Pitt and Aitken join Kensington

Brian Pitt and Stuart Aitken were welcomed back into the mortgage market last week as they joined Kensington Group to investigate opportunities in the specialist lending sector.

Pitt resigned as director of sales and operations at Beacon Homeloans in May, two months after Aitken resigned as director of credit at South Pacific Mortgages Limited.

John Maltby, group chief executive at Kensington, says: “Kensington Mortgages pioneered the specialist lending market in 1995 and earlier this year received the Queen’s Award for Enterprise for innovation.

“But innovators do not stand still and we will take our pioneering app-roach to markets in which we can make a difference with our lending criteria, consistent service and competitive, risk-based pricing.”

He adds: “I’m pleased to have Pitt and Aitken on board to help explore the opportunities we have identified.”

Pitt says: “Kensington has successfully developed propositions across a number of product areas and distribution channels in various countries. We will build a team to explore expansion possibilities.”

Areas the pair will be looking at range from commercial and equity release to overseas mortgages.

Pitt had a stake in Australian lender Pepper Homeloans and has previously expressed an interest in the Canadian market.