Kensington Mortgages has lowered rates by up to 0.47% across its residential Select and Core products, including its Heroes, Professional, eKo and Own New Rate Reducer ranges.

Two-year and five-year fixed rate mortgages at 75% LTV now start from 4.86% with a £1,999 fee and 5.01% with a £1,499 fee.

The lender has also introduced a set of Special rates on its residential Select two-year fixes. For both remortgage and purchase, it is offering 75% LTV at 4.86%, 80% LTV at 5.04%, 85% LTV at 5.19% and 90% LTV at 5.59%.

For purchase only, a 95% LTV option is now priced at 5.96%.

These products carry a £1,999 fee and include a free valuation, with remortgagers able to choose between £250 cashback or free standard legals.

On buy-to-let, Kensington has reduced rates on five-year 75% LTV products across both Prime and Core ranges, trimming up to 0.10% on standard options and up to 0.20% on HMO and MUB products.

Five-year 75% LTV buy-to-let Prime mortgages now start at 4.83% with a £4,000 fee, 5.09% with no fee, and 4.49% with a 3% fee.

The lender is also offering five-year 75% LTV Prime HMO and MUB products at 5.19% with a £4,000 fee, 5.54% with no fee and 4.89% with a 3% fee.

All buy-to-let products come with a free valuation.

Andy Bickers, commercial director at Kensington Mortgages, said: “These latest reductions reinforce our commitment to offering brokers and their clients some of the most competitive and thoughtfully structured products across residential and buy-to-let in the market.

“Yet, while pricing is important, it is the strength of Kensington’s end-to-end process that truly differentiates us. Our sales teams work closely with brokers to ensure their clients are matched with the right product from the outset, and our model of direct access to a dedicated underwriter provides clarity, speed, and confidence throughout the journey.

“This integrated approach remains central to the service our broker partners can expect from us today.”