Kensington Mortgages has relaxed the criteria on its professional mortgage range and introduces two 95% LTV special rates.
The specialist lender removes the maximum age limit of 40 at application for professionals.
It says: “The change will allow more eligible borrowers – including chartered accountants, actuaries, barristers, commercial pilots, dentists, doctors, and solicitors – to benefit from the enhanced affordability offered by the product.”
The range offers up to 90% loan to value, on two- and five-year fixed-rate options, and is available to purchase as well as remortgage customers.
Eligible borrowers can borrow from up to six times their income, subject to overall affordability.
The firm also launches two 90% LTV special rates for professional customers. These include a two-year fix at 7.19%, with no fee, and a five-year fix at 6.79%, with no fee.
Separately, the lender offers new 95% LTV special rates, which include £1,000 cashback, free valuation, and no fees.
These include a two-year fix at 7.69%, a three-year fix at 7.39%, and a five-year fix at 7.19%.
Kensington Mortgages chief commercial officer Vicki Harris says: “By removing the age limit for applications and introducing new special rates, we hope to enable more borrowers to benefit from the affordability advantages which the range can offer.”
