Kensington, one of the UK’s first intermediary lenders, is celebrating its 20th anniversary, with a high-profile industry lunch in London today.
Kensington completed its first mortgage on 13 December 1995, and to signify its service to the mortgage industry over the years, the lender is releasing figures showing the number of customers it has helped over the past two decades.
In its 20 year history, Kensington has completed 193,902 mortgage loans, worth £17.9bn. As part of this the lender has helped 84,524 customers to buy their own home, including 32,166 first-time buyers.
Last week Kensington was named the Best Self-Employed Mortgage Lender at the Your Mortgage Awards and this commitment to lending to the sector is confirmed by the fact that it has provided mortgages to 87,686 self-employed customers.
Keith Street at Kensington, says:
“Twenty years in the mortgage market – which has had its fair share of turbulent times – is a significant milestone, and we look forward to further successes for many more years to come. When Kensington first launched in 1995, there was little in the way of innovation to cater for people’s individual needs and we are really proud of the number of people we have been able to lend to over the last two decades years. There are many thousands of people who would not be sitting in a home of their own if it were not for a Kensington mortgage.
“As we celebrate our 20th anniversary, it is worth remembering Marty Finegold. He identified the opportunity to change the UK mortgage market and made it a reality through his vision and drive. Marty sadly passed away this year and Kensington certainly would not be here without him.”
Robert Sinclair, Chief Executive at the Association of Mortgage Intermediaries said:
“It is great to see Kensington celebrate its 20th birthday. It has proved its durability through both the good and the tough times. AMI is looking forward to seeing what comes next from a firm that has always been innovative, discerning and wanted to broaden and deepen the lending market."
Rob Jupp, Chief Executive Officer at Brightstar says:
“Kensington Mortgages has been a by word for innovation in the specialist lending mortgage market for 20 years. A sector was created and flourished, and then recreated and rejuvenated by pioneers like the Kensington. It has been a genuine privilege to work with Kensington team now that we commence the start of our third decade together.”