Kensington has cut rates on Help to Buy and buy-to-let deals by up to 25 basis points.

Within its Help to Buy range, its two-year fixed has come down from 3.54 per cent to 3.29 per cent and its five year fixed has been cut from 4.14 per cent, both at 75 per cent loan-to-value.

The two deals include free valuations and £500 cashback.

In its buy-to-let range, Kensington has reduced the £70,000 minimum loan size to £25,001.

The new minimum applies to its products for includes individual landlords, limited companies, houses in multiple occupation, multi-unit blocks and properties with non-standard construction.

Within its buy-to-let range rates have been reduced at 85 per cent LTV by 25 basis points on two and five-year fixes, starting at 4.39 per cent and 5.09 per cent respectively.

These rates are down from 4.64 per cent and 5.34 per cent respectively.

Maximum loan sizes on its Select range have been increased to £2m up to 80 per cent LTV, £1.5m at 85 per cent LTV and £1m at 90 per cent LTV.

Kensington new business director Craig McKinlay says: “These rate reductions and other product changes seek to provide borrowers and landlords increased flexibility and choice across our ranges.

“While Help to Buy may soon be ending as we know it, we want to give first-time buyers, who may otherwise have been turned away from the high-street for being too ‘complex’, the best chance of home ownership.

“These changes reflect our continued commitment to helping underserved borrowers across the UK secure a competitive mortgage, and help those who the traditional and outdated criteria of banks don’t cater for onto the property ladder.”