| Viewing Single Post From: Please Avoid Them At All Costs | |
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| londongirl | Jun 20 2006, 08:27 AM |
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My mortgage went from about £1200 per mth to over £2000 after the first year thanks to their small print (it went up to 9.something %). This is on a one bedroom flat! I was given 3 year payment figures by the broker & I can (after one year)wasnt mentioned there, it was only mentioned when it was too late. Brokers get a fortune in commission from them so are very happy to put business their way. I ended up having to sell after they kept trying to reposess and even though my sale was due to exchange in just a couple of days they took me to court to try & kick me out, so they could make more profit than the tens of thousands of interest & redemption penalties they were already making. My lawyer tells me they would have sold the property through an estate agent at a bargain basement price, the property would then be sold on at market value & then they will get a nice kickback - whilst I would have lost EVERYTHING I worked so hard for. If Id rented it out to try & meet my mortgage they would have jacked the rate up so much any extra would have been swallowed up. In the end I sold for a decent price by myself, but then, lo & behold they made a 'mistake' on my redemption figure & managed to extort another £300 from me 3 weeks after the sale completed! All in all they made a fortune from me & I wish to God Id never used them. Please avoid them at all costs. NO house is worth this. |
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| Please Avoid Them At All Costs · Kensington Mortgages | |
10:37 AM Nov 27
