The case was a remortgage up to 90% LTV for a borrower with a debt management plan wanting to consolidate existing debt.
Distributor 3mc has generated Kensington’s first packaged case since the lender returned to the packaging market last month.
The case was a remortgage up to 90% LTV for a borrower with a debt management plan wanting to consolidate existing debt.
Doug Hall, director of 3mc, said: “I am really pleased to have had the opportunity to work with Kensington and help them succesfully complete their first packaged offer.
“This was potentially a very difficult case and I have been impressed by the support offered by Kensington and their fast turnaround time.”
3mc worked with the introducing broker and collated all the supporting documentation required in readiness for underwriting. There was no additional packaging fee for placing the case via 3mc.
Steve Griffiths, head of sales and distribution at Kensington, said: “Placing a complex case doesn’t have to be difficult and packagers like 3mc are an important resource in enabling brokers to help more clients.
“But the process only works if the lender and packager are able to work together, and this case is a great example of the benefits of successful collaboration.
“We are looking forward to working with 3mc to deliver many more positive customer outcomes in the future.”
