The changes apply to the lender’s two- and five-year fixed rates up to 80% loan to value (LTV) and cover its prime and core ranges, including limited company deals.
The firm’s two-year fixed 75% LTV rate with a 5% fee will be priced at 2.99%, while it is 3.74% with a 3% fee, 5.29% with no fee, and 4.79% with a £1,499 fee.
Kensington Mortgages’ five-year fixed rates at 75% LTV come to 4.74% with a £4,000 fee, 4.32% with a 3% fee and 4.99% with no fee.
The lender has also introduced a £1,499 fee option to its core range, which applies to its two- and five-year fixed rates.
All products offer a free valuation, including its core and prime ranges, houses of multiple occupation (HMOs) and multi-unit blocks (MUBs) and limited company deals.
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Andy Bickers, commercial director at Kensington Mortgages, said: “These latest rate reductions reflect our ongoing commitment to supporting BTL customers with both competitive pricing and a consistently high level of service. While rates matter, we know that certainty and delivery are just as important to brokers and their clients.
“At Kensington, we don’t rely on credit scoring or charge any upfront application fees, with every case individually assessed by a dedicated underwriter from day one through to completion. This approach allows us to look beyond the numbers, understand each customer’s circumstances, and provide the certainty and service that brokers and landlords value in a changing market.”
Earlier this month, the firm lowered residential rates.
Molo cuts BTL rates
Molo has lowered pricing across its UK resident BTL deals by up to 0.1% for standard deals and 0.05% across its specialist deals.
Pricing starts from 2.44% for a two-year fixed rate, available to individual landlords and limited companies at 75% LTV, and five-year fixed rates start at 4.24%.
Specialist rates, which cover HMOs, portfolio landlords, new builds and holiday lets, start from 2.7% for two-year fixed rates and 4.49% for five-year fixed rate deals. There is no premium for larger properties of six-plus rooms or units.
Martin Sims, Molo’s distribution director, said: “As rates settle, we intend to maintain a competitive stance. These cuts are intended to demonstrate our commitment to remain responsive to ever-changing market conditions. Our simple aim is to make it easier for intermediaries to place client business.”
Market Harborough BS lowers fixed rates
Market Harborough Building Society has lowered selected fixed rates by up to 0.13%, with cuts made to residential, BTL, expat client and high-net-worth (HNW) deals.
Rates across its residential and let mortgages have been lowered by 0.12% for two-year fixed rates, 0.13% for three-year fixed rates and 0.07% for five-year fixed rates.
Pricing starts from 4.98% for a fixed rate and 5.05% variable for residential tier one cases up to 75% LTV with a £1,495 product fee.
Rates begin from 5.39% for a fixed rate and 5.46% variable for let tier one cases up to 75% LTV, including top-slicing and lending into retirement as standard.
Iain Smith, head of mortgage distribution at Market Harborough, said: “Supporting brokers with competitive, well‑structured products remains central to our strategy. These latest reductions reflect our ongoing commitment to providing brokers with solutions that meet the needs of a wide range of client profiles, including those with more complex circumstances – and are backed by our award-winning service.”
