You are here: cherry > Press releases for May 2010 > Paradigm add Kensington Mortgage products to panel

24 May 2010

Paradigm Mortgage Services, the mortgage partnership proposition, has today (24th May 2010) added Kensington and its entire range of mortgage products to its lender panel. From today, Paradigm members will be able to access Kensington’s Prime range of mortgage products which look beyond the surface of clients’ circumstances to offer transparent criteria and competitive fixed rates. Kensington’s products offer the following benefits to intermediaries and their clients: Residential Decisions made based on the customer not the credit score. Up to two CCJs and defaults taken into consideration. Self-employed lending for those with 12 months’ accounts. Consideration of up to 100% of bonus, overtime and other declarable income. Feedback on all applications within 24 hours. Fixed rates from 4.99% and lending up to 80% LTV. Buy-to-let Portfolios of up to £2 million or 10 properties. Gross rental cover of 125% of pay rate Credit report status of up to two on any individual unsecured agreement. Fixed rates from 5.69% up to 75% LTV. Alongside its core mortgage offering Paradigm Mortgage Services also offers its member firms a range of product options and income-generating opportunities including protection, GI, equity release, wills and legal services. Bob Hunt, Chief Executive of Paradigm Mortgage Services, commented: “Competition in the mortgage market continues to grow and we have seen a number of mortgage lenders returning to the sector in the last few months. Paradigm is committed to ensuring our members have access to a wide range of lenders and products ranges which will ensure they can meet their client’s needs in what continues to be a tight marketplace. The addition of Kensington to our panel will be a real benefit to members because of its approach to clients whose lives may have been impacted because of the recession. Kensington’s underwriters are able to make objective lending decisions based on a customer’s circumstances, not just the credit score, which means that Paradigm member firms now have more opportunity to find the right deal for their prime clients. We firmly believe there will be strong demand amongst the intermediary community for Kensington’s products and we would urge all members to visit the Paradigm website to see how they and their clients can benefit from this new addition to our panel.” Charles Morley, Head of Sales and Product Development at Kensington, said: “As the country recovers from recession we know there are significant numbers of customers who cannot get a mortgage either because they have experienced a blip during the downturn and have since got back on their feet financially, or even because they have taken the opportunity to become self-employed. Our products look beyond the surface of a customer’s circumstances, which means Kensington may be able to help where others cannot. So it’s great news that we can take this approach to provide more choice to members of Paradigm and new options for their clients.” For more information on Paradigm Mortgage Services, including how to join, please visit: www.paradigmmortgages.com For more information on Kensington, please visit: www.kmc.co.uk ENDS

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