These are in addition to their already existing 1 year fixed product and are available from 1st September 2004.
Kensington are also increasing their 3 Year Stepped Discount by 0.50% to 2.25% over 3 years.
Alastair Pate, Director of Marketing & Strategy says, ‘The addition of our new longer fixed rate options mean there is even more variety in our portfolio, giving you and your clients more flexibility. By increasing the discount on our 3 Year Stepped Discount product, your clients potential saving could make a real difference to their monthly outgoings. This is vital as people budget with rising interest rates.’
Kensington has also enhanced it’s Right to Buy product enabling customers to remortgage within the first year of the pre-emption period.