Kensington self-employed mortgage launched

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Kensington self-employed mortgage launched

The new Kensington self-employed mortgage has been launched and it comes with a fixed rate starting from 4.5 per cent per annum.

Borrowers can make regular overpayments and can also borrow back funds if they need to as well as taking payment holidays or underpaying.

Alison Hutchinson of Kensington Mortgages said the product is "perfect" for those who are on a variable income.

Self-employed borrowers will welcome the option of an insurance product, which has been tailored to meet the needs of those working for themselves.

The optional insurance covers such cases as accident, sickness and unemployment for 60 consecutive days, offering borrowers peace of mind.

A combined buildings and contents discount is also available, reports Mortgage Introducer.

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