unfair charges spml,kensington welcome

[tommy-tugboat]

Hi.

Just looking for advice on the state of play over unfair charges applied to my accounts.

 

Still got 12 years to run on a mortgage with SPML. if i send an SAR letter is it like poking a sleeping bear. I have £1400 in arrears with them and on a repayment plan which i am keeping up with. Can they put the strong arm on me to pay all the arrears and when i can't start proceedings. What are the chances of success of getting back any charges or should i accept my fate and carry on paying till the end and stay quiet.

 

My Kensington remortgage was finished in Jan 16(woohoo!!!). There are charges that have been applied to this account so what ,again, are the chances of success with this company with it being a closed account.

 

My Welcome loan is due to finish in May 16. There are charges and maybe PPI with these people. Again is the a chance of success of getting these charges back in full or as they say " Keep Calm and Carry on"

 

7 years ago i was in such a financial mess even i wasn't sure what I owed to who. Today the only outstanding debt is the mortgage and 4 payments to welcome. Paid off credit cards, Remortgage, and car. Light at the end of the tunnel.

 

Any advice would be most welcome, Tommy

[BankFodder]

On the matter of the charges from Kensington, I would go in straightaway and try to reclaim the charges. Kensington have got form the unfair charges and you could bring this up as well if you take it to a County Court.

 

Simply the fact that it is a closed account is no obstacle to reclaiming unlawful charges.

 

In terms of the Welcome loan, you should certainly go to the PPI immediately and I don't really understand why you need to ask. In terms of charges, how much of the charges?

 

Also, if they have been fleecing you for PPI, the payments of which have put you into a position where you've incurred charges as a result of inability to pay the loan sum, then you have an even stronger case the claiming it all back plus interest of course. Please start a new thread for this.

 

In terms of the SPML mortgage, I don't see why you shouldn't send them an SAR if you are sticking to the agreed repayment plan.

 

As long as you keep your nose clean – which mean stick to whatever agreements are in place then there is nothing they can do – and if they tried to renege on the deal then you have a very good case the claimant the have been treated unfairly.

 

If they have been applying excessive charges then certainly you should try to get them back although it is unlikely that this would find its way to money in your pocket. Instead it would be applied to the outstanding balance and essentially reduce the 12 year period, which is not a bad thing at all.

[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

 

 

 

 

............

 

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?296108-Hot-news-for-anyone-who-has-suffered-mortgage-arrears-charges-irresponsible-lending-or-other-unfair-lender-conduct

[Baba02]

Hi

 

I got all my £50 charges back from KMC. I wrote to them and they eventually credited them to my account. However I never got any interest included. Nothing ventured nothing gained. I recall a phone call from a chap called Aaron who worked for KMC. He saw my request for help on here. So they clearly look at sites like this

[dx100uk]

Hi

 

I got all my £50 charges back from KMC. I wrote to them and they eventually credited them to my account. However I never got any interest included. Nothing ventured nothing gained. I recall a phone call from a chap called Aaron who worked for KMC. He saw my request for help on here. So they clearly look at sites like this ��

 

thanks for updating us

would have been nice to have done so on your existing thread mind....