Kensington mortgages 'champion customers' cause'

Date:Tuesday 26th October 2010
Author: Max Freedman

Customers who have been overlooked by high street banks may be able to secure home finance with Kensington mortgages, according to a source from the firm.

Charles Morley, head of sales and product development at the company, claimed the organisation is committed to judging each case on its own merits, in an effort to ensure as many customers as possible can receive mortgage funding.

He said: "It must be incredibly frustrating for customers who are overlooked for a mortgage by the high street simply because their circumstances do not fit the mould."

Mr Morley's comments were made after several Kensington mortgages had their interest rates reduced by up to 0.25 percentage points, including a two-year fixed-rate for up to 80 per cent loan-to-value arrangements, which is now available at 5.44 per cent.

The company spokesperson also championed E-KWIP, which stands for Electronic-Kensington Web Intermediary Portal and was released in the summer to aid intermediaries in dealing with clients.