Kensington Mortgages has introduced free valuations across its entire residential mortgage range while reducing rates across both residential and buy-to-let (BTL) products.
The lender said the change extends its existing proposition of free valuations on buy-to-let mortgages to all residential products.
In addition to free valuations, Kensington has reduced rates by up to 0.15% across its Residential Select range, including Heroes, Professional and Own New Rate Reducer products.
Rates on Residential Select products now start from 5.59% for 2- and 5-year fixed rates at 75% loan-to-value (LTV).
Kensington has also introduced new £1,999 fee products across its 5-year Residential Select range, replacing existing £1,499 fee options.
Remortgage customers will continue to have the choice of free standard legal services or £250 cashback.
Within its buy-to-let offering, Kensington has reduced rates by up to 0.35% across its Core range, including houses in multiple occupation (HMO) and multi-unit block (MUB) products.
2-year fixed rates now start from 3.69%, with 5-year fixed rates from 5.12%, available up to 80% LTV.
The lender has also cut rates by up to 0.35% across its Prime buy-to-let range, with products available up to 75% LTV.
Rates start from 3.59% for 2-year fixed products and 4.79% for 5-year fixes.
Meanwhile, rates on Kensington’s Prime eKo range have fallen by up to 0.25%, with 2-year fixed rates now starting from 4.39% and 5-year fixed rates from 4.97%, both available up to 75% LTV.
Andy Bickers, commercial director at Kensington Mortgages, said: “Extending free valuations across our entire Residential range is another way Kensington is working to make life easier for brokers and their clients at a time when many households continue to feel the impact of rising living costs.
“In a fast-moving market, brokers need certainty, speed, and strong support from lenders. That’s why we continue to provide two days’ notice on product changes, alongside continuous access to support through our BDM team, telephone BDMs, and webchat services.
“We also know that communication is critical to keeping cases moving. Every broker receives support from a dedicated mandated underwriter who remains their point of contact throughout the application process, with brokers who engage with those calls potentially able to reduce application-to-offer times by as much as 25%.
“Our sustained focus on combining competitive products with practical support helps to ensure brokers can deliver faster and more affordable outcomes for their clients.”