The new two-year BTL prime range offers rates starting from 3.89% at 75% loan-to-value (LTV) with a 3% fee and free valuation.

Other options in the range include rates of 4.54% with a 2% fee, 4.59% with a £4,000 fee, 4.79% with a £1,999 fee and 5.49% with no fee.

All these are available up to 75% LTV and include a free valuation.

For landlords purchasing or remortgaging houses in multiple occupation (HMO) or multi-unit blocks (MUB), rates start from 4.44% at 75% LTV with a 3% fee and free valuation.

The lender will also now offer free valuations on all BTL products.

Kensington Mortgages commercial director Andy Bickers says: “Our new 2-year BTL Prime products have been designed in direct response to broker feedback and reflect our commitment to giving landlords the choice and flexibility they need.”

Elsewhere, Shariah-complaint Gatehouse Bank has reduced rates by 0.31% on all two-year fixed term BTL purchase plans available for UK expats and international residents.

The new rates apply across standard and green two-year products, including for those customers seeking finance for HMOs and MUFBs.

Gatehouse Bank accepts applications from individuals as well as UK-registered SPV limited companies.

Following the changes, the bank’s rental rates on two-year BTL products start from 4.21% for UK expats and from 4.22% for international residents.

Gatehouse Bank head of customer propositions Gemma Donnelly comments: “Helping customers achieve their property ownership goals is something we take seriously at Gatehouse Bank and today’s changes will help even more customers residing overseas to access the finance they need.”