The first phase of this initiative went live on 1 August 2005 while further branded lending initiatives will be announced in 2006.
The new proposition will give Pavillion:
- Dual brand products with name and logo
- Production of the offer pack at Pavillion’s offices
- Semi exclusive deals
- On-site underwriting
- An integrated website to provide branded decisions and approval in principles
Commenting, Alison Hutchinson, managing director, Kensington Mortgages said: “We have worked with Pavillion Securities for ten years and we are delighted to be working with them on this initiative. At Kensington we are continuing to listen to our customers to develop our service propositions to meet their business requirements and priorities. We have given our branded partners more involvement in product design, on-site underwriting and quality training and forums. The co-branded arrangements are a significant development and will deliver substantial benefits to customers.”
Tony Hughes, director at Pavillion Securities said:” We are delighted to be working in partnership with Kensington who have long valued our relationship. With all aspects of the mortgage application process dealt with onsite and access to semi exclusives, our introducers (and ultimately their clients) will receive a more efficient and comprehensive service. These are exciting times for Pavillion as we seek to meet our brokers’ needs. Indeed, we are constantly striving to enhance our proposition and in conjunction with Kensington we believe we now have a powerful offering which can only benefit everyone.”
