When it comes to specialist mortgages, there's not much we don't know.
When you've been around for as long as we have, you soon learn that putting people into neat little boxes is an approach that doesn't work.
We prefer to look beneath the surface and go deeper than the mainstream lenders where all too often the 'computer says no'. Our mantra is to look for ways to say yes, so that we can help as many people as possible get the mortgages they need.
All Kensington mortgages are powered by VECTOR, our proprietary and hugely powerful analytical model that is embedded into all phases of the mortgage lifecycle.
VECTOR is supported by a unique dataset comprising over 400k mortgage accounts spanning all UK geographies, housing types, mortgage types and credit loan parameters for the last 20 years, and has driven the development of a number of in-house analytical tools and reporting capabilities that are key to the unique way in which we assess and manage mortgage credit risk.
With assets under management of over £11 billion, Kensington is one of the UK's leading non-bank specialist mortgage lenders, including servicing of c£5.5 billion assets for third parties.
We originated c£1.5 billion of new mortgages in 2019 representing a Compound Annual Growth Rate (CAGR) of more than 25% over the last 4 years.
We are one of the largest issuers of residential mortgage-backed securities (RMBS) in the UK having sponsored 21 securitisations totalling over £11.5 billion since 2015.
Our Tax Strategy document sets of the Tax Strategy of Kensington Holdco Limited, its subsidiaries and associated UK companies.
It outlines how we manage our UK tax affairs and manage tax risk.
Download our Tax Strategy.
Alex Maddox is responsible for Capital Markets and Digital Strategy for Kensington. He and his team are responsible for all aspects of wholesale funding, interest rate risk management and treasury. Alex has been at Kensington since the change of ownership in 2015.
Prior to that he was Head of European Residential Mortgage Trading or Securitised Products at several investment banks and hedge funds including Deutsche Bank and Citadel Investment Group. He has a master’s in engineering from Oxford University.