Kensington Mortgages has reduced rates across its residential and buy-to-let products.

The specialist lender has reduced rates by up to 33bps across residential Select and Core products, up to 92.5% LTV. This also applies to Kensington’s new 82.5%, 87.5% and 92.5% rates, which were recently launched as part of its ‘Mid LTV’ range.

The lowest rates for Kensington’s Select offering include its five-year fixed rate, which starts at 5.29%, and two-year fixed rate starting at 5.79%, both of which include 75% LTV and a £999 fee. The lowest rates for Kensington’s Core products include its five-year fix, starting at 5.44%, and two-year fixed rate, which starts from 5.84%. Both products include 70% LTV and a £999 fee.

Kensington is also lowering rates by 20bps across its buy-to-let products, including limited company, HMO, and MUB. In addition, rates across Kensington’s Special buy-to-let products have been reduced by up to 40bps. The lowest buy-to-let rates offered by Kensington are its 70% LTV two-year Special fixed rate, which starts from 4.15%, and its 75% LTV five-year Special fixed rate, starting at 4.69%, both of which include a 5% fee and free valuation.

Vicki Harris, chief commercial officer at Kensington Mortgages, said: “Across our entire product range, Kensington continues to offer some of the most competitive rates available on the specialist mortgage market, underpinned by market leading customer service.

“With these latest rate reductions, we aim to continue to help as many people as possible access the mortgages that they need.”