| Viewing Single Post From: Kensington - Welcome Car Finance | |
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| Terry | Jun 16 2006, 05:40 PM |
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Subject kensington mortgages/welcome finance Message You are asking for stories about kensington mortgages, I took out a mortgage two years ago through there associate company TML, everything seemed fine I even took a further advance after six months then the shock arrived apparantley I had signed up for a discounted rate, which was news to me, and my payments increased by £80 per month at the end of the first year. In august last year my wife was off work and we missed one payment even though I told them in advance the charges amounted to about £100, and then you are charged £50 at the end of each month that you are more than one month in arrears which I was because the initial charges are added to your arrears, although the monthly £50 charge is added to the balance of your mortgage so extending your payment time. Today I recieved another surprise it is the end of the second year and and I am contracted to another 1/4 percent rise on my interest rate. Roll on the end of this year then the astronomical early settlement charge period is over and I can remortgage elsewhere. ps Does anyone have any advice on how to deal with another problem I am having with Welcome Finance, who sound a lot like Yes, I want to return my vehicle and understand the HP side but they sold me a warranty and shortfall insurance but this is covered by a separate credit agreement which does not terminate with the HP how do I deal with this. |
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| Kensington - Welcome Car Finance · Kensington Mortgages | |
1:39 PM Nov 27
