July Newsletter 2024

By Jane Atkins , Head of Intermediary Sales

What a busy July we’ve had, with hot new summer special rates and the launch of our new Step Down fixed rate solution for your clients with a recent credit blip. And while the Euros and Wimbledon trophies didn’t end up in the UK, we now have the Olympians aiming to bring home medals and our very own ‘Team Kensington’ going for gold.

1.  ‘Team Kensington’, have you met your local BDM? 

The dedication and commitment to our Broker Partners is equal to that of the top Olympians and ‘Team Kensington’ are always warmed up to run that extra mile for you on your clients' cases. Knockout support we can provide includes:

• Advise on how to achieve a quick application to offer
• Training, such as how to read credit reports
• Growing your client base by identifying new areas to target
• Helping find the best Kensington solution for your customers

Learn more about your local BDM

2. Introducing our innovative Step Down Fixed Rates – a new 5 year fixed rate option for your clients who may have experienced a recent credit blip

Our new 5 year Step Down fixed rate option has been added to our Resi 6 and Resi 12 product ranges, providing an initial fixed rate for the first 2 years, followed by a lower fixed rate for the remaining 3 years. This will give your customers an overall saving compared to the equivalent Resi 6 or Resi 12 5 year fixed rate, and as well as having the security of a 5 year fixed term, they will have the peace of mind that comes from knowing their payment amounts will reduce after 2 years.

Discover Resi 6 Step Down

Discover Resi 12 Step Down

3. Sizzling summer special rates across Resi and BTL

We’re kicking off the summer holidays with new and reduced Special rates.

Resi 70% LTV starting from:

2 year fixed, 70% LTV, £999 fee, 5.49%

5 year fixed, 70% LTV, no fee, 5.29%

BTL (inc. limited company) 70% LTV starting from:

2 year fixed, 70% LTV, 5% fee, 3.99%

5 year fixed, 70% LTV, no fee, 5.79%

Plus, all BTL Special Rates include a free valuation.

For all our rates, check out the latest product guides:

Resi product guide

BTL product guide

4.  The Portfolio in practice

Following the launch of our Portfolio last year, here are some examples in short video format, of how The Portfolio works in practice, to make it easier for you to find the right mortgage for your clients.

First time buyer client?

Client needs a large loan?  

Is your client self-employed with a credit blip?

Limited Company client?

Owner Occupier or Landlord buying a New Build?  

Discover all our Portfolio bundles:

Resi Product Portfolio

BTL Product Portfolio

5.  Winners! What Mortgage Awards

We’re thrilled to have won not 1, but 2 awards at the recent What Mortgage Awards. We took home Best Large Loan lender, and for the fifth year in a row walked away with Best Specialist Lender. Thank you to everyone who voted for us.

6.  What is the optimum duration for webinars now?

Since the launch of our webinar series in 2020, we have run our webinars for a duration of 60 minutes and given CPD evidence for this. With physical activity and events now back to their pre-pandemic levels, we want to check in with you to see if this is still suitable, or if you'd prefer a shorter update from us. Let us know on this form.

Finally, the Mortgage Industry Mental Health Charter, of which we are a signatory, has released their mental health and wellbeing report for 2024. This is now the 5th report they have published, with a 30% increase on their response rate from 2023. You can read the report here.

Speaking of wellbeing, I will be off on holiday until 12th August, sunning myself in Cyprus. But as always, if you’d like to discuss anything mentioned above, or have a client that we could help you with, please do not hesitate to contact your local BDM, who will be happy to see you physically, virtually or over the phone.

Kindest Regards,

Jane