Kensington Mortgages has lowered rates across its residential and buy-to-let (BTL) products as it continues to strengthen its offering for borrowers.

Kensington has reduced rates by up to 0.33% across residential Select and Core products, up to 92.5% loan-to-value (LTV). 

This also applies to Kensington’s new 82.5%, 87.5% and 92.5% rates, which were recently launched as part of its ‘Mid LTV’ range.

The lowest rates for Kensington’s Select offering include its 5-year fixed rate, which starts at 5.29%, and 2-year fixed rate starting at 5.79%, both of which include 75% LTV and a £999 fee.

The lowest rates for Kensington’s Core products include its 5-year fix, starting at 5.44%, and 2-year fixed rate, which starts from 5.84%.

Both products include 70% LTV and a £999 fee.   

Kensington is also lowering rates by 0.20% across its BTL products, including limited company, houses in multiple occupation (HMOs), and multi-unit blocks (MUBs).

In addition, rates across Kensington’s Special BTL products have been reduced by up to 0.40%.

The lowest BTL rates offered by Kensington are its 70% LTV 2-year Special fixed rate, which starts from 4.15%, and its 75% LTV five-year Special fixed rate, starting at 4.69%, both of which include a 5% fee and free valuation.

Vicki Harris, chief commercial officer at Kensington Mortgages, said: “Across our entire product range, Kensington continues to offer some of the most competitive rates available on the specialist mortgage market, underpinned by market leading customer service.

“With these latest rate reductions, we aim to continue to help as many people as possible access the mortgages that they need.”