New rates on its residential select offering now start from 5.29% for 65% and 75% loan-to-value (LTV), 6.09% for 90% LTV, and 6.44% for 95% LTV.

For its residential select special rates, which offer £1,000 cashback, the lender’s 65% LTV two year fixed is now available at 5.39% with a £1,499 fee and free valuation.

Across its 95% LTV special rates, it is offering 7.24% for two years fixed, 7.14% for three years fixed, and 6.79% for five years fixed.

All special 95% LTV rates include no fee and a free valuation.

In addition, rates have been reduced for landlord clients across core and prime BTL ranges.

Kensington’s Core rates now offer 70% LTV starting from 3.19% while its prime rates offer 75% LTV starting from 4.39%.

Both are available to individuals and limited companies and include identical pricing and fees.

Kensington Mortgages commercial director Andy Bickers says: “The introduction of reduced rates across our residential and BTL products has further strengthened the competitiveness of Kensington’s proposition.”

Elsewhere, Furness Building Society has reduced rates across its full range of residential, BTL and holiday let mortgages.

The updated range includes a two-year fixed rate at 4.55% for residential cases up to 90% LTV.

In the shared ownership range, rates now start from just 4.24%, with products available up to 95% Loan to Share (75% LTV).

Furness Building Society head of member and broker strategy Jonathan Cartlidge states: “We know how important it is for brokers to have options for clients who need a more personal approach.”

“Whether it’s a first-time buyer using Shared Ownership, or someone with non-standard income, our underwriters take the time to understand the case. These new rates – across all our key product areas – are another way we’re making it easier for brokers to place those trickier cases.”