Kensington doubles maximum loan size to £1m

Kensington has doubled its maximum loan size to £500,000 up to 90 per cent loan-to-value and to £1m up to 75 per cent LTV.

In May, Kensington increased its maximum loan-to-value to 90 per cent and offered a limited tranche of lending through Legal & General Mortgage club. Before this, its maximum LTV was 85 per cent. Last week, it extended this range to the whole broker market.

Head of sales Charles Morley says: “Ultimately, this is all good news for mortgage intermediaries who will have more options for their clients and more opportunity to grow their business.”