March 2024 Newsletter

By Jane Atkins, Head of Intermediary Sales

Welcome back after the?Easter Break, I hope you had a relaxing time and maybe even had a chocolate egg or two!

As we enter the spring quarter and see an increase in chatter around the economy, interest rates and increasing level of new enquiries, we also start a new financial year and I want to share with you how Kensington can help support your self-employed clients.

1.??We can help your self-employed clients by:

• We can work off your client’s latest years accounts/income up to 95%
• We only require 1 year's trading history up to 85% LTV
• Limited Company Directors: Share of latest year’s?net profit (after tax) and salary or salary and dividend income
• Contractor income is calculated on current weekly contract x48 weeks
• Consider CIS contractors with a 12 month history
• Accept secondary income streams
• Self-employed clients with a complex credit profile, such as defaults or missed unsecured credit payments

View our Residential product guide or BTL product Guide for our current rates.

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2.??Our next webinar ‘The Evolution of the Self-Employed Landscape’ is on Tuesday 16th April and will feature industry experts giving a current market overview and a deep dive into the self-employed segment:

• Housing market update - Richard Donnell, Executive Director, Houseful
• The evolution of the self-employed - Fred Hicks, Senior Policy Adviser, The Association of Independent Professionals and the Self-Employed
• Insight from broker criteria searches on self-employed cases - Nicola Firth, Founder and CEO, Knowledge Bank

Register to join us and earn CPD minutes, or contact your local BDM if you have a self-employed case that you need any support with.

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3.??I have some great news to share! We are a finalist in:

• Moneyfacts 2024 awards for ‘Best Specialist Lender’ and ‘Best Online Mortgage Provider’
• Mortgage Strategy awards for ‘Best Specialist Lender’
• What Mortgage awards for ‘Best Large Loans Mortgage Lender’ and ‘Best Specialist Lender’

Which we’ll find out about in May &?July. Thank you to everyone who voted for us or nominated us, and for your ongoing support and business.

Please do not hesitate to reach out to me or any of my team for case support, new business opportunities, training, and underwriting tips. We can help you from understanding an energy certificate, and reading credit reports to identifying opportunities, and are flexible with your preference for face-to-face or virtual appointments.

Best wishes,

Jane