Kensington Mortgages has lowered rates across its residential and buy-to-let (BTL) products. 

Rates have been reduced by up to 33 basis points across residential select and core products, up to 92.5% loan-to-value (LTV).

The rates also apply to Kensington’s new 82.5%, 87.5% and 92.5% rates, recently launched as part of its mid-LTV range. 

In the lender’s select offering, a five-year fix starts at 5.29% while a two-year fix rate starts at 5.79%. Both of these include 75% LTV and a fee of £999. 

Meanwhile, in the lender’s core range, a five-year fix starts at 5.44% and a two-year fix starts at 5.84%. Both products include 70% LTV and a £999 fee. 

Rates have also been lowered by 20bps across its BTL products, including limited company, houses of multiple occupancy and multi-use buildings.  

Elsewhere, special BTL products have been reduced by up to 40 bps. The lowest BTL rate is the 70% LTV two-year special fixed rate, which starts from 4.15%, and the 75% LTV five-year special fixed rate which starts at 4.69%. Both include a 5% fee and free valuation.

Kensington Mortgages chief commercial officer Vicki Harris says: “With these latest rate reductions, we aim to continue to help as many people as possible access the mortgages that they need.”