4 January 2024

Kensington Mortgages offers cashback on all residential and BTL products and lowers residential rates by up to 75bps

By Kensington Mortgages

The information in this post is intended for mortgage professionals. Customers should not interpret any part of this as financial advice. If you require advice on a new or existing mortgage you should contact your mortgage broker.

  • Kensington Mortgages is offering cashback on all residential and buy to let (BTL) products until the end of January
  • Kensington is also reducing selected residential rates by up to 75bps
  • This includes Kensington’s Select and Core rates, as well as its Large loan, Young Professionals, Hero, eKo, and Right to Buy mortgages

04 January 2023 - Leading specialist mortgage lender, Kensington Mortgages, has announced that all its residential and buy to let (BTL) mortgages, including limited company products, will include a minimum £250 cashback until the end of January 2024.

The new offering comprises both fixed and tracker mortgages – with the exception of Kensington’s Flexi Fixed for Term range – as well as all LTVs, purchase, and remortgage products. Cashback will be paid on completion except for Kensington’s eKo £1,000 Cashback Mortgage, which is paid on qualification in line with standard product terms.

Kensington is understood to currently be the only lender with this proposition. While many lenders offer cashback as an incentive, it is not typically included across their entire product range*.

In addition, Kensington is lowering selected residential rates by up to 75bps. Select rates have been reduced by up to 31bps across Kensington’s 65% to 85% LTV products. Core rates have been lowered by up to 70bps across 70% to 85% LTV products, while rates across Kensington’s large loan, Young Professionals, Hero, eKo, and Right to Buy mortgages have been reduced by up to 75bps.

Kensington’s lowest residential rates include its 65% LTV five-year fixed rate at 5.59% and their 65% LTV two-year fix at 5.89%. Both offerings include a £999 fee and £500 cashback.

Others to note are Kensington’s large loan products, including its 75% LTV five-year fixed rate at 5.59% and 75% LTV two-year fixed rate at 5.89%. They now include a fee of £1,999, a free valuation, and £250 cashback. In addition, Kensington’s Hero mortgages now offer a 75% LTV five-year fix at 5.69% as well as a 75% LTV two-year fix at 5.99%. Both come with a £999 fee and now offer £250 cashback.

Vicki Harris, Chief Commercial Officer, Kensington Mortgages, comments:“Our decision to offer cashback across all residential and BTL mortgages and reduced rates for our residential products reaffirms Kensington’s commitment to providing greater flexibility for our clients. These developments to our offering aim to help more people to realise their aspiration of owning a home and support those looking to remortgage. Over the next twelve months, we look forward to continuing to innovate across our product range and delivering quality service for our clients.”


*Kensington reserves the right to withdraw the offer at any time before January 31st, 2024.

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