Kensington has reduces mortgages rates by up to 0.6 percentage points across its buy-to-let and residential product range.

Buy-to-let rates are reduced by up to 0.6 percentage points and now start from 3.54% for LTVs of 70% and 3.74% for LTVs of 75%.

Kensington’s residential rates now start from 3.09% for borrowers with 65% LTV and 3.19% for 75% LTV, following a 0.30 percentage point cut. At 80% LTV, rates start at 3.69%. A range of fee options are available.

Steve Griffiths, head of sales and distribution at Kensington, said: “Our focus is on providing competitively priced mortgages and unrivalled service on applications that require individual underwriting.

“Feedback from brokers shows there is growing demand for competitive rates and increased choice for landlords as well as for self-employed applicants and people who work on contracts or who have incomes which are too complex for the High Street to handle.”

David Hollingworth, associate director of communications at London and Country Mortgages, added: “The mortgage market is offering very competitive rates at the moment but many borrowers can still find it hard to tick all the boxes for some high street lenders.

“Alternative approaches to cater for borrowers who are self employed or have a more complex income are therefore very welcome. Rate cuts from a specialist lender like Kensington can only be good news for brokers and their clients.”