Kensington Mortgages has made rate changes across its buy-to-let mortgage range.

Rates have decreased by 0.4 percentage points on two and five-year fixes, up to 75% loan to value (LTV).

Rates now start at 2.54% for a two-year fixed and 3.64% for a five-year fixed, at 70% LTV.

Rates have fallen to 2.69% and 3.79% at 75% LTV for two and five-year fixes respectively.

In addition, a two-year fix at 80% LTV now starts at 3.24% and 4.09% for five-year – a reduction of 0.25 percentage points. Cuts up to 0.4 percentage points have also been applied to Kensington’s houses of multiple occupation and multi-purpose blocks buy-to-let range available across purchase and remortgage.

As part of this latest update, Kensington has also launched a new combined £250 cashback and free valuation, to sit alongside its current free legals and free valuation. This new offer is available on the residential and buy-to-let including limited company remortgages.

Kensington has also expanded beyond traditional brick and tile properties, with applicable properties on its new Property Plus range available up to 75% LTV, with rates from 3.19% available on two, three and five-year fixes.

Craig McKinlay, new business director at Kensington Mortgages, said: “The private rental sector is a vital part of our housing market. We’re always keen to empower landlords across the UK by increasing the options available to them.

“These rate cuts will provide buy-to-let landlords and the brokers who support them with even greater flexibility. Kensington has grown and we are committed to passing these benefits on to our customers – lending with our head and heart.”