Kensington Mortgages was founded in 1995 to provide mortgages to individuals unable to satisfy the lending criteria of traditional lenders.
Group Chief Executive, John Maltby says:
“We are delighted to have completed this transaction with Britannia and we are confident in the future of this attractive and growing market segment.”
Commenting on Kensington’s approach, Group Finance Director, Simon Kingdon adds:
“The portfolio sales programme, of which this transaction is the third in the series, is a vital part of our overall funding strategy. This complements our successful RMS securitisation programme, the latest transaction seeing the launch of the £700 million RMS 18 on 28thJune.”
