Kensington Mortgages has launched a ‘specialist distribution award’ for the fastest offer on packaged applications.

The lender says that every month the award will recognise an individual working within one of Kensington’s specialist distribution partners who has demonstrated “excellent product knowledge, accuracy and efficient processing” to submit the packaged application with the fastest application to proceed to offer time.

Applications have now opened, with the first winner due to be announced at the beginning of September. Further winners will then be announced each month for all packaged applications submitted in the preceding month.

As well as receiving the exclusive ‘Kensington Specialist Distribution Award for Fast Offer’, winners will also be named online and in other promotions.

Kensington currently deals with 10 specialist distribution partners whose qualify for the award. They are: 3mc; Active Investments; AToM; Brightstar; Brilliant Solutions; Complete FS; Connect; The Mortgage Trading Company; Residential Home Loans; Solent Mortgage Services and TFC Homeloans.

Steve Griffiths, head of sales and distribution at Kensington, said: “We are very pleased to announce the introduction of this exclusive award, as we at Kensington believe it is important to acknowledge the quality of support and hard work we receive from our specialist distributors.

“We are committed to this distribution channel, which plays a fundamental part in helping us to grow our business. It’s these specialist distributors which help brokers to source and place more complex cases, and extend the reach of our products to help more customers with real life circumstances secure the mortgages they need.

“As a result, this is Kensington’s little way of saying thank you to our specialist distribution partners, and we hope our future winners enjoy the recognition they deserve from our awards.”