Kensington Mortgages has cut rates across its residential and buy-to-let product range.
The lender, part of the Northview Group, has launched a new 2.99% rate on its two-year fixed-rate residential mortgage, with up to 75% loan-to-value (LTV).
In addition, Kensington has slashed rates on its large loan products. Rates now start at 2.49%.
In regards to Kensington's buy-to-let range, there are cuts to its one year fixed-rate at 70% LTV (down by 0.35%) and its two-year product at 70% LTV (by 0.30%).
The lender's one-year fixed-rate residential large loan is also now on offer at the lower rate of 2.99%, at 70% LTV.
“We are always focused on offering borrowers a competitive option in the specialist lending market, via the intermediary channel, and as part of that mission we are pleased to launch a sub-3% rate on some of our residential mortgages, including our large loan product,” Steve Griffiths, Director of Sales & Distribution at The Northview Group, said.
“Offering great value deals remain at our core at Kensington, and today’s changes form part of a package that provides borrowers, whether they be self-employed or have multiple income streams, with a solution that recognises their real life circumstances.”