Kensington has expanded its prime range and increased the number of intermediaries with access to its products, in a move it says is designed to help borrowers recover from the effects of the recession.
Customers who have had CCJs or defaults registered to their name in the past two years now have the choice of two and three-year fixed rate deals up to 70% LTV.
The Investec-owned lender will consider applicants who have had up to two CCJs totalling a maximum of £750 as long as they have been satisfied for more than six months. Customers are also allowed two unsecured defaults in the past two years, as long as there have been none in the past six months.
The new products are on offer from 5.99%.
Kensington has extended its distribution to all members of the L&G Mortgage Club in addition to its existing distributors, which include appointed representatives of Openwork, Pink Home Loans, Personal Touch Financial Services, Mortgage Intelligence and Mortgage Next.
It says it has further plans to open up its distribution to more intermediaries in the near future.
Charles Morley, head of sales and product development at Kensington, said: “We’ve all seen evidence of people struggling to meet all of their credit commitments during this recession. But even if they get back on their feet they will find it very hard to get a mortgage because of the restrictive credit scoring used by many lenders. Kensington can help these borrowers because we make a decision on the customer