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| Carl | Jan 23 2007, 09:50 AM |
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Unregistered
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Hi i was browsing the web when i come across your page. I've had a mortgage with kensington now for 2 1/2 years i borrowed £117.000 over 25 yrs we were 1st time buyers and did not have a clue, i also think the mortgage adviser stitched us up as well. At first we had a discounted rate for 1 yr at £625 per month which was fine, then in the second yr it shot up by another £200 per month to £825, now it stands at £925.00 bearing in mind that this is interest only, over 25 yrs that works out at £272.700 nearly 2 1/2 times more than what i borrowed and then i still have to pay the £117.000 back so that's a total of £389.700 and that's at today's interest rate. we had a perfectly good credit rating before but now were struggling to pay other bills, there for a bad credit rating means if we re-mortgage in 6mts, when our tie in period ends were going to get another crap deal, So basically were up s**t creek, without a paddle. or i think so!! Is it just me or do other people think I'm getting ripped off? Please let me know what you think. |
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| Kensington · Kensington Mortgages | |
5:50 AM Nov 28
