The lender hopes the change will make it simpler for intermediaries to choose the relevant products for their client, with one range available to all brokers whether they choose to deal direct with Kensington or go through a packager.
The adverse range products range from “near prime”, with accepts up to £500 CCJs, to “high and”, which allows unlimited levels of both CCJs and arrears.
Fixed rates are available from 5.54% and there are no overhanging early repayment charges or higher lending charges on any product. Increase multiples have also been increased, with lending now available up to 4.25+1 or 3.5 joint incomes.
Ian Giles, director of marketing at Kensington Mortgages, commented: “Kensington’s new Adverse products are priced competitively, combine the best elements of Simple and Extra Choices and offer the simplicity of one range to all intermediaries. We are making it easier for brokers to deal with Kensington, whether they choose to come via a packager or direct. “
