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Ian Giles to leave Kensington

Ian Giles, director of marketing and communications at Kensington Group, is set to leave the lender at Christmas as part of its recently announced restructure.

Kensington will focus on existing customers and asset management in 2009 and it announced at the end of November that 60 members of staff were set to be made redundant, although 20 new roles were also being created.

As a result Giles says now is the right moment to say goodbye to Kensington and start looking for a new challenge elsewhere.

He says: “I have had a great time at Kensington, experiencing the buoyant market of 2006, the excitement of the sale to Investec in 2007 and the many
challenges of reputational management in 2008.

“I will really miss my Kensington colleagues and all the great people with whom I have had the pleasure of working over the last 3 years.”


Marketwatch 01/12/2008

Swaps continued to fall rapidly last week and one-year swaps dropped below 3%. But these reductions have not been passed onto borrowers so far. The biggest discrepancies seem to be in five-year fixed rates, where best buys are around 5%. This means there are 1.3% margins even on 60% LTV deals.

RBS IP cuts fixed rates

Royal Bank of Scotland Intermediary Partners has cut the rates on its select 2-year fixed rate products.


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