Kensington Mortgages has introduced new rates across its residential mortgage range.

The specialist lender has reduced rates by up to 0.25 percentage points on its residential two and three-year fixes, up to 85% LTV.

With Kensington’s Select and Young Professionals range, rates now start from 2.89% on a two-year fix at 75% LTV, a reduction of 0.25 percentage points.

Meanwhile, three-year fixes now start at 3.19% on 75% LTV and 3.34% on 80% LTV – a reduction of 0.15 percentage points.

There have also been reductions of up to 0.2 percentage points on Select products at 85% LTV. This leaves the current rate for a two-year fixed product at 3.39% and, after a 0.1 percentage point reduction, at 3.69% for the three-year fixed product.

Craig McKinlay, new business director at Kensington Mortgages, said: “At Kensington Mortgages, we’re committed to providing borrowers and brokers with the widest possible range of products at competitive rates, so that everyone can find the right product for their needs.

“This is true whether the borrower is a young professional looking for their first home, an older homeowner looking to move up the property ladder or an individual at any other stage of homeownership.”