Who is Kensington Finance?
Kensington Finance is a UK-based finance company that has been providing specialist lending solutions to homeowners since 1995. The company offers a range of specialist mortgage and loan products to help people who may have difficulty securing finance through traditional high-street lenders.
As a specialist lender, Kensington Finance primarily looks to help people with less-than-perfect credit scores or those who may have struggled to meet the strict criteria imposed by high-street banks and building societies. Kensington Finance also offers equity release products, allowing people to release the equity from their homes without having to sell the property.
The company was originally founded as Kensington Mortgage Company but rebranded as Kensington Finance in 2015 to reflect its expanded range of loan products. Kensington Finance is owned by the Northview Group, which is backed by leading global private equity firm Cerberus Capital Management.
Kensington Finance has won several industry awards for its innovative products and commitment to excellent customer service. In 2019, Kensington Finance was named Best Specialist Mortgage Lender at the Mortgage Strategy Awards, while the company's customer service team was named Best Overall Mortgage Provider Customer Service at the Moneyfacts Awards.
Despite the ongoing challenges posed by the COVID-19 pandemic, Kensington Finance has remained committed to helping customers and has continued to offer mortgages and loans throughout the crisis. The company also launched a range of new products designed to help customers affected by the pandemic, including mortgage payment holidays and specialist mortgage products for self-employed borrowers.
Kensington Finance has a team of experienced professionals who are dedicated to helping customers find the right lending solutions for their individual needs. The company prides itself on its customer-centric approach and its commitment to responsible lending, ensuring that customers are only offered loan products that are affordable and sustainable in the long-term.
Kensington Finance Products and Services
Kensington Finance is a UK-based financial investment company that offers a range of products and services to cater to the financial needs of its customers. This includes secured and unsecured personal loans, debt consolidation, bridging loans, and mortgages, among others. In this subsection, we'll take a detailed look at the Kensington Finance products and services and what they offer to customers.
Personal Loans
Kensington Finance provides unsecured personal loans that customers can use to finance personal expenses, home improvements, or debt consolidation. Customers can borrow between £500 and £25,000, with repayment periods ranging from 12 to 60 months. The interest rates are fixed, and customers can repay their loans early without incurring any additional charges.
The loan application process is simple and straightforward, with customers filling out an online application form and receiving an instant decision on their loan. Once approved, funds are deposited into the customer's account within 24 hours.
Debt Consolidation Loans
Kensington Finance provides debt consolidation loans that customers can use to pay off their existing debts. This involves consolidating all existing debts into one manageable monthly payment, with customers benefiting from a lower interest rate and a longer repayment period. This makes it easier for customers to manage their debts and pay them off without incurring additional charges.
Kensington Finance provides expert debt advice to customers, with debt advisors offering guidance on how to manage and reduce their debts. They also offer debt management plans, which involve negotiating with creditors on behalf of the customer to reduce monthly payments and interest rates.
Bridging Loans
Kensington Finance provides bridging loans that customers can use to buy property before selling their existing property. Bridging loans usually have a higher interest rate than traditional mortgages and are designed to be a short-term funding option. Customers can borrow between £100,000 and £2.5 million, with repayment periods ranging from three to 18 months.
Kensington Finance provides expert guidance to customers, ensuring they understand the terms and conditions of the loan agreement before signing. They also work closely with solicitors and valuers to ensure the loan process is quick and straightforward.
Mortgages
Kensington Finance provides mortgages to customers who are looking to buy a new home or remortgage an existing property. They offer a range of mortgage products, including fixed-rate mortgages, variable-rate mortgages, and flexible mortgages. Customers can borrow up to £3 million, with repayment periods ranging from five to 35 years.
Kensington Finance provides expert guidance to customers, ensuring they understand the different mortgage products and which one is right for their needs. They also work closely with surveyors and solicitors to ensure the mortgage process is quick and straightforward.
Conclusion
Kensington Finance offers a range of financial products and services to help customers manage and improve their finances. Whether you need a personal loan, debt consolidation loan, bridging loan, or mortgage, Kensington Finance can help. They provide expert guidance and support throughout the loan process, ensuring customers understand the terms and conditions of the loan agreement before signing. For anyone looking for a reliable and trustworthy financial investment company in the UK, Kensington Finance is an excellent choice.
Kensington Finance loan application process
Kensington Finance is a reputable financial institution that provides quick and flexible loans to clients. Their loan application process is straightforward, and anyone can apply online from the convenience of their home or office.
The first step in the loan application process is to visit the Kensington Finance website and fill in the application form. The application form requires the client to provide personal and financial details. The personal details include the name, age, physical address, and contact information. The financial details include the source of income, employment status, and monthly income. Kensington Finance uses this information to assess the client's creditworthiness and determine their ability to repay the loan.
Once the client has completed the application form, it is reviewed by the Kensington Finance team. If the application is successful, the client is offered a loan amount and interest rate based on their creditworthiness. The loan amount and interest rate are tailored to the client's financial situation, making it easy for the client to repay the loan. Kensington Finance aims to offer loans that are affordable and easy for clients to repay.
After the loan amount and interest rate have been determined, the client is required to sign the loan agreement. The loan agreement outlines the terms and conditions of the loan, including the loan repayment period, interest rate, and fees. The client should read and understand the loan agreement before signing it to avoid any misunderstandings in the future. Kensington Finance provides transparent and honest loan agreements to ensure that clients know what they are getting into.
Once the loan agreement has been signed, the funds are disbursed to the client's account. Kensington Finance strives to disburse the funds as quickly as possible, usually within 24 hours of loan approval. This makes it easy for clients to access the funds and use them for their intended purpose. Kensington Finance believes in providing quick and reliable loan services to clients to meet their financial needs.
In conclusion, Kensington Finance offers a quick and flexible loan application process that is tailored to the client's financial situation. Their loan application process is straightforward and can be completed online from the comfort of one's home or office. Kensington Finance provides affordable loans with transparent and honest loan agreements to ensure that clients know what they are getting into. They disburse the funds quickly, making it easy for clients to access and use them for their intended purpose.
Kensington Finance interest rates and fees
Kensington Finance is a UK-based financial services provider that offers a wide range of loan products to meet the financial needs of its customers. The company offers loans for both personal and business purposes, including home improvement loans, debt consolidation loans, and unsecured personal loans.
The interest rates charged by Kensington Finance vary depending on the type of loan and the duration of the loan. Like most lenders, the interest rate charged is usually higher for longer-term loans than for short-term loans. However, the company strives to provide competitive interest rates that are affordable for its customers.
Kensington Finance provides loans with Annual Percentage Rates (APRs) that range from 5.49% to 38.5%. The rate charged depends on the loan amount, the repayment term, and the borrower's credit score. Customers with a higher credit score are likely to get a better rate than those with a lower credit score.
In addition to interest rates, Kensington Finance charges fees for its loan products. The fees charged include an arrangement fee and a late payment fee. The arrangement fee is charged at the beginning of the loan term and is usually a percentage of the loan amount. The late payment fee is charged if borrowers fail to make their loan repayments on time.
The arrangement fee charged by Kensington Finance is usually around 2% of the loan amount. However, this can vary depending on the type of loan and the loan amount. The late payment fee charged by the company is generally £25, which is charged if the borrower fails to make their monthly loan repayment on time.
One thing that sets Kensington Finance apart from other lenders is that the company charges no early repayment fees. This means that borrowers can repay their loan early without incurring any penalties. This can be beneficial for customers who want to pay off their loan quickly and save on interest charges.
Overall, Kensington Finance provides competitive interest rates and reasonable fees for its loan products. Customers who are looking for a trustworthy lender that offers flexible loan products and competitive rates can consider this company for their borrowing needs.
Consumer Feedback and Reviews on Kensington Finance
If you are looking for a lender that offers competitive rates, flexible terms, and excellent customer service, Kensington Finance is worth considering. This trusted lender has been in the business for over a decade and has established a reputation for providing borrowers with reliable financing options. However, before deciding to work with Kensington Finance, it is important to know what actual borrowers have to say about their experience.
1. Positive Reviews
Many borrowers have praised Kensington Finance for its straightforward and transparent lending process. One common theme among positive reviews is the speed and efficiency of the application process. Customers appreciate the online application form and the fact that they can get an instant decision on their loan application. Borrowers have also praised Kensington Finance's customer service, with many mentioning that the company's representatives are courteous, friendly, and knowledgeable.
Another advantage often cited by customers is Kensington Finance's flexible borrowing options. Borrowers appreciate the option to borrow smaller amounts, with loan terms ranging from 1 to 7 years. This makes Kensington Finance an excellent choice for borrowers who need a small loan for a short period of time.
Finally, many borrowers appreciate Kensington Finance's competitive interest rates. Customers mention that rates are more affordable than what other lenders are offering, making borrowing from Kensington Finance an excellent value for money.
2. Negative Reviews
Not all customers had a positive experience with Kensington Finance. Some borrowers have criticized the company for charging high late payment fees and for lacking transparency in their loan agreements. These borrowers mention that they were charged hidden fees, which were not disclosed during the loan application process. It is important to be aware of this before agreeing to borrow from the company.
Some borrowers also found the terms of the loan to be too restrictive, with some customers finding themselves stuck in a loan they were unable to repay. In such cases, borrowers have criticized Kensington Finance for not offering any flexibility in terms of repayment plans.
3. Conclusion
Overall, Kensington Finance is a reliable lender that offers competitive rates, flexible loan terms, and excellent customer service. However, borrowers need to exercise caution and read the loan agreement carefully to avoid any unexpected fees or hidden charges. As with any financial institution, borrowers should do their research and consider their options before agreeing to work with a lender.