Kensington Mortgages has slashed rates across 70% of its residential mortgages, with cuts of up to 0.75%.
The lender’s rates will now start from 2.69% for loans under £500,000 and 2.34% for larger loans.
The rate changes also include reductions to new build mortgages with the two-year fixed (80% LTV) reduced from 3.59% to 3.04% (a reduction of 0.55%).
Steve Griffiths (pictured), sales and distribution director at Kensington parent company The Northview Group, said the reductions will allow brokers to choose a deal that offers “great value for money for a whole range of customers, from those with complex needs, the self-employed, to those seeking a large loan or wanting to buy a new property”.
