Help with Kensington Mortgages

[Getting older]

Hi,

 

I really hope someone can help.

 

I took out a secured loan with Kensington mortgages back in 2005 and struggled to keep up on the payments.

 

In 2009 I defaulted on my house and it was repossessed

, there was a shortfall in the selling price of the house

 

, my current mortgage lender stated that they would not chase the debt

 

. The issue now sits with Kensington mortgage, the house was sold in 2009 and Kensington have not defaulted the debt but keep submitting 6s on my credit file,

 

I have a feeling that it was around 2006/7 that I fell behind on my payments but the debt never defaulted.

 

Kensington have not once written to me, even though they know my address.

 

I really am not sure of my next move,

 

I am aware that the limitations act works differently with a secured loan

 

. But I really would like to know how the limitations act works and what I should do with the fact that they will not default the debt?

[dx100uk]

Ashortfall by agreement from the mortgage lending council

Should not be chased after 6yrs if the provider has never written concerning the debt in that time

 

As for SB date it is 12yrs I believe

 

But if they are marking your file with no defaulted date

That will go on forever and still show

 

I've some help files on another system I'll post them latter

 

Dx

[Getting older]

Thanks DX, I appreciate your help with this. Surely it should have defaulted by now?

[dx100uk]

Hi

.

Just to let you know this bunch Kensington have been fined £1.225m by the financial regulator

for treating borrowers who were in arrears unfairly.

.

Claim those charges back plus the interest and tell them not to add any more to the account.

.

There are a few news stories here you can get the info for a letter to send to them.

.

http://news.bbc.co.uk/1/hi/business/8615870.stm

.

http://www.fsa.gov.uk/pubs/final/kensington.pdf

.

http://www.theguardian.com/money/2010/apr/12/fsa-kensington-mortgages-fine

.

http://www.moneymarketing.co.uk/news-and-analysis/mortgages/fca-orders-kensington-to-change-unfair-mortgage-terms/2005762.article

http://www.mortgageintroducer.com/mortgages/236498/5/Industry_in_depth/Thousands_of_homeowners_set_for_big_mortgage_refunds.htm

[Getting older]

Thanks DX, I am going to research it now.

 

 

Should I push to get the debt defaulted as it's the only negative on my credit report,

 

 

I am eager to know what action I should take in getting the debt defaulted and removed from my credit file.

[AndyOrch]

Thread moved to the correct forum.

 

Regards

 

Andy

[dx100uk]

IMHO they have not treated you fairly here

 

 

are they aware of you new address and have not been writing to anywhere else?

 

 

if to under MLC they cant now demand the money

so I'd ask them to retro default the debt and play fair.

[Getting older]

I have written to them with my current address and have received no response. Should I be asking for a SAR to see when the last payment was taken? My biggest concern is that they default it from a later date. I have no idea what my first course of action should be.

[dx100uk]

it would not hurt to sar them

if you have doubts

 

 

dx

[Getting older]

I am sending the SAR today, what should be my next action?

[dx100uk]

wait the sar?

 

 

dx