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Kensington doubles support service teams

Kensington has doubled its operations and underwriting teams in the last six months to bolster the service it offers intermediaries.

It had six underwriters and 12 support operations staff six months ago and the numbers have now increased to 12 and 24 respectively.

The lender, which this week raised its maximum loan to value to 90 per cent, has also merged its operations and underwriting departments into one team.

Head of sales Charles Morley says: “We are dedicated to supporting mortgage intermediaries and helping them to grow their business. One way of doing this is by maintaining our focus on competitive pricing and innovative products that align to our principles of responsible, sustainable and intelligent lending.

“But we recognise this approach must be accompanied by a commitment to service and have invested heavily in putting in place the right resource and processes to provide intermediaries with a complete proposition they can be confident in.”

Emba group sales and marketing director Mike Fitzgerald says: “I have been told they are looking to be a more prominent lender and this news probably proves it. Companies do not double up on their underwriting unless they are looking to expand.”


LSL and Connells acquire stake in conveyancing firm

LSL Property Services and Connells have acquired a stake in Legal Marketing Services and LMS Direct Conveyancing through an investment in Cybele Solutions Holdings, the parent company of LMS and LMS DC. This is an equal share joint venture between LSL, Connells and the existing members of the management team of the LMS Group. The […]

Man looks to buy residual exposure to Lehman

Man Group is trying to acquire all the residual exposure to the Lehman estates from GLG managed funds. In May 2010, Man Group acquired GLG Partners in a deal worth £1.1bn. The group is aiming to acquire the estates at current net asset value, taking the total consideration for the transactions to £220m, which will […]

Accountability probe on FCA

The Treasury select committee is launching an inquiry into the accountability of the Financial Conduct Authority. The Government’s draft Financial Services Bill, published last month, says the FCA must report to the Treasury and Parliament in the event of regulatory failure. It says the report should be made public unless there are good reasons not […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]


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