Kensington's return is welcomed
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Kensington’s return to the inter-mediary mortgage market has been welcomed by brokers.
The former specialist lender says it is taking a cautious approach and it has launched through just three distribution partners.
Kensington is offering a prime two-year fixed rate with a maximum LTV of 65% and fee of £1,300. This is available through Pink Group, Openwork and Legal & General.
At this time last year the lender announced it was pulling out of the market.
Rob Jupp, director of Savills Lending Solutions, says: “This is fantastic news although Kensington is bound to be cautious in the short term. But it’s still heartening and we should remember that it is a broker-based lender.”
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