Kensington Mortgages has cut buy-to-let rates by up to 0.45 percentage points, with rates starting from 2.69% for a two-year fixed rate at 70% LTV.

The updated proposals will also include new zero completion fees and free valuations products, as well as a new one-year ERC fixed rate.

Craig McKinlay, sales and marketing director at Kensington Mortgages, said: “At Kensington, our focus is, and always has been, to help Britain’s underserved borrowers and we are delighted to be able to offer buy-to-let landlords higher LTV’s, reduced rates across the board and a wider selection of products to choose from.

“These latest changes reinforce our commitment to the growing specialist lending market as we reach out to a wider customer base and provide more flexibility for buy-to-let landlords.

“I’m confident that this latest enhancement to our buy-to-let range will be received positively by our intermediaries. What’s more, this is a continuation in a series of announcements that we at Kensington will be making to further enhance our buy-to-let range and will be sharing over the coming weeks.”