View more on these topics

Kensington simplifies adverse credit range

Kensington Mortgages has merged its Simple and Extra Choices ranges into a single adverse credit range in a bid to simplify its proposition.

The adverse range includes near prime products which allow up to 500 in County Court judgements, through to high adverse which accept unlimited CCJs and arrears.

Fixed rates start from 5.54% and there are no overhanging early repayment charges or higher lending charges on any products. Income multiples have also been increased to up to 4.25 x single income plus 1 x additional income, or 3.5 x joint income.

Ian Giles, director of marketing at Kensington, says: “These products are priced competitively, combine the best elements of both ranges and offer the simplicity of one range to brokers.”

David Mead, director of Flexible Mortgages, says: “Anything that simplifies the sub-prime market is good. Lenders have hundreds of deals with an infinite amount of nuances, so this will make brokers’ lives easier.”


“The Horse” rejoins BM Solutions

Dave Horsman, former edeus head of national accounts, has officially rejoined BM Solutions. Horseman, a former BDM with BM Solutions, quit the HBOS subsidiary last year to join Michael Bolton’s start-up. But that move proved short lived, Horsman quitting edeus earlier this year after the lender restructured its proposition.Horsman had been widely expected to go […]

Brits plan for pension before purchasing property

Pensions research released by AXA shows the average British person starts planning for their retirement before taking a first step on the property ladder. Britons start planning for their retirement at the age of 28, but dont purchase a property until they are 29.The UKs workers take the lead on retirement planning worldwide with those […]

Freedom joins BDS’ lender panel

Freedom Lending has joined BDS Mortgage Group’s lender panel, bringing the number of lenders on the packager’s panel to 27.


News and expert analysis straight to your inbox

Sign up