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| Kensington | |
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| Topic Started: Jan 23 2007, 09:50 AM (56 Views) | |
| Carl | Jan 23 2007, 09:50 AM Post #1 |
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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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| jezmeister | Feb 8 2007, 07:49 PM Post #2 |
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Hi Carl, Kensington SUCK!!!!!! I am with them and since june my intrest rate has gone fron 6.80% to 8.40%!! for a mortgage of 121,000 i am paying 980.00 a month. I am now in arrears and they are starting repossesion proceedings against me. I have put forward realistic payment plans to clear my arrears but they have been rejected as "inadequate". They just seem to want to turn the screw until there is no more to bleed out of you then move in like a set of vultures to take away your house. I am going to fight every step of the way as i feel that they are not being fair with how they conduct their business. |
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8:05 PM Nov 8
