Kensington launches with Brightstar

By Bridging Loan Directory 11th April 2016

Brightstar Financial has become the first specialist distributor to add Kensington to its lending panel.

Brightstar will offer all of Kensington’s core range of residential and buy-to-let products, in addition to a 90% LTV residential semi-exclusive.

Rates on this 90% product start at 4.89% for a two-year fixed rate and 5.19% for a three-year fixed rate.

A pioneer in the specialist market, Kensington has been writing mortgages for applicants with complex circumstances for more than twenty years, and specialises in lending to customers who are self-employed, contractors or have historic credit problems.

The lender announced its intentions to work with specialist distribution again last month and Brightstar becomes the first specialist distributor to partner with Kensington with today’s launch.

Brightstar has originated over a billion pounds worth of specialist debt since it launched in 2011. It has won numerous industry awards and is dedicated to the intermediary community. This new agreement will enable brokers who work with Brightstar to take advantage of Kensington’s highly competitive specialist mortgage range for their clients.

Chris Bramham, director of mortgages & buy-to-let at Brightstar, said:

“This is a welcome return of Kensington to the specialist distribution channel and we are delighted to become the first distributor to work with the lender.

“We will begin by offering Kensington’s core range in addition to a 90% LTV semi-exclusive, and we are looking forward to working with them to develop new products and provide more options for our brokers to place their specialist cases.”

Steve Griffiths, Head of Sales and Distribution at Kensington, said:

“Specialist distributors have proven key for Kensington in the past as they provide brokers with a simple way of sourcing and placing their more complex cases, and we are really excited about partnering with Brightstar and re-establishing this channel as we continue to grow our business.

“This is a great opportunity to leverage Brightstar’s extended reach and packaging capability to help more customers whose real life circumstances get in the way of a standard mortgage application.”