Kensington Mortgages has cut rates across its buy-to-let mortgage ranges by up to 0.35%, effective 1 June, while also extending free valuations to cover its full residential product range.
The BTL reductions span the lender's Core, Prime and Prime eKo ranges, all of which include HMO and multi-unit block (MUB) mortgages. The Core range now offers up to 80% LTV, with two-year fixed rates from 3.69% and five-year fixed rates from 5.12%.
The Prime range, available up to 75% LTV, has two-year fixed rates starting from 3.59% and five-year rates from 4.79%. Rates on the Prime eKo range have been reduced by up to 0.25%, with two-year fixes from 4.39% and five-year fixes from 4.97%, also up to 75% LTV.
On the residential side, Kensington has reduced rates by up to 0.15% across its Residential Select products, which include Heroes, Professional and Own New Rate Reducer mortgages. Two- and five-year fixed rates at 75% LTV now start from 5.59%.
The lender has also introduced new £1,999 fee products across the Residential Select five-year fixed range, replacing the previous £1,499 fee options. Remortgage customers continue to choose between free standard legals or £250 cashback.
Free valuations, previously available on all BTL products, now extend to the full residential range.
"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," said Andy Bickers, commercial director at Kensington Mortgages.
"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."
