-to-let properties.

Charles Morley, head of sales and product development at Kensington, said the private rental sector is becoming an increasingly important form of housing in this country.

"Buy-to-let investors have played a significant role in improving quality and affordability for tenants," he stated.

"But tenant demand is growing and as the property market recovers, many landlords are looking to meet this demand and expand their portfolios."

Last week, Paragon Mortgages reported that two-year fixed mortgages are the most popular products in the current market.

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2010-05-21 10:20:48 © Moneyextra.com