Kensington Mortgages has cut rates by up to 0.40 per cent along and brought back 85 per cent LTV lending.

These rate cuts occur across the lender’s residential products and sees 75 per cent LTV two-year fixes starting at 3.09 per cent.

At 70 per cent LTV, the Select range two-year fix now starts at 1.99 per cent and at 85 per cent LTV, the two-year rate fix begins at 3.84 per cent.

The Hero range, meanwhile, now starts at 3.84 per cent for a two-year fix at 85 per cent LTV.

Kensington has also upped the minimum loan amount with this range, from £750,000 to £850,000 for residential mortgages and from £500,000 to £750,000 for buy-to-let.

On the subject of BTL, here, cuts of up to 0.30 per cent means that at 75 per cent LTV two-year fix starts at 3.59 per cent and the five-year fix at 3.94 per cent

Additionally, the lender has brought back its eKo cashback mortgage, which sees borrowers receive £1,000 if their home hits certain energy performance certificate metrics.

Kensington Mortgages business director Craig McKinlay: “Our rate cuts reinforce our commitment to helping borrowers who are underserved and undervalued by high-street lenders and we’re confident these latest offerings will be welcomed.”