Related topic: Mortgage 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.

Residential rates are reducing at lower LTVs but increasing at 95% LTV.

Rates have reduced across the lender's premier, core and specialist ranges.

Buy-to-let rates have also reduced by up to 0.24%.

Rates now start at 4.15% for UK expats and 4.16% for international residents.