Kensington Personal Loans introduce new service initiatives and lower prices

Kensington Personal Loans (KPL) has introduced new service initiatives and lower prices across its product range, following a successful pilot in which it is paving the way to regulation of the market through superior customer service and criteria.

Packagers using KPL can now produce their own automated valuations (AVMs) and take advantage of reduced proof of address and ID criteria, streamlining the application process and making it easier for them to deliver the right products to their clients.

And these service improvements are being introduced with a range of new competitive price plans across all LTVs, including the removal of the Non-conforming Lender loading on all KPL0 products.

In less than three months since it launched, KPL has increased the number of packagers it has partnered with from two to more than twenty. And with more packagers lined up to include KPL on their panel in the near future even more customers will be able to benefit from:

Up to 90% LTV for customers with arrears (self-certification and status)
Up to 85% LTV for customers with four arrears and CCJs (including self-certification)
Up to 75% LTV for customers with unlimited arrears and CCJs
Same day pay-out
No minimum trading for the self-employed

And, of course, KPL is continuing to lead the way to regulation of the second charge loan market with its 1+1 Early Repayment Charges across its full range of loans.

Alison Hutchinson, Managing Director of Kensington Personal Loans, said: “Less than three months ago KPL came to market with a plan to lead the second charge loan sector into regulation. Our approach was simple – excellent products, rapid decisions, transparent marketing support and, of course, the outstanding service that has been associated with Kensington for over a decade. We are delighted that this has proven so popular among intermediaries and with our improved offering and more packager partners lined up for the future we look forward to more customers discovering the benefits of the Kensington approach.”