The product changes, which are available immediately, mean rates now start at 2.54 per cent for a two-year fixed rate and 3.64 per cent for a five-year fixed rate at 70 per cent LTV.
The cuts have applied across Kensington’s range of buy-to-let deals for HMOs and multi-purpose blocks, available across both remortgage purchase cases.
Alongside the rate reductions, the lender has also launched a new combined £250 cashback and free valuation, available on residential and buy-to-let deals, including limited company remortgages.
Craig McKinlay, new business director at Kensington Mortgages, (pictured) said the lender was “keen to empower landlords” across the country by increasing the number of options open to them.
He continued: “These rate cuts will provide buy-to-let landlords and the brokers who support them with even greater flexibility. Kensington has grown and we are committed to passing these benefits on to our customers – lending with our head and heart.”