The lender’s Select range now starts from 2.49% at 75% loan-to-value (LTV) and 2.99% at 85% LTV, a 0.20% reduction to the two-year fixed rates.
The residential five-year fixed rate at 85% LTV has been cut by 0.40% to 3.79%, and its two-year fixed products have been cut by 0.30% to 2.64% (75% LTV) and 2.74% (80% LTV).
Buy-to-let loans have seen reductions of 0.20% across its five-year fixed range.
Kensington has also introduced changes on its residential large loans proposition, with rates now starting from 2.39% with zero completion fee on the one-year fixed option.
It has made cuts of at least 0.30% across its new build range, including 0.40% on its residential new build five-year fixed product.
Steve Griffiths (pictured), director of sales and distribution at The Northview Group, said the changes were going ahead regardless of the rate rise by the Bank of England.
“Whether our customers are self-employed, contractors, or have complex income streams, we are committed to offering a variety of competitive products to meet changing demands and needs of our clients, and we are confident that these reductions will be welcomed by brokers and customers alike,” he said.