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Kensington issues £350m securitisation

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Kensington Mortgages has issued a new £350m securitisation.

The loans in the pool have an average LTV of 72 per cent and 19 per cent of them are buy-to-let.

The Northview Group, which is made up of Kensington and New Street Mrotgages, has now securitised a total of £4bn through six deals.

Northview Group capital markets director Alex Maddox says: “This means that, in the past 15 months, we have successfully securitised assets worth more than £4bn. This is testament to the level of investor appetite for quality assets and the quality of assets that we are generating. We will continue to grow our lending business in 2016 and look forward to more activity in the capital markets in the coming months.”

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