Kensington has made rate reductions to its residential and buy-to-let products.

The specialist lender has also expanded its distribution to the whole market and made its online system, E-KWIP, available to all intermediaries.

Two and three-year prime fixed rates up to 80% have been cut by 0.25 percentage points, while fixes up to 75% have been cut by between 0.15 and 0.20 percentage points.

With buy-to-let, Kensington has cut its two and three-year fixes by 0.20 percentage points (up to 75% LTV).

All directly authorised intermediary can now access Kensington’s full range of residential and buy-to-let products if they use one of Kensington’s recognised distribution partners, which now includes all directly authorised intermediaries transacting through Pink & BDS Mortgage Group, Mortgage Intelligence and PMS.

This is in addition to intermediaries who access Kensington through its previously established appointed representative network and directly authorised brokers transacting through Legal & General Mortgage Club.

Kensington has launched its E-KWIP online application system to all of its intermediaries. From now on, every application submitted to Kensington will need to be done so online and the booking of funds will take place automatically on receipt of a full mortgage application.

While the lender will honour any paper applications that have already been made, it will not accept submissions by post after the close of business on Friday 5 November.

Charles Morley, head of sales and product development at Kensington, said: “It must be incredibly frustrating for customers who are overlooked for a mortgage by the high street simply because their circumstances do not fit the mould. Fortunately