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| Kensington - Welcome Car Finance | |
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| Topic Started: Jun 16 2006, 05:40 PM (240 Views) | |
| Terry | Jun 16 2006, 05:40 PM Post #1 |
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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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| Buzz | Jun 17 2006, 09:03 PM Post #2 |
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Hi Terry, welcome to the forum. As far as Kensington are concerned, I have had a similar experience to you. I have written to them to ask them to justify the £50 arrears fee. They wrote back trying to explain why it is charged, but their reply was very ambiguous. I also asked for them to breakdown the £50 charge, but as yet they have ignored the letter. I am writing a follow up letter tomorrow. May I suggest you do the same. If they get more queries, it might make them realise that these fees cannot be justified, Will let you know how I get on. Buzz wink |
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| whistleblower | Jun 17 2006, 09:37 PM Post #3 |
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If you are following the advice of the action group in sending out these Prem letters, let me know what response you get back from Kensington. My friend is having a nightmare with this outfit at the moment. I may get him to follow the advice of the action group if you get a positive result back from them wink |
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<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/>  <FONT COLOR=RED>Vanquis credit card is owned by provident Financial.Typical 39.9% APR variable Say No! </FONT> Are you having problems with Yes Car Credit or a debt collection agency? Make your complaint direct to the Office Of Fair Trading and BBC1 Watchdog below:. James.MacDougall@oft.gsi.gov.uk or telephone 08457 22 44 99 watchdog@bbc.co.uk or telephone - 020 8535 1000 ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts ****************************************** 
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| whistleblower | Jul 15 2006, 02:36 PM Post #4 |
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Buzz, have you had any news back from this outfit. Are you following the advice from Bank Action Group in reclaiming charges? |
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<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/> <FONT COLOR=RED>Vanquis credit card is owned by provident Financial.Typical 39.9% APR variable Say No! </FONT> Are you having problems with Yes Car Credit or a debt collection agency? Make your complaint direct to the Office Of Fair Trading and BBC1 Watchdog below:. James.MacDougall@oft.gsi.gov.uk or telephone 08457 22 44 99 watchdog@bbc.co.uk or telephone - 020 8535 1000 ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts ******************************************
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| Buzz | Jul 15 2006, 07:27 PM Post #5 |
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They still conveniently ignore my letters. Just as I expected. Been a bit too busy lately to follow it up, so it has been on a back burner. Got a couple of days off work next week, so will go in all guns blazing. If they have nothing to hide, I wonder why they are being so evasive ? Buzz. ( sorry about all the cliches in this post) |
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| whistleblower | Jul 15 2006, 07:31 PM Post #6 |
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aaa |
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<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/> <FONT COLOR=RED>Vanquis credit card is owned by provident Financial.Typical 39.9% APR variable Say No! </FONT> Are you having problems with Yes Car Credit or a debt collection agency? Make your complaint direct to the Office Of Fair Trading and BBC1 Watchdog below:. James.MacDougall@oft.gsi.gov.uk or telephone 08457 22 44 99 watchdog@bbc.co.uk or telephone - 020 8535 1000 ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts ******************************************
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