Kensington Mortgages has applied rate cuts of up to 25 basis points (bps) to its buy-to-let (BTL) range.
The cuts have been applied to its Prime, Prime eKo, Core, house in multiple occupation (HMO) and multi-unit freehold block (MUB) ranges and apply to both 75% and 80% loan-to-value (LTV) deals.
For Kensington Mortgages’ Prime range, 75% LTV two-year fixed rates now start from 3.49% with a 5% fee, alongside options at 4.14% with a 3% fee and 5.63% with no fee.
Five-year fixed rates in the same LTV bracket now start from 4.59% with a 5% fee, with further options available from 4.82% with a 3% fee, 5.12% with a £4,000 fee, 5.22% with a £1,499 fee, and 5.34% with no fee.
Kensington Mortgages has also lowered rates across its Prime HMO and MUB range, available in England, Scotland, and Wales. Landlords can now access five-year fixed rates at 75% LTV at 4.84% with a 5% fee and 5.09% with a 3% fee.
Andy Bickers, commercial director at Kensington Mortgages, said: “Competitive rates are only part of the picture, however. Brokers also need confidence that cases will be handled quickly and efficiently.
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“That’s why Kensington continues to prioritise providing market-leading broker support, with brokers able to reach one of our desk business development managers in under a minute on average.”
Earlier this month, the firm hired two business development managers (BDMs).