Kensington Mortgages : Using data to write better mortgages
KENSINGTON MORTGAGES
150 some central process within the bank with people that don ’ t understand individual circumstances and you often end up with a ‘ computer says no ’ approach . Taking out a mortgage is a complex process , much more so than perhaps getting a car loan . You have to value the property and try to consider whether the person involved can sustain paying a mortgage for the next 25 years .”
As Kensington gears up to celebrate its 25th year anniversary in December , Harris is looking to the future and is optimistic about what the next few years will hold for her organisation and the industry itself . “ I think it ’ s a really exciting time for the sector and we ’ re on the cusp of disruption ,” she explains . “ Kensington is currently growing at 30 % year on year and we expect the growth of digital within the industry to only accelerate post-COVID . We also anticipate an increasing need for specialist mortgage lending as people ’ s financial situations become more complex . Coming out of COVID , there are going to be a lot of people that were on furlough or had to take a payment
Kensington Mortgages : Using data to write better mortgages
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DECEMBER 2020