Mortgage
rates on the
poor credit mortgage range offered by
Kensington Mortgages have been reduced.
The
mortgage lender announced that it has cut
fixed mortgage rates on its near
prime mortgages and very light
adverse mortgage deals .
Kensington
Mortgages now offer fixed
mortgage rates of 5.3 per cent and 5.2 per cent respectively on its near prime mortgages over two and three years.
A
discounted mortgage rate of 3.95 per cent is available on the
fixed rate one-year near
prime mortgage .
The very light
adverse mortgage range also offers a
discounted mortgage rate of 4.5 per cent on its one-year deal.
Mortgage rates on the two-year and three-year very light
adverse mortgages are 5.5 per cent and 5.4 per cent respectively,
Mortgage Introducer reports.
At the start of the new year, many people are looking to
consolidate their debts and shopping around for the best deals, says the marketing director for Kensington Mortgages, Ian Giles.
Uncertainty around
interest rate movements prompted the reduction in the
mortgage lender's fixed mortgage rates in order to provide "an even more competitive product range", Mr Giles continues.
All
fixed rate mortgages come with no extended tie-ins and the option to not pay any fees upfront.
