Kensington Mortgages has lowered rates for its residential mortgages.

Rates across Kensington’s Select range – including its Heroes, Professional, eKo, and Own New Rate Reducer products – have been cut by up to 0.24%. 

The change applies to Kensington’s two-year and five-year fixed term rates and across products from 80% to 95% LTV.

Kensington now offers two-year 90% LTV rates at 5.56% with a £1,999 fee, five-year 90% LTV rates from 5.72% with a £1,499 fee, two-year 95% LTV rates from 5.81% with a £1,999 fee, and five-year 95% LTV rates from 6.02% with a £1,499 fee.

Other new rates include Kensington’s two-year 95% LTV at 6.59% and its five-year 95% LTV at 6.30%, both of which include no fee and £1,000 cashback. 

All Kensington’s 95% LTV products also come with a free valuation and are for purchase only.

Separately, for Kensington’s Right to Buy products, their two-year fixed rate has been reduced by 0.50% and five-year fixed rate by 0.15%.

A spokesperson says: “From first-time buyers to professionals and those purchasing with smaller deposits, we’re focused on delivering pricing that genuinely supports affordability in today’s market. 

“But just as important as pricing is the certainty and support that underpin the Kensington experience – from swift turnaround times to direct access to our sales teams and dedicated underwriters. This combination of competitive pricing, specialist expertise and consistently high service standards is what continues to make Kensington a trusted partner for brokers supporting their residential clients.”