Enterprise launches Kensington exclusives

With loan-to-values (LTV) up to 90 per cent within the prime range, the packager is offering the deals on a first come, first served basis.

The deals are available from 6.89 per cent for a three-year fixed rate, 6.99 per cent for a two-year fixed, and 7.19 per cent for a two-year tracker.

Each product has a £1,999 completion fee that can be added to the loan above the maximum LTV.

Keith Street, director of sales at Kensington, said: “2007 was undoubtedly a tough year for the mortgage market, but Kensington is working with Enterprise in providing a really positive start to 2008.

"We are delighted to launch these exclusive deals which prove that, even in the current environment, it is still possible to provide competitive high LTV products for customers with specialist circumstances.”

Michael Clapper, chief executive officer of Enterprise Group, added: “This level of commitment from Kensington Mortgages is fantastic at a time when many lenders are pulling back.

"However, the fact that it has decided to limit the availability of these exclusives demonstrates who Kensington is backing in the future and we are obviously pleased to be part of that.”

Jonathan Barnett, of All Mortgage Matters, said: “There aren’t that many lenders that offer above the 90 per cent LTV mark as some have pulled out, but the rates in today’s market seem quite reasonable.

"The product fees seem excessive and the only danger is that this may penalise smaller loans.”

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