Kensington Mortgages has reduced rates across its buy-to-let mortgage range, cutting pricing by up to 25 basis points.

The changes apply to two-year and five-year fixed rates up to 80% loan-to-value across Kensington’s Prime and Core ranges, including limited company borrowing.

The lender has also introduced a new £1,499 fee option to its Core range, aligning it with an option already available within the Prime range. The new fee applies to both two-year and five-year fixed-rate products.

Following the reductions, Kensington now offers two-year fixed rates at 75% LTV from 2.99% with a 5% fee, 3.74% with a 3% fee, 5.29% with no fee, and 4.79% with a £1,499 fee.

Five-year fixed rates at the same LTV are now available from 4.74% with a £4,000 fee, 4.32% with a 3% fee, and 4.99% with no fee.

All Kensington buy-to-let products continue to include a free valuation. This applies across the Core and Prime ranges, as well as houses in multiple occupation, multi-unit blocks and limited company products.

Andy Bickers, Kensington’s commercial director, said: “These latest rate reductions reflect our ongoing commitment to supporting buy-to-let customers with both competitive pricing and a consistently high level of service.

“While rates matter, we know that certainty and delivery are just as important to brokers and their clients. At Kensington, we don’t rely on credit scoring or charge any upfront application fees, with every case individually assessed by a dedicated underwriter from day one through to completion.

“This approach allows us to look beyond the numbers, understand each customer’s circumstances, and provide the certainty and service that brokers and landlords value in a changing market.”