Introducing Flexi Fixed for Term 

The mortgage of the future is here. Our new Flexi Fixed for Term mortgage lets you fix your mortgage term from 11 to 40 years and pay one fixed monthly mortgage payment that will never change.

Fix your mortgage term from 11 to 40 years, and pay one fixed monthly payment that stays the same for the duration of the loan. 

How Flexi Fixed for Term works 

All you need to do is decide how long you’d like to fix your mortgage term for, from 11 years all the way up to 40 years.  You can choose any term in between for example, it could be 11, 16 or 26 years. 

Then speak to your mortgage advisor who, based on your credit profile and deposit amount, will advise you how much you could borrow and what the fixed monthly mortgage payment will be – and remember, your monthly payment is fixed for the duration of the loan.

If you don’t have a mortgage adviser, you might want to contact Like Mortgage Advice who can offer you FEE FREE, no obligation advice on Kensington products – both before and during the mortgage application process.

What’s in it for you

Extra peace of mind

With our Flexi Fixed for Term mortgage you’ll never have to worry about fluctuating interest rates or remortgaging, ever again.  You’ll have the peace of mind that comes from knowing exactly what your monthly mortgage payment will be from the start to the end of your mortgage term.   

A chance to boost your borrowing power

Our new mortgage offers you the chance to boost the amount you could borrow.  That’s because we use the fixed interest rate rather than the usual future variable stressed rate to calculate your ability to pay the mortgage payments.   This means that if you pass our credit and affordability checks, the amount you can borrow could be higher than it would be on one of our standard mortgages.

If you downsize, or upsize, take the mortgage with you

Life doesn’t always pan out the way we expect so if you decide to move to a smaller or bigger home, you can apply to take the Flexi Fixed for Term mortgage with you – and you won’t have to pay an Early Redemption Fee.   You can apply to ‘port’ your mortgage and take your fixed rate with you 12 months after your initial completion date.

Overpay by up 10% a year

We all dream of being mortgage free and with Flexi Fixed for Term, each year you can make overpayments of up to 10% of the original mortgage balance.  What’s more, you can start overpaying from the first day of your mortgage.

You’re not locked in

There’s always the worry with anything long-term that once you’re in, you won’t be able to change things unless you pay a fee.   Well, that’s the benefit of our Flexi Fixed for Term mortgage because you can move home and take the mortgage with you or pay it off early and you won’t be charged an Early Redemption Fee (ERC). 

The only time we’ll ask you to pay an ERC is if you decide you want to move to a different mortgage with Kensington or move to another mortgage lender.   Plus, to give you as much flexibility as possible, if your circumstances change you can also apply to borrow more with a Further Advance. 

Is Flexi Fixed for Term for you?

Yes, if you’re looking to boost your borrowing power.

Yes, if you’re looking for the stability of a single monthly mortgage payment that never changes. 

Yes, if you don’t want to worry about interest rates going up in the future.

A quick guide to the flexi fixed for term benefits

The potential to boost your borrowing power
It’s portable – if you move, take your mortgage and fixed rate with you
Available for up to 95% LTV mortgages and 85% LTV remortgages
Overpay by 10% from Day 1
No Early Repayment Charges to pay if you experience a ‘life event’ such as critical illness and divorce
Eligible Gifted Deposits from immediate family members accepted

HOW WE MAKE THINGS EASIER

  • Our Mortgage Calculator
    Why not get an idea of how much you could borrow with our easy to use mortgage calculator.
    USE THE MORTGAGE CALCULATOR
  • Guide to the mortgage process
    Our helpful guide takes you through the mortgage process from start to finish, so you'll know what to expect at every stage.
    THE APPLICATION PROCESS
  • Before you apply
    We’ve put together a helpful list of some of the key things you and your adviser will need to consider before your adviser submits your application for a Kensington mortgage.
    GET MORTGAGE READY
  • Why choose Kensington
    As a specialist mortgage lender, we know that no two people or their circumstances are the same. That's why we've always celebrated differences.
    THE KENSINGTON DIFFERENCE
  • Getting advice and help
    How to get the advice and help you need to find the mortgage that may be suitable for your circumstances.
    GETTING MORTGAGE ADVICE

    WHAT OUR CUSTOMERS SAY

    READY TO TAKE THE NEXT STEP?

    If you like what you’ve read, it’s time to talk Flexi Fixed for Term with your broker.  If you don’t have a mortgage adviser, you might want to contact Like Mortgage Advice who can offer you FEE FREE, no obligation advice on Kensington products – both before and during the mortgage application process. You can contact them on 0203 827 8940 or visit their website, fill out a contact form and they will be in touch with you.

     

    If you prefer, you can find your own broker by visiting unbiased.co.uk where you’ll find a list of advisers you can choose from


    Please be aware mortgages are secured against your home and your home may be repossessed if you do not keep up repayments on your mortgage.