In This Article
Who are Kensington?
Kensington mortgages are a leading UK provider of specialist mortgages, offering a range of mortgage products to meet the needs of customers with less-than-perfect credit histories.
The lender is part of the Kensington Group, a leading provider of financial services in the UK.
Kensington has been helping people own homes for over 25 years and is the only specialist lender to operate across the whole of the UK.
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What does Kensington specialise in?
Kensington Mortgages, understand that every customer is different. Therefore they offer a range of different mortgage products to suit individual needs and circumstances.
Their products and flexible lending criteria are designed with customers in mind, offering solutions that meet the needs of people the high street can often overlook.
They offer both residential and buy to let mortgages. Whilst also offering a range of mortgage products to borrowers with poor credit histories.
Kensington could also help with self employed borrowers, those with complex income and contractors.
Are Kensington mortgage rates competitive?
When shopping for a mortgage, there are a few things you should keep in mind. Interest rates, fees, and the lender’s reputation are all important factors to consider.
Kensington mortgage rates may be slightly higher than other lenders, but they offer specialist products that could be the right fit for your needs. It’s important to compare interest rates and fees from different lenders before making a decision. Remember, the interest rate you’re offered will depend on your credit score, how much you’re looking to borrow, and the length of the loan.
Some fees are charged by the lender, like application and origination fees, while others, like appraisal fees and closing costs, are paid by the borrower. Be sure to carefully review the loan’s terms and conditions before making a decision.
If you’re unsure which mortgage is right for you, consider speaking to a mortgage advisor who can review all your options.
Is your Kensington mortgages fixed rate expiring? Have you considered a product transfer?
It may be possible to save money on your Kensington mortgage by switching to a new rate through their product transfer process.
If you are eligible for a product transfer Kensington normally emails you four months before their transfer window opens.
However, for the best deal, it may be better to speak with an independent mortgage advisor who can review the whole market. Plus, an independent mortgage adviser can handle the transfer for you, saving you time and hassle.
How long does a Kensington mortgage application take?
At Kensington, it usually takes two weeks from application to offer, although it may take longer if the deal is more complicated, for example, due to bad credit, a non-standard property type, or complex income. If there are no issues, Kensington will usually make you a formal offer within a few days, but on average, it takes around one week between valuation and mortgage offer.
Have you been declined a Kensington mortgage?
Kensington works with individuals who have reasonable, not perfect credit histories. They can help with defaults, CCJs and secured loans that are older than 2 years. If Kensington declines your mortgage application, it may be worth seeking independent mortgage advice from a mortgage advisor to see if you qualify with another lender.
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Conclusion
Kensington mortgages are a leading provider of specialist mortgages in the UK, offering a range of mortgage products to meet the needs of customers with less-than-perfect credit histories.
If you’re looking to switch your Kensington mortgage to a new rate, it’s always a good idea to speak to a mortgage advisor first. They can review the whole market to ensure you get the best deal possible and handle the transfer for you, saving you time and hassle.
Although Kensington only works with individuals who have reasonable credit histories, if they decline your mortgage application, it may be best to seek independent mortgage advice to see if you qualify with another lender.
Either way, be sure to speak to a mortgage advisor who can review all your options and ensure the mortgage is right for you.
Please complete our contact form below if you wish to speak with a mortgage advisor.
Please note, although the information on this page is correct at the time of writing, lenders change their policy on a regular basis so please use it as a guide only.
To find out up to date information about lenders and mortgage advice in general, contact a qualified mortgage adviser.
The information on this page is not tailored to any individual readers and should not be considered financial advice under any circumstances.
If you are seeking advice about a mortgage, you should consult a qualified professional.
