On the BTL range rates are cut up to 0.4% and now start at 2.99% for a 2-year fix at 75% loan-to-value (LTV). There is also a special edition rate at 2.59% for a 2-year fix at 75% LTV.

For houses in multiple occupation (HMOs) and multi-unit blocks (MUB) rates start at 3.39% and for Property Plus at 3.19% – each for a 2-year fix at 75% LTV, respectively.

On the residential front rates start from 3.25% for a 2-year fix at 75% LTV and 5.19% for a 2-year fix at 90% LTV. Kensington recently reinstated its large loan offering, up to £2m, at up to 80% LTV, in addition to offering a special edition rate at 1.99% for a two-year fix at 70% LTV.

Although new applications to the Scottish First Home Fund scheme have now been closed by the government, any pre-existing or ongoing applications will be accepted by Kensington. Rates start from 4.54% for a 2-year fix at 75% LTV.

Craig McKinlay (pictured), new business director at Kensington Mortgages, said: “We’re committed to helping intermediaries and borrowers with bespoke products for every life stage.

“We’re delighted to offer rate reductions across our Buy to Let range and to have these special rates at 1.99% on residential and 2.59% on BTL which will open up new opportunities for intermediaries and reinforce our commitment to helping borrowers who are underserved and undervalued by high-street lenders.”