Rates now start from 4.14%.

Despite this, the annual growth rate for net mortgage lending hit a record low in November.

A third of commercial brokers reported at least a 10% increase in applications.

Holiday let products will see the largest reductions.

Connect members now have access to all of the Society’s products, including their packaged products.

Internal product transfers increased by 11% in 2023.

The range is aimed at first-time buyers, mixed income earners and credit-impaired homeowners.

Kensington is offering cashback on all residential and buy-to-let products until the end of January.

Remortgage customers will benefit from the latest reductions.

The lender is now offering all five-year rates at sub-5%.