Today marks the official launch of Kensington Mortgages into Northern Ireland where it will offer both residential and buy-to-let products via brokers.
Kensington says it the only specialist provider to operate across the whole of the UK following its launch in Scotland in 2018.
Products will go up to 75 per cent LTV on two-year residential and five-year BTL fixed terms. On its Select range, rates start from 3.29 per cent on a two-year fix.
The announcement comes ahead of Kensington celebrating its 25th birthday throughout 2021 – making it one of the longest standing specialist lenders in the industry.
Kensington Mortgages new business director Craig McKinlay comments: “Although a small market, the Northern Ireland mortgage space has been growing over the last few years.
“Northern Ireland is also home to a rising population of self-employed workers, new business owners, and entrepreneurs.
“However, despite this growth, the market has not kept up with the evolving needs of these borrowers, who do not fit traditional lending criteria.
“The space is dominated by high-street banks and building societies – so there is an opportunity here to provide specialist, flexible solutions that do not currently exist.
“After our successful launch in Scotland two years ago, expanding our offering into Northern Ireland was the next step and has come at the perfect time to celebrate our 25th birthday.”
