Jump to content

Kensington Mortgage early repayment rebate and excessive cost to settle early.

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3496 days.

If you need to add something to this thread then


Please click the "Report " link


at the bottom of one of the posts.


If you want to post a new story then


Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 



Recommended Posts

Took out a Kensington mortgage in Sept 2006. Never been in arrears and never missed any payments.


Borrowed £25,000 plus £250.00 admin fee to set up with a further £2000 broker fee. Total advance £27,250.


Have recently (May 2014) been in contact with kensington to ask for a settlement figure.


They wrote back saying the payment needed to settle early would be just over £32,000


I have paid approx £30,000 in monthly payments since inception of the mortgage, which was on a variable interest rate.


The current balance stands at around £23,000 so given the original advance was £27500 and I have already paid around £30000 I feel to be asked for a further £32,000 is unfair and excessive.


Do I have a legitimate concern or do I just have to pay them the money to be free of this greedy company.

Edited by sxflyer11
Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?

  • Create New...