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Kensington shuts down secured arm

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  • 07/09/2007
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Kensington has withdrawn its secured loans offering from the market, claiming it is a response to the current volatility in the global capital markets.

Following the move, Kensington will be redeploying sales and operational staff.

Ian Giles, director of marketing at Kensington, said: “We will be looking out for the key signals of market recovery and when the time is right we will reintroduce our Secured Loans range.”

Kensington’s Adverse and Prime mortgage products are unaffected.

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