Kensington upgrades online service

The changes have been made, the lender said, to make the system faster and more intuitive, and to benefit brokers when they do business with specialist lenders.

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The upgrade followed the lender’s launch of K-net in 2006, and K-link, which provided the first large scale connectivity programme to allow packagers to link into K-net with binding decisions and Key Facts Illustration direct from the lender.

Ian Giles, director of marketing at Kensington Mortgages, said: “We are thoroughly committed to harnessing technology to improve service for our packagers, brokers and ultimately our borrowers. But Kensington does not rest on its laurels and this upgrade to K-net is part of an ongoing dialogue with our customers to develop our technology in a way that meets their needs. A faster, more intuitive application process as part of a more robust K-net is just another way in which we are making it easier for brokers.”

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Jonathan Barnett, director at All Mortgage Matters, commented: “It’s great to have online offerings as I can save the document on my PC and with offline compliance I can save the progress on the website.”

The launch followed news that Kensington Group sold the non-conforming broker TML Financial Solutions to Customer Financial Solutions. Kensington had reportedly struggled to integrate TML into its portfolio, and it had sold a £2 billion loan folder to Bradford & Bingley earlier this year.

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