Kensington Mortgages has reduced rates by up to 0.25% on its residential two and 3-year fixes, up to 85% LTV.
On Kensington’s select and young professionals range, rates now start from 2.89% on a 2-year fix at 75% LTV, a reduction of 0.25%. Similarly, 3-year fixes now start at 3.19% on 75% LTV and 3.34% on 80% LTV – a reduction of 0.15%.
There have also been reductions of up to 0.2% on select products at 85% LTV. This leaves the current rate for a 2-year fixed product at 3.39% and, after a 0.1% reduction, at 3.69% for the 3-year fixed product.
Craig McKinlay, new business director, Kensington Mortgages, said: “At Kensington Mortgages, we’re committed to providing borrowers and brokers with the widest possible range of products at competitive rates, so that everyone can find the right product for their needs.
“This is true whether the borrower is a young professional looking for their first home, an older homeowner looking to move up the property ladder or an individual at any other stage of homeownership.”