Kensington relaunches 6 times salary mortgages to young professionals including accountants, barristers and solicitors
Kensington has relaunched a range of “Bright Futures” mortgages targeting younger professionals aiming to get on the property ladder.
The specialist intermediary-only lender has enhanced its product range by offering up to six-times salary mortgages to selected borrowers with limited debts or credit commitments.
Kensington's new mortgages are available to professionals working as chartered accountants, actuaries, barristers, commercial pilots, dentists, doctors and solicitors. They will need to earn at least £35,000 to qualify or have a combined income of £50,000 if they are buying with a partner. They will also require a 15 per cent deposit.
Aaron Strutt, product director at Trinity Financial, says: “Kensington already offers up to six-times salary mortgages to applicants when they earn over £100,000, but this new product means more people are likely to qualify.
“Mortgage of the lenders are starting to offer more generous income multiples to professionals and Clydesdale Bank has a similar product. The lenders are targeting these professions because they think they have good earning potential and high job security.”
Trinity Financial has access to lenders offering 5.5 times salary mortgages at market leading rates for non-professionals providing they earn over £75,000.
Call Trinity Financial on 020 7016 0790 to secure an enhanced income mortgage or book a consultation
Source: Kensington Mortgages
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