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Before beginning to claim your bank charges be sure to read the FAQ by clicking the link above. Read it carefully and also read as much of the forum material as you can manage before you start claiming your bank charges refund. You will have to register before you can post or view the materials which may assist you in reclaiming your penalty charges: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. Understand what you are doing and you will be able to Reclaim the Right more effectively.

Why don't you come and introduce yourself in the Welcome section at the top of the forum. Then have a look around the rest of it.
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Old 7th August 2007, 11:13   #1 (permalink)
Yog sothoth
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Default Reclaiming charges from mortgage providers (Kensington)?

We moved our mortgage from Kensington Mortgages a while ago. They were charging us 10.5% at a variable rate. The payments were so hard to meet that we had some late payments and minor arrears, all of which were heavily charged. Am I right in assuming that the same procedure can be used as with banks, in terms of reclaiming charges, and has anyone any experience of doing this with kensington or similar 'specialist' lenders?
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Old 9th August 2007, 10:13   #2 (permalink)
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Default Re: Reclaiming charges from mortgage providers (Kensington)?

bump. Anyone done this?
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Old 9th August 2007, 10:15   #3 (permalink)
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Default Re: Reclaiming charges from mortgage providers (Kensington)?

Yes, you may claim the charges - Kensington will put up a fight however, but ultimately I believe they will pay. If I recall correctly, they charge £50 per month every month an account is in arrears. The interest rate you will not be able to do much about, but certainly on the face of it, a standard £50 a month charge would appear to be a penalty.

The procedure is almost identical and there are a number of threads where Users have claimed these charges back.

Look here for example - http://www.consumeractiongroup.co.uk...age-companies/
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Old 9th August 2007, 10:44   #4 (permalink)
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Default Re: Reclaiming charges from mortgage providers (Kensington)?

I've moved you to the mortgage forums where you wil lfind many others in the same position as yourself.

Good Luck
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Old 9th August 2007, 10:44   #5 (permalink)
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Default Re: Reclaiming charges from mortgage providers (Kensington)?

hi yog
i to had a mortgage with these people i to was paying 1200 per momth
i was being charged 50 a month to
cut a long story short i am remortgaging now and i have instructed a recovery firm to claim back these charges
i believe its a legal minefield and these people dont give up easy
i have no problem getting a firm for this as i dont think i could do this on my own i will keep you posted on how its going good luck
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Old 9th August 2007, 10:59   #6 (permalink)
Bona
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Default Re: Reclaiming charges from mortgage providers (Kensington)?

A lot of us are claimimg them back with out using a third party just read the threads
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Old 9th August 2007, 11:49   #7 (permalink)
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Default Re: Reclaiming charges from mortgage providers (Kensington)?

Aha. Posted it on the wrong forum! Oops.

Cheers. Sounds like it's worth pursuing then. I'm no longer mortgaged with them so i have nothing to lose - they can't touch me.
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Old 9th August 2007, 13:27   #8 (permalink)
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Default Re: Reclaiming charges from mortgage providers (Kensington)?

Yog. It is a relatively easy process and one that you do not need a company to do for you. We are all in the same boat and have dealt with mortgage companies so have a lot of experience between us all.

Using a company to do this for you means you will lose a lot of what you are claiming back, and after all it is your money so why give it away again?
Keep posting on here and you will be given everything you need to get your money back.
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Old 9th August 2007, 13:45   #9 (permalink)
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Default Re: Reclaiming charges from mortgage providers (Kensington)?

Cheers Mrs!

I must set aside some time to properly explore these forums. I suspect a lot of what I need is already here, without me asking naive questions!
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Old 9th August 2007, 19:02   #10 (permalink)
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Default Re: Reclaiming charges from mortgage providers (Kensington)?

Ask away.....we are here to answer! However it really is important you understand the process and the laws it relies on. If you are stuck and cant get an answer from here then have a look in the weclome forum, there is a link which is an a-z.....fantastic for answering questions you may have.
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Old 10th August 2007, 07:36   #11 (permalink)
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Default Re: Reclaiming charges from mortgage providers (Kensington)?

hi mrsfoot
hi mrs can i just clarify that i wasnt advising yog to use a third party
only that i myself was happy to use one and i dont think i had the knowhow to claim myself
reading what you posted i have now told my third party not to proceed
i will try and do this myself
thanks treble99
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