Kensington Mortgages has announced a number of changes to its mortgage offering in both residential and buy-to-let.

Changes include the launch of a new 95% LTV mortgage.

The new residential Select 95% LTV mortgage will be available to first time buyers and home movers covering both two-year and five-year fixed terms. The rates start at 4.64% for a two-year term.

Fixed term rates for buy-to-let core products have been cut by up to 0.20 percentage points at the top level of LTV (85%), while buy-to-let core rates for Kensington’s 85% LTV mortgages now start at 3.99% for a two-year fixed rate.

In addition, five-year rates now have individual low reversion margin.

Kensington’s 90% LTV residential range distribution has now expanded to all KMC registered brokers.

Craig McKinlay, sales & marketing director at Kensington Mortgages, said: “Buying a home is an ambition for thousands of people across the UK, but in many cases the first or next step can be hindered by the challenge of saving for a bigger deposit. These latest updates further reinforce our commitment to supporting underserved borrowers across the UK, a mission has always been at the heart of Kensington, by improving the options to individuals looking to step onto or up the housing ladder.

“We’ve made a number of significant changes to our product range over the last six months, all of which have been received positively by intermediaries, and this latest update shows that we remain committed to developing our proposition to provide even more support to advisers and their clients.”