Crystal Specialist Finance (CSF) has added Kensington Mortgages to its lending panel, giving brokers access to its specialist residential and buy-to-let products.
The packager, which launched its specialist residential offering at the start of this month, will have access to the select 95% LTV range and young professionals range with a total of 24 products through limited distribution.
Jo Breeden (pictured), managing director of CSF, said: “It is imperative that our lending panel is always growing and evolving across all sectors so we know we are giving brokers access to the whole gambit of market-leading products, the agreement with Kensington Mortgages definitely fulfils those criteria.
“Across both specialist residential and buy-to-let the products bring a new dimension, offering the right criteria to meet complex requirements as well as more straightforward applications.
“We want every broker to know that Crystal will find the right solution for their clients, no matter what their situation.”
Craig McKinlay, new business director, Kensington Mortgages added: “Society is changing at such speed that lenders and brokers of all kinds need to be constantly evolving their product offerings.
“There are less and less people that tick all the boxes at the big banks, perhaps because they are self-employed, contract workers, or nearing retirement.
“By partnering with Crystal we can help brokers get more people on to the first step of the housing ladder or into the home that best suits their needs.”
Applications are welcome from the self-employed based on one year’s accounts, plus across-the-board enhanced affordability for high earners and young professionals.
Highlights for the buy-to-let sector include up to 85% LTV, limited companies assessed on special purpose vehicle (SPV) portfolios only, a maximum age limit at application of 70 and top slicing of personal and portfolio income.
In line with CSF’s customer-first service ethos, all applications are assessed by one of Kensington’s professional advisers and not through an automated score system.
CSF’s new specialist residential offering is to meet growing demand from brokers looking to place complex first charge residential cases. The move initially focuses on areas such as later life lending, ex-pats, foreign nationals, adverse credit, self-employed and contractors.