Kensington Product Updates

Posted by Marketing on March 30, 2020

As you know, surveyors are unable to offer internal valuations at this time. Kensington are exploring an alternative valuation solution but this will not be suitable for their full product range. As a result, and to be fair to you and your customers, they will be withdrawing, with immediate effect, a number of products that they know will not be covered by this solution and that we are therefore unable to make offers on today. We hope to reinstate these products once physical valuations can restart.

  • Reduction our maximum LTV on all products (both residential and BTL) to 70%.  Whilst sourcing systems may still indicate we are open to applications at 75% LTV we will only consider loans at 70% LTV or below
  • Reduction the maximum property value to £1m, across both Residential and Buy to Let
  • Withdrawal of all New Build products including Help to Buy
  • Withdrawal of Later Life
  • Withdrawal of HMO/MUB
  • Extended property exclusions. Please check our Lending Criteria online for the full list
  • All pipeline cases ALREADY in receipt of a valuation will continue as usual
  • Pipeline cases below 70% LTV without a valuation will proceed as and when we have an alternative valuation solution
  • Pipeline cases above 70% LTV without a valuation will regrettably be cancelled as we will have no valuation solution until internal valuations resume