Kensington self-cert mortgages 'help self-employed'

Kensington has claimed that its range of self-certified mortgages offer a benefit to self-employed borrowers through the tailored features they offer.

Following its 12 years' experience in lending to the self-employed market, Kensington claims that it "really understands" the needs and circumstances of borrowers who own a business.

Among the features of its self-certified mortgage range is a maximum loan-to-value rate of 90 per cent, no requirement for income verification and no minimum trading period.

Kensington made its claims in a report on the self-employed population, which stated that five base rate rises in a year have not diminished optimism in the sector, with 67 per cent of self-employed people expressing confidence about their business prospects for the next six months.

Ian Giles, director of marketing at Kensington Mortgages, said: "With rising rates, the cost of borrowing is increasing and so more business owners are turning to their own personal savings to invest in their future success.

"This can have a knock-on effect on their own finances and so there is a growing opportunity for intermediaries to help the self-employed adapt to the changing economic environment by providing sound financial advice."

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