Kensington Mortgages has launched a 2-year residential mortgage rate at 1.94%.

The new rate is available on Kensington’s Select range at 70% loan-to-value (LTV) with a completion fee of £999.

Craig McKinlay (pictured), new business director at Kensington Mortgages, said: “We’re always striving to offer the most competitive and affordable deals to help all borrowers at every stage of life.

“Our newest rate is one of the lowest available on the market from a specialist lender and we feel this shows our continued commitment to helping those who are underserved.”

Sign up to our daily email