Related topic: Mortgage rates

Higher LTI ratios and greater product choice offset rising rates for first-time buyers.

Kensington has also raised maximum loan sizes across its eKo range.

The Society has cut 80% and 90% LTV rates and introduced new fee options to support borrowers with higher loan sizes.

A number of the products are specifically aimed at supporting first-time buyers and come with £500 cashback.

The changes include notable reductions on the Society’s discounted buy-to-let products.

Rate reductions include near prime and large loans, with buy-to-let rates now starting from 2.99%.

Wider market uncertainty is starting to impact mortgage rate setting.

Purchase, green home, Great Escape and EMC Reward products will all see rate increases.

The Society has reduced residential and buy-to-let rates, including Income Flex.

The increases span purchase, remortgage and product transfers.