The deals of up to 70% loan-to-value are aimed at helping customers who have struggled to meet their commitments during the recession, but have returned to financial stability.
Customers will be allowed up to two CCJs totalling a maximum of £750, which must have been satisfied for more than six months, or two unsecured defaults, as long as there have not been any in the past six months.
In addition, Kensington has extended its distribution to all members of the L&G Mortgage Club, so including directly authorised brokers and appointed representatives of its existing distributors Openwork, Pink Home Loans, Personal Touch Financial Services, Mortgage Intelligence and Mortgage Next.
It plans to further open up its distribution to more intermediaries in the near future.
Charles Morley, head of sales and product development at Kensington, said: “There is a lot of talk about new lenders, but actions speak louder than words. These products are available now and they are available to a huge number of intermediaries, both directly authorised and appointed representatives.
“Kensington is serious about supporting the intermediary market into sustainable recovery and brokers can expect more evidence to demonstrate our commitment, with new products, distributors and service enhancements being launched in the coming months.”
