Kensington Mortgages and New Street Mortgages are launching in Scotland.
Kensington will introduce a residential offering and New Street buy-to-let.
The lenders will start with limited distribution through Legal & General’s Mortgage Club.
All brokers will be able to access the lenders from March.
Kensington will launch its residential proposition, including its Select range, from today.
The products range from 75 to 85 per cent LTV and have two-, three- and five-year fixed rate terms.
Rates start from 2.69 per cent with Kensington’s Select range, on a two-year fixed at 75 per cent LTV.
Kensington director of sales and distribution Steve Griffiths says: “Being Burns Night, we thought it would be an ideal day to launch our exclusive ranges in Scotland through selected partners from Legal & General’s Mortgage Club.
“We feel there is a lack of choice out there for customers in Scotland who need individually tailored solutions, and we hope our expansion here will be able to provide those borrowers with complex incomes a solution that recognises their real life circumstances.”
