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Kensington enters Help to Buy

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  • 12/05/2017
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Kensington enters Help to Buy
Kensington Mortgages will launch a Help to Buy equity loan proposition this summer, with a planned roll-out in July.

The lender, which is part of the Northview Group, said it would cover London, the rest of England and Wales, with further details to be announced in due course.

Speaking at the MyHomeMove conference yesterday, Northview Group vice chairman of lending Keith Street said it would be “horrendous” for borrowers if the government were to suddenly stop the Help to Buy scheme.

Fears over just such an approach are already affecting housebuilders across the country.

Northview Group director of sales and distribution Steve Griffiths (pictured) said: “As a lender that is passionate about supporting customers with complex circumstances, extending our range to offer the option of Help to Buy will help hard pressed home buyers take their first step on to the housing ladder across England and Wales and the capital.

“It will also dovetail nicely with our New Build product range.”

The move was announced at the Legal and General New Build Forum.

Legal and General Mortgage Club new build manager Craig Hall added: “It is great to see more specialist lenders like Kensington signing up to Help to Buy, helping borrowers that don’t fit into high street lending criteria to make the most of the government’s scheme.

“We are particularly pleased to see Kensington announce its intention to support Help to Buy customers in Wales, as this is a market which has traditionally been underserved.”

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