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11 July 2020

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25/10/2007 - EXCLUSIVE: Kensington retains staff

Staff that were working in the Kensington Secured Loans division have now been integrated into the first charge business although the company says it will return when market conditions become more favourable.

Ian Giles, director of marketing for Kensington Group, said it is vital that staff are retained for when a new range is introduced.

He explained: Given the breadth and flexibility of our overall lending business, we are redeploying secured loans sales and operational staff as appropriate, looking out for the key signals of market recovery. When the time is right we will reintroduce our Secured Loans range.

The news comes just days after Fitch Ratings acknowledged that the assets in Kensington portfolios are continuing to perform well.