The lender is back in the intermediary market and re-launching with a prime mainstream product range available through a control distribution.

It has been revealed that Pink Group is 1 of just 3 distribution partners that have been chosen by Kensington to support the lender’s return to the mortgage market.

This new product range offers clients with no arrears or CCJ’s access to an alternative mortgage product at a time when they may find it difficult to get a deal from a high street lender. 

According to the firm, a combination of traditional underwriting and a credit search will provide transparency and efficiency to help clients with either their purchase needs or remortgaging, which includes capital raising.

Keith Street, Head of Kensington, has said: “Kensington has returned to the intermediary mortgage market, offering Prime products through a controlled distribution. The whole landscape of our industry has changed in the past two years and we have evolved to meet those changes. We have combined our expertise with the experience and strengths of our parent, Investec, and are ready to improve supply and choice for customers.

“Market recovery won’t happen overnight and, as you might expect, we need to maintain a cautious approach. We remain committed to intermediaries and are dedicated to supporting the benefits of professional financial advice and clear information to assist customers in selecting the right mortgage for their needs.”

Neil Hoare, Sales and Marketing Director at Pink Home Loans added: “Seeing a lender with the reputation of Kensington returning to the market to support the needs of intermediaries is welcome news and for them to choose the Pink Group as a partner is reflective of both businesses attitude to high quality service. Kensington’s positive attitude combined with the traditional underwriting philosophy that looks at cases on their merits will be warmly received by our Appointed Representative customers.”

Mr Hoare continued: “In the current climate where a quick decision is required, Kensington’s commitment to assess and process the case promptly, should allow our customers to manage the expectations of their clients in a world where mortgage funding is still hard to come by.”