Related topic: Mortgage rates

Mortgage product numbers have seen their biggest decline since the aftermath of the mini-Budget in September 2022.

The increases reverse many of the rate cuts introduced early last week.

The lender has increased rates across its residential and buy-to-let mortgage ranges.

Some mortgage lenders cancelled planned rate cuts earlier in the week while others have increased rates.

The bank has announced a range of rate reductions across higher LTV first-time buyer products – including its new 98% LTV My First Mortgage.

Transactions dipped by 5% from December but remain steady compared with January 2025.

First-time buyers and existing customers will both benefit from the latest reductions.

The mortgages are Kensington’s product ranges for clients who have a more complex credit history.

The reductions apply to new business and rate switcher products.

The new EPC A-C products are available up to 75% LTV across all three of the lender’s ranges.