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Kensington has returned to lending with a two-year fixed rate product through three distribution partners.
The two-year deal is available to appointed representatives of Legal & General (L&G), Pink and Openwork.
Keith Street, head of Kensington, stressed that the lender would take a cautious approach to its return. He added: “Market recovery will not happen overnight and 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.”
Ben Thompson, director of mortgages at L&G, said Kensington’s return was an indication that lenders who have been on the sidelines want to get back into the market.
He added: “We welcome an increase in the supply of credit to help get the lending market moving again. There is evidence of an increasing level of variety and choice amongst mortgage products and this is good new for house purchasers and remortgagors.”
Rob Davies explains how best to use the Internet to get a good mortgage deal
The March/April 2010 issue of Your Mortgage is on sale now. In it we look at the pros and cons of Mortgage Payment Protection Insurance; we list the 10 golden rules that every first-time buyer should know; weigh up the relative merits of fixed rates and tracker mortgages and explain how equity release schemes can help older homeowners. Get your copy for the latest news, information and help.
The Your Mortgage Awards aim to reward those lenders that have excelled in providing innovative and competitive products. Widely regarded as the UK's definitive consumer mortgage awards, the Your Mortgage Awards have now been running for 20 years.





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