Kensington Mortgage Company, the UK’s first sup-prime mortgage lender is becoming more aggressive in its drive to accommodate the massive demand for specialist lending products by attracting borrowers who may have been refused mortgages and 'left out in the cold' by high street lenders.
This move, whist encouraging will not satisfy the broker market who are now competing with lenders aggressive direct to consumer lending, many lenders are accused of "cherry picking" their customers attracting them with headline rates that they do not qualify for. Kensington Mortgage Company was established in 1995 and sells its products via mortgage brokers and packagers with whom it claims to be in constant dialogue with.
There are new rates for customers available form Kensington Mortgage Company who have defaults or County Court Judgements during the last two years these will be shown on a mortgage credit check, however, the borrower must now be up to date with any payments to qualify for an advance. The maximum loan size available has been increased to 500k. The products include two year fixed rates and discount mortgages .
Mis-sold Mortgage Claims > Mortgage News
Sub-prime lender in drive to help borrowers left out in the cold
Fri, 20 Aug 2010
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