Kensington Mortgages has reduced interest rates on its buy-to-let (BTL) mortgages, including its Prime, Core and eKo products.
Rates for Kensington’s core products with Loan-to-Value (LTV) up to 80% and prime mortgages with LTV up to 75% have both been reduced by up to 0.20%, including for the lender’s HMO and MUB products.
The lender’s 75% LTV two-year prime rates now start at 5.73% without fees, 5.39% with a £1,499 fee and 4.34% with a 3% fee.
In addition, the 75% LTV prime rate over five years now starts at 5.49% without fees and 5.37% with a £1,499 fee.
For premium eKo products, the lender’s 75% LTV has been reduced by up to 0.20%.
This includes two-year 75% LTV prime eKo rates at 5.68% without fees, 5.34% with a £1,499 fee and 4.29% with a 3% fee.
In addition, 75% of five-year eKo rates now start at 5.44% without fees and 5.32% with a £1,499 fee.
Kensington Commercial director of Mortgages Andy Bickers said: “These latest rate reductions reflect the continued commitment to supporting landlords with competitive, flexible options.”
“By reducing rates across our Core, Prime and eKo range, we are ensuring that agents and their clients have access to a wide selection of products to suit a variety of needs and property types.”
Meanwhile, Molo has slashed prices across its UK, non-UK and expat BTL product ranges.
The lender’s UK-based BTL rates now start from 2.98% on a two-year fixed rate of 55%, available to both individual borrowers and limited companies, while the five-year fixed rate starts at 4.73%.
For the specialist offering, which includes HMO, MUFB, new build and holiday lets, two-year fixed rates now start at 3.14%, with five-year fixed rates from 4.89%.
Prices for non-UK residents and expat borrowers have also been reduced, with rates starting from 4.78%.
Molo distribution director Martin Sims comments: “In today’s market, competitive pricing remains critical to helping agents deliver workable Buy-to-let solutions.”
Elsewhere, Leek Building Society has increased prices on BTL limited liability products.