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Kensington pulls deals after record August lending

Kensington has withdrawn its 85 per cent loan-to-value buy-to-let deals and its 90 per cent LTV residential mortgages.

It says it has had a bumper August and is nearing the end of its current tranches.

A spokesman says: “Kensington had a record-breaking month in August, lending more than in any other month since our return to the intermediary mortgage market in 2009 and continuing the strong growth we have seen in 2011. We are nearing the end of current tranches on certain products and, in order to maintain consistency of service for our intermediaries, we are temporarily withdrawing these products from our range. We are already working on new products we expect to launch shortly.”

Kensington increased its LTV from 75 per cent to 85 per cent in February and launched its 90 per cent LTV deals in May.

It will still offer 80 per cent LTV on BTL and 85 per cent LTV on its residential range.

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