MortgagesApr 15 2016

AToM signs deal with Kensington to ‘rekindle’ relationship

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AToM signs deal with Kensington to ‘rekindle’ relationship

Specialist distributor and packager All Types of Mortgages had announced a new partnership with Kensington Mortgages.

AToM’s managing director Dale Jannels said the move was a chance to “rekindle relationships” with the specialist packager community and showed Kensington’s intent to establish itself as a “go to lender” when it comes to complex and specialist mortgages.

The deal will give AToM’s advisers access to the lender’s 90 per cent loan-to-value product, which features its approach to individual underwriting for customers with smaller deposits.

“This is excellent news for brokers who have clients who are self-employed, contractors or have historic credit difficulties,” said Mr Jannels.

Other product highlights include rates from 4.89 per cent, no credit scoring, 100 per cent bonus acceptable for employed, completion fee-free products and free valuation and legals on some products.

AToM has recently expanded its offerings to include complex prime, secured loans, commercials, properties abroad, bridging, conveyancing, website design/maintenance and more.

Kensington’s head of sales and distribution Steve Griffiths said that specialist distributors provide an important service for brokers who are looking for a simple way of sourcing and placing their more complex cases.

“This is a really important partnership for us and we are looking forward to working together to promote our core range, 90 per cent LTV product and future proposition developments,” he commented.

Since the start of this year, Kensington has increased the maximum LTVs on its core range to 85 per cent, reviewed its lending policies for older borrowers, moved to paperless processing and upped the maximum loan limits for first-time buyers and buy-to-let mortgages.

peter.walker@ft.com