Any directly authorised (DA) intermediary will now be able to access Kensington’s full range of residential and buy-to-let products through one of its distribution partners, including Pink & BDS Mortgage Group, Mortgage Intelligence and PMS.
This will be in addition to appointed representative intermediaries and DA brokers working through Legal & General Mortgage Club.
In addition, from 5 November, Kensington will no longer accept applications by post.
All applications will need to be submitted online via E-KWIP. The booking of funds will take place automatically on receipt of a full mortgage application.
The lender will, however, honour any paper applications that have already been made.
Charles Morley, head of sales and product development at Kensington, 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.
“Fortunately, now all intermediaries have access to Kensington through E-KWIP, which means even more brokers will be empowered to help those customers in their search for a home loan.”
He added: “E-KWIP is a great example of technology being used alongside human expertise to benefit brokers and their clients.”
Kensington has also revamped its product range and cut rates on selected residential and buy-to-let deals.
Its two- and three-year fixed residential rates have been cut by 0.25% to 5.44% and 5.84% respectively and are available up to 80% LTV.
Up to 75% LTV, the two-year and three-year residential fixed deals have been reduced to 4.79% and 5.24%.
In addition, Kensington’s two-year and three-year fixed buy-to-let deals have been reduced to 5.49% and 5.99% respectively.
