Product range enhanced by Kensington
Thursday, 19 August 2010 12:00
Kensington has announced it has made a number of enhancements to its residential product range.
The maximum loan size for customers with no defaults in the last two years has been increased to £500,000.
For those who have experienced minor unsecured defaults in the past two years but are now up to date, the maximum loan-to-value (LTV) has risen to 75 per cent, while rates have been cut at 70 per cent LTV.
Charles Morley, head of sales and product development at the organisation, said the improvements will help even more of "those customers who have been left out in the cold by mainstream lenders".
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