Kensington Mortgages has introduced free valuations across all residential mortgage products while cutting rates across its residential and buy-to-let ranges.

The lender said the move extended its existing free valuation proposition on buy-to-let mortgages.

Kensington has reduced rates by up to 0.15% across its Residential Select products, including Heroes, Professional and Own New Rate Reducer mortgages.

Residential Select two-year and five-year fixed rates at 75% LTV now start from 5.59%.

The lender has also introduced new £1,999 fee products across its Residential Select five-year fixed range, replacing its previous £1,499 fee options.

These products include free valuations, while remortgage customers will continue to have a choice of free standard legal work or £250 cashback.

Kensington has also reduced rates across its buy-to-let Core range, including HMO and MUB mortgages, by up to 0.35%.

The Core range offers up to 80% LTV, with two-year fixed rates starting from 3.69% and five-year fixed rates from 5.12%.

Rates across the lender’s buy-to-let Prime range, which also includes HMO and MUB products, have also been cut by up to 0.35%.

The Prime range offers up to 75% LTV, with two-year fixed rates from 3.59% and five-year fixed rates from 4.79%.

Kensington has also reduced rates across its Prime eKo range by up to 0.25%, with two-year fixed rates now starting from 4.39% and five-year fixed rates from 4.97% at up to 75% LTV.

Andy Bickers, commercial director at Kensington Mortgages, said: “Extending free valuations across our entire Residential range is another way Kensington is working to make life easier for brokers and their clients at a time when many households continue to feel the impact of rising living costs.

“In a fast-moving market, brokers need certainty, speed, and strong support from lenders. That’s why we continue to provide two days’ notice on product changes, alongside continuous access to support through our BDM team, telephone BDMs, and webchat services.

“We also know that communication is critical to keeping cases moving. Every broker receives support from a dedicated mandated underwriter who remains their point of contact throughout the application process, with brokers who engage with those calls potentially able to reduce application-to-offer times by as much as 25%.

“Our sustained focus on combining competitive products with practical support helps to ensure brokers can deliver faster and more affordable outcomes for their clients.”