Kensington has reported a record month in October, with mortgage applications and completions hitting their highest level since the lender relaunched in 2009.
It saw a 60% increase in the value of applications and a 50% increase in the number of applications received in October 2015 compared to the same month last year.
The intermediary lender also experienced a 20% increase in the value of completions, and an 18% increase in the number of completions over the same period. This marks October 2015 as the lender’s strongest month seen in terms of applications and completions since the global banking crisis.
The figures also revealed that Kensington’s second, third and fourth biggest days for new lending in recent years all fell within October 2015.
“These strong figures are testament to our determination to drive the growth of the business since Kensington was purchased by new owners in January,” said Steve Griffiths, head of sales and distribution at Kensington.
“It’s been a busy year, and we have been working hard to deliver a huge programme of change to successfully move into our new operating environment and improve our core product range.”