What Kensington Mortgages Does Well
Kensington's core specialisms are: self-employed mortgages with one year of accounts; adverse credit including satisfied CCJs, defaults, and past arrears; complex income including contractor day rates, bonus income, and non-standard employment structures; non-standard property types; foreign nationals and borrowers with complex residency situations; and interest-only residential mortgages.
- Self-employed mortgages with one year of accounts
- Adverse credit including satisfied CCJs, defaults, and past arrears
- Complex income including contractor day rates, bonus income, and non-standard employment structures
- Non-standard property types
- Foreign nationals and borrowers with complex residency situations
- Interest-only residential mortgages
Kensington's Self-Employed Approach
Kensington is one of the specialist lenders most willing to use the most recent year's accounts only for self-employed borrowers - important where income has grown significantly and a two-year average would understate current earnings. They also consider a wider range of income evidence including accountant's certificates for recent trading.
Kensington for Adverse Credit
Kensington is one of the specialist lenders most active in adverse credit mortgage placement. Their adverse credit policy covers: recent defaults and missed payments (within the last two years in some cases); satisfied CCJs; borrowers coming out of debt management plans; and near-prime profiles that sit just outside standard lender criteria. Rate premiums apply, but Kensington's specialist positioning means they can accommodate situations that no mainstream lender will touch.
When to Compare Kensington Against Other Specialists
Kensington is one of several specialist lenders on the DBF panel. For any given complex-profile application, Kensington may be the best fit - or Pepper, Together, Precise, Foundation Home Loans, Bluestone, or a specialist building society may offer better terms. A broker who knows all the specialist lenders' criteria can identify the best option without generating multiple credit footprints.