Within the Prime range, 75% LTV 2-year fixed rates now start at 3.49% with a 5% fee.
Kensington Mortgages has reduced rates by up to 25 basis points across selected buy-to-let products, including its Prime, Prime eKo, Core, and house in multiple occupation (HMO) and multi-unit block (MUB) ranges.
The changes apply to both 75% and 80% loan-to-value (LTV) products and were designed to strengthen the lender’s proposition for landlords.
Within the Prime range, 75% LTV 2-year fixed rates now start at 3.49% with a 5% fee.
Other options include 4.14% with a 3% fee and 5.63% with no fee.
For 5-year fixed rates at 75% LTV, pricing now starts at 4.59% with a 5% fee.
Additional options are available at 4.82% with a 3% fee, 5.12% with a £4,000 fee, 5.22% with a £1,499 fee and 5.34% with no fee.
Kensington has also reduced rates across its Prime HMO and multi-unit block (MUB) range, available in England, Scotland and Wales. Five-year fixed rates at 75% LTV are now available at 4.84% with a 5% fee and 5.09% with a 3% fee.
The lender also lowered rates across its Prime eKo range, which is available on properties with an EPC rating of A, B or C. Prime eKo products are priced 5bps below equivalent standard Prime rates.
Alongside the rate reductions, Kensington continues to offer free valuations across both its buy-to-let and residential mortgage products.
Andy Bickers, commercial director at Kensington Mortgages, said: “These latest changes to our BTL range strengthen our proposition across a broad range of landlord needs, from standard investment properties through to HMOs and MUBs.
“Competitive rates are only part of the picture, however. Brokers also need confidence that cases will be handled quickly and efficiently.
“That’s why Kensington continues to prioritise providing market-leading broker support, with brokers able to reach one of our desk BDMs in under a minute on average.
“Once a case is submitted, every broker is supported by a dedicated mandated underwriter who contacts them directly and remains a consistent point of contact throughout the application process, helping cases to progress as smoothly and quickly as possible.
“Our focus remains on making Kensington a lender that brokers can rely on, whether that’s through competitive pricing, specialist expertise or responsive support.
“By combining all three, we’re helping brokers secure the right solutions for landlord clients and progress cases with confidence.”