Kensington to come back to RMBS market with £250m deal

Investec’s UK mortgage lending subsidiary Kensington Mortgage Co has confirmed that it aims to return to the RMBS market later this year. The planned securitisation, Kensington’s first public deal since March 2007 and the first under Investec’s ownership, will be backed by seasoned and newly originated prime and buy to let mortgages. The firm restarted new lending last November, offering products with a maximum loan to value ratio of 75% and without a non-conforming range. It hopes to come to market with a deal up to £250m.