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Our mortgages come with lending criteria that’s designed to be as flexible as your client needs it to be. Our range of products make it easier for you to tailor our mortgages to meet the needs of your clients, at every stage of their lives.
Personal Business Development contact
Self-employed based on 1 years accounts
Enhanced affordability for the Nation's heroes
Underwriter decision – not automated score
LTVs up to 85%
Sales executives whose annual salary is made up of a high proportion of commission
NHS professionals working extra shifts in the private sector or on a contractual basis
Full time office workers with part time second jobs
Business owners and entrepreneurs, workers in the gig economy
Bank workers whose bonus package includes vested shares
Regular overtime accepted
Vested shares accepted
Second job income accepted
Regular performance bonus accepted
Investment income accepted
Pension income accepted (see Lending Criteria)
When your client has more than one source of income, while other lenders may see complexity; at Kensington, we see an opportunity to help. Our underwriters give each application the time it deserves, assessing each case and using their expertise to build the bigger picture so you can find the mortgage that’s right for your client. And whether it’s their first home or last, we use human insight to make our decisions rather than just relying on machines.
Contractors of any profession
Contractors who have switched from salary to contract in the same sector within the last 12 months
Contractors with historic credit issues
Income calculated on current weekly contract x 46
Only 12 months’ contracting history required
Could be less than 12 months if contract is within an existing profession (see Lending Criteria for full details).
No minimum income level required (verification would be required for residential applications)
If there’s ever a time when your clients need a mortgage lender that’s going to be flexible, it’s when they’re contracting. The combination of lending criteria designed to be flexible with the expertise of our underwriters means that we can offer mortgages that meet the specific needs of those who prefer to contract.
Remortgagers looking to improve the energy efficiency of their home
Purchasers buying a property with potential to improve its EPC rating
Energy-conscious borrowers
Evidenced increase of at least 10 SAP points required to qualify
Up to 12 months to make the energy improvements and claim cashback reward
£1000 cash paid upon qualification
Loans available up to 85% LTV
Select credit criteria applies
Customers in performing debt management plans (active for the past 12 months)
Clients who have experienced a life event, such as divorce, illness or redundancy
People who have disputed a bill with a provider and pick up a blip on their credit record
Borrowers with thin credit files
Unsecured payments missed (see full lending criteria for details)
Defaults (see Credit History section of the Criteria Guide for full details)
All communications defaults disregarded for underwriting purposes
Historic CCJs considered
There are many reasons why your clients may have a low credit score which is why we don’t just look at the financial difficulties they may have experienced in the past. Our underwriters are trained to look beyond failed credit scores to gain a deeper understanding of your client’s circumstances so that you can help them find the mortgage that’s right for where they are today.
Contract workers with a 12 months history
Those wanting to include bonus or overtime in their affordability assessment
Those with a small credit ‘blip’ on their file
Help to Buy equity loan for purchases only
Gifted deposits from immediate family members accepted
Loans up to £850,000
If your client is looking to buy their first home but doesn’t fit the criteria of other lenders, our flexible lending criteria can make a mission impossible, possible. We use human underwriters to give us a more in-depth understanding of each mortgage application which means that we can consider your clients even if they only have a year’s history as a contractor, or a small credit ‘blip’ on their file. All they’ll need is a 15% deposit. Find out more here.
First time buyers looking to buy a new build property
People who have failed a credit score check
Employed, Self-Employed and Contractors of any profession
People with multiple sources of income such as bonuses
Open on a repayment basis only, to first time buyers buying a new build property
Available for purchases only
Maximum property value £350,000
Max LTV of 75% applicable
We support the Government’s Help to Buy Equity Loan scheme which enables buyers with a personal deposit of at least 5% (England and Wales) or 10% (Scotland) to purchase a new build home. Help to Buy Equity Loans are available in England (including the London scheme), Scotland, and Wales on purchases. It’s just one of the ways we want to help your clients get on the housing ladder.
Armed Forces Personnel (Army, Navy, RAF)
Firefighters and Police Officers
NHS Clinicians (including Nurses and Paramedics)
Teachers and lecturers in the public sector
Maximum age 40 at application
Up to 5 x Loan to Income, subject to affordability
Overtime and second job income accepted
Debt management plans considered
Joint applications accepted
First time buyers looking for a loan up to £850,000
Business owners whose earnings have grown in the last year
High earners with multiple income streams
Sales workers earning significant commissions
£850,000 up to 85% LTV
First Time Buyer mortgages up to £850,000
Up to 100% variable income may be considered
New and existing business owners
Entrepreneurs whose business profits have fluctuated
Additional builders deposit of up to 5% accepted
Help to Buy England, Scotland and Wales accepted
6 month offer period with facility to extend
Sometimes only new will do, and when your client is looking to buy a new build home that’s where we come in. Our New Build Residential mortgages are designed for clients who have a broad range of needs and circumstances, from self-employed contractors, to those with low credit scores.
New business owners
Longstanding business owners
Company Directors who choose to retain profits within their business
Existing business owners who have switched status from sole trader to a Ltd company
Affordability based on latest year’s accounts
No restrictions on professions
Multiple income streams considered
Share of net business profits plus salary considered
From kitchen table entrepreneurs to fledgling business owners and established company directors, our mortgages for business owners offer flexible lending criteria so you can work with your client to find the mortgage that’s the best fit not only for their circumstances, but their needs too.
Clients purchasing their property from a council or a housing association
Up to 100% LTV of the discounted purchase price
Up to 75% LTV open market value
Re-mortgage available subject to 12 months’ ownership
Our Right to Buy Mortgages help turn tenants who live in Housing Association or Council Homes into home owners. Available to employed or self-employed buyers for up to 100% of the discounted purchase prices, they come with a choice of a two or five-year fixed rate option at up to 75% LTV of the open market value. And, your client will benefit from a free valuation and no completion fee.
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