First of all, we wanted to thank you for your patience and understanding over the past few weeks, you don’t need us to tell you that it has been an incredibly challenging period for many, but it is pleasing to see positivity in the market and an optimistic outlook beginning to return to the market.
Hopefully we can add to this, as of 5th May, our new valuation solution is now LIVE. The Kensington Property Valuation involves a combination of Desktop Valuations, AVMs in addition to our own data and property experts. This will now enable us to value properties and take cases from application, to offer, to completion. As we mentioned, once again, thank you for your patience whilst a solution for brokers, and ultimately clients, has been worked on.
In addition to introducing the Kensington Property Valuation, we have also updated both our Residential & Buy to Let Product Guides, included within this, is the re-introduction of 75% LTV rates for both propositions. Please note, at present, this is for Residential Purchase & Remortgage (Excluding New Build & Help to Buy) and for Buy to Let Remortgage only.
As and when there are further developments to our proposition, rest assured we will let you know. We hope the continuing positivity persists allowing for a greater flexing of lender capabilities, and we will look to expand our proposition further to include higher LTV’s & New Build in due course when it is appropriate and safe for us to do so.
