Brightstar has become the first firm to join Kensington’s new specialist distributor panel.
Essex-based Brightstar will offer Kensington’s core range of residential and buy-to-let products in addition to a 90 per cent LTV residential semi-exclusive.
Rates on the 90 per cent LTV product start from 4.89 per cent for a two-year fixed rate and 5.19 per cent for a three-year fixed rate.
Kensington recently announced it would use packagers for the first time since returning to new lending in 2008. It will announce the remaining packagers on panel within the coming weeks.
Brightstar director of mortgages and buy-to-let Chris Bramham says: “This is a welcome return of Kensington to the specialist distribution channel and we are delighted to become the first distributor to work with the lender.
“We will begin by offering Kensington’s core range in addition to a 90 per cent LTV semi-exclusive, and we are looking forward to working with them to develop new products and provide more options for our brokers to place their specialist cases.”
Kensington head of sales and distribution Steve Griffiths says: “Specialist distributors have proven key for Kensington in the past as they provide brokers with a simple way of sourcing and placing their more complex cases, and we are really excited about partnering with Brightstar and re-establishing this channel as we continue to grow our business.
“This is a great opportunity to leverage Brightstar’s extended reach and packaging capability to help more customers whose real life circumstances get in the way of a standard mortgage application.”