The Northview Group is combining the senior management teams of Kensington and New Street.
It said David Finlay and Adrian Whittaker have decided to leave The Northview Group to pursue new opportunities.
In a statement, the Northview Group said: “Both Kensington and New Street will continue to operate as individual brands, delivering complementary propositions to the market. New Street will continue to build on its successful launch, using smart analytics to provide fast online decisions and processing. While Kensington will build on its reputation as a leading specialist lender, with individual assessment of more complex cases by expert underwriters.
“By combining our structure, we will be in a position to provide mortgage intermediaries with a more consistent experience across our lending brands and greater opportunity to place their cases, whether they need a light touch approach or more considered underwriting.
“The UK economy and housing market are built on robust foundations and there will continue to be strong demand for mortgages from customers who require alternative options to the mainstream lenders. We will continue to work closely with our intermediary partners to develop our proposition and meet this demand.”