Published 4 October 2016 · Last reviewed 1 May 2026
New Street Mortgages a lender launched to help clients that need better rental calculations with a focus on service and quick Turnarounds
New Street Mortgages is separate division of the specialist lender Kensington. Its principal focus is the quick processing of prime buy to let mortgages and is aimed at professional landlords but will also accept applicants from first time landlords too.
On buy to let mortgages the ability to borrow is predominantly based on the rental coverage assessment. Where New Street Mortgages is strong is in Inner and Greater London where its rental coverage factor is low at 115%. This stands out as most Lenders are now gravitating towards 125% to 140% in a ‘one size fits all’ approach to the whole country. What does mean? Well you can borrow more:
*Based on a notional interest rate of 5.50%
New Street Mortgages also have buy to let products with a 20% deposit rather the normal minimum of 25%.
The Lender is built with the latest technology and boasts of 5 day turnaround times.
It has a chain-breaker Let to Buy remortgage product which allows customers in a hurry to purchase a new residential and let their existing property, until they have a buyer on a remortgage with New Street Mortgages. The product carries a 1 year early repayment charge.
Furthermore the good news for professional landlords is there are no irritating rules restricting the number of properties you own with other Lenders. You can also purchase a property from a limited company if you are a shareholder to move into your individual name.
Inner and Greater London Properties only. Rental coverage at 115% based on a notional rate of 5.50%.