Kensington Mortgages will reduce rate across its residential mortgage range tomorrow (27 April).

Rate reductions range between 10 and 75 basis points, with rates starting from 2.69% for loans less than £500,000 and 2.34% for loans greater than this.

The rate changes announced by the lender, which is part of The Northview Group, also include reductions to New Build mortgages with the two-year fixed rate at 80% LTV reduced from 3.59% to 3.04%.

Steve Griffiths, sales and distribution director at The Northview Group, said: “The breadth and depth of these reductions will allow brokers to choose a deal that offers great value for money for a whole range of customers, from those with complex needs, the self-employed, to those seeking a large loan or wanting to buy a new property.

“Kensington is not only a lender that continues to drive value for money for borrowers with complex needs, but we leverage the experience of our underwriters to personally review each case on its merits and do not credit score. We are confident that these new rates will prove attractive with our intermediary partners and customers alike.”