Competition hits Kensington

Atkinson, Rebecca
November 2006
Mortgage Strategy;11/27/2006, p8
Trade Publication
The article reports on the revelation by Kensington Group Inc. that its first charge mortgage business has been hit by increased competition in Great Britain. It has announced the possibility of a decline of pre-tax profits for 2006 due to reduced margins and lower income from early redemption charges. Moreover, its direct to consumer business TML Mortgage Solutions delivered low volumes of mortgage completions, with only five percent of new business over 11 months.


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