Kensington Secured Loans has introduced an interest only payment option and criteria change so that only secured debt will be considered in the debt to income ratio used for affordability calculations.
These developments will offer more choice from Kensington Secured Loans, which already offers market leading products for borrowers from near prime to unlimited adversity, criteria including no minimum trading for self-certification, and is leading the way to future regulation with transparent 1+1 Early Repayment Charges on all loans. While Kensington is also able to make a same day payout of funds for no extra charge.
Borrowers in Scotland can now benefit from Kensington Secured Loans’ unique mix of transparent products and outstanding service, as Scottish properties are now accepted on all products.
Karen Agombar, Head of Packager Partnerships at Kensington, said: “Kensington Secured Loans has gone from strength to strength since its launch last autumn and we are delighted that we can now meet the demands of brokers and borrowers north of the border by making our entire range of products available to customers in Scotland.
“But that’s not all, because Kensington Secured Loans now offers more choice than ever before, with the introduction of an interest only payment option and new credit criteria, and we will make yet more developments as we continue to set new standards in this market. Watch this space for more exciting announcements from Kensington.”
