Kensington Mortgages has announced widespread rate reductions across its residential and buy-to-let mortgage products, cutting rates by as much as 155 basis points in some cases.

The most substantial changes are found in Kensington’s buy-to-let ranges. Landlords will see rates in the lender’s Core offering fall to 3.19% at 70% loan-to-value (LTV), while its Prime buy-to-let range now begins at 4.39% for 75% LTV.

The revised pricing is available to both individual landlords and limited companies, with identical terms and fees across both borrower types.

Residential customers will also benefit from rate cuts, with Kensington’s Select range reduced by up to 55 basis points. New standard rates start from 5.29% at 65% and 75% LTV. At higher LTVs, the lender is offering 6.09% at 90% LTV and 6.44% at 95% LTV.

The lender’s Select special rate products, which include a £1,000 cashback incentive, have also been revised. These include a 65% LTV two-year fixed rate at 5.39% with a £1,499 fee and free valuation. At 95% LTV, rates begin at 7.24% for a two-year fix, with three- and five-year fixes at 7.14% and 6.79% respectively. All special 95% LTV products come with no fee and a free valuation.

The lender does not use automated credit scoring or charge upfront application fees, and assigns each case to a dedicated underwriter to manage the process through to completion.

Andy Bickers, commercial director at Kensington Mortgages, said the changes were part of a broader push to remain competitive. “The introduction of reduced rates across our residential and buy-to-let products has further strengthened the competitiveness of Kensington’s proposition. Yet what continues to truly differentiate us is the end-to-end support we provide for our broker partners,” he said.

Bickers pointed to Kensington’s 12-day average application-to-offer turnaround and direct access to underwriters as central to its appeal among intermediaries.