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Kensington and Fees and Security Related Charges?

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Hi all.

 

Today I received a letter detailing my arrears on my mortgage. Now Kensington have recently took over my mortgage from GE Money.

 

GE sent a final letter to us a short while ago showing arrears of around £8000 (bad I know) but now Kensington have sent me a letter (received today) showing :

 

Payment Arrears : £8946

Other : 0

Insurance Related Charges : 0

Fees and Security Related Charges : £4496

 

Total arrears : £13442

 

Does anyone know what the hell FEES AND SECURITY RELATED CHARGES are and can they add that much to an already heavy debt/burden? I dont know what this fee is for and they do not explain anywhere as to what is it for?

 

As for as Im concerned, my arrears are £8946 and no more!

 

We are paying are regular monthly payments as normal but trying to add a little extra each month to get the arrears down.

 

Any help would be appreciated.

 

Thanks

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I think you are entitled to a full breakdown of the charges. I suggest that you write to them and asking for this but also send them an SAR.

 

Also, have a read through the mortgage link. You will see that Kensington had been in trouble before for levying excessive charges for arrears and as far as I can see, they haven't stopped


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Arrears. Letter.debt visit.phone call...penalty fees are unlawfully and can be reclaimed

 

Get an SAR running to GE money and get all the statements

 

Kenny's are a nightmare for doing this and have been fined twice now by the authorities

 

Dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Thanks folks. Very informative.

 

 

We have had two, and two only, letters from Kensington since they took over our mortgage at the end of May.

 

 

We responded to the first and now, today, we get the second letter.

 

 

Other than that we have never telephoned them or spoke to anyone in their offices so these `fees` seem ridiculous to say the least.

 

 

OK, mortgage arrears are my fault and I take responsibility but the £4,500 Kensington have added on are what I cannot get my head around - and they have only been with me 6, possibly 7 weeks!

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Question :

Does the SAR go to Kensington or GE or do I send one to each company?

 

 

As for the arrears (mortage)

- there is no dispute from me, but its the £4,500 fees that Kensington have added

on in the 6 weeks we have been with them that I want them to explain.

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you could try kennys first

request you want ALL the statement from day one of the mortgage mind.

 

heres a few bits of help for you

 

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[/url

 

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


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Hi

I so is it a separate letter I send to Kennys claiming back the charges and ask for no more to be added, or at this stage do I just send an SAR and put the notes in?

 

I just do not want them thinking I'm not prepared to discuss a payment plan as I am, but I'm not willing to pay exessive charges. Also I have now my financial statement ready do I sent this or do I just send the SAR? I just do not want them using anything against me as I am willing to work out a plan.

 

Also as GE never chased payment and I an clearly see a monthly £50.00 administration fee along additional interest fees, can I claim this back? If so what form do I use and it this now through GE or Kennys?

 

Thanks in advance for all your help

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You need to gather all the info to make an educated decision


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Before trying to claim anything back you need all the statements from the GE mortgage so a sar to them for that and also a sar to kennys to find out what these additional 4.5k charges are all about


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I too have had my mortgage transferred to Kensington from GE.

 

I too have had a whopping £1,598.07 added on to my already £705.68 mortgage arrears.

 

I too had only two weeks notice of the transfer and suddenly in 8 weeks I have incurred £1,598.07 in Fees and Security Related charges.

 

I have my SAR from GE and am trying to get my head round a spreadsheet to claim their unlawful and unreasonable Admin charges, Returned DD charges and Non existent counsellor fee charges returned.

 

Total for me to try and get back from them is £2,712.00.

 

The way I see it is they have thrown us to the wolves and I am going to try and get redress for this.

I visited CAB today and have an appointment for more detailed advice next week.

 

Have notified Kensington that I have done this and asked them for an explanation of these charges.

 

Letter sent today to Kensington.

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Hi there

 

Just to say that Kensingtons have replied, but NOT explained how they came to their Fees and Security Related Charges.

They just said that I owed this amount and was in breach of my mortgage conditions.

 

 

For heavens sake, how can anyone accrue £1,598.07 in fees and charges in just 8 weeks.

On top of that, Kensingtons phone me daily and leave a text message daily, for me to contact them urgently about my mortgage account which is £705 in arrears - equal to just over one months mortgage.

 

 

They have not even had the common decency to explain themselves to me about these "charges".

I have written to them on several occasions,

 

 

the last one was to offer them £100 a month to clear the arrears,

but also to ask them to explain these charges.

NO INFORMATION FROM THEM WAS FORTHCOMING.

 

 

Only text messages asking me to ring them URGENTLY.

 

 

Well Kensingfton, I have made my offer to you, but you have not replied to me at all.

 

 

I believe that this lender- who we were all sold off to - is just another shark in the ocean of deception.

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yep!!

 

 

they are terrible.


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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And by the way

I have my SAR from GE Money and am in dispute with them about unfair mortgage charges.

 

They have acknowledged my letter of complaint and are looking into my claim.

Not sure how it will pan out, but not accepting any of their lame excuses.

 

I also understand that Fees and Charges cannot be accountable as arrears.

 

Arrears are as far as I have found out are missed contractual payments.

 

So in actual fact I owe £705 in arrears.

My monthly payment is £493.

 

From what I can see the £212 is interest added onto the missed £493 monthly payment.

 

So in actual fact I am only ONE MONTH in arrears.

I would not have paid part of a months mortgage.

 

So this £212 must be interest added on over time.

DAYLIGHT ROIBBERY

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Hi there.

Follow up to my claim for unfair mortgage arrears charges against G E Money.

 

G.E sold my mortgage to Kensington in May 2016 without my knowledge until a letter was received a week before.

 

I claimed unfair charges from GE.

GE proceeded to dismiss my claim, saying that it was no longer my mortgage provider and hence sent the claim to Kensington.

 

Kensington in their infinite wisdom have written to me on 3rd October 2016 saying they are investigating my claim.

 

On 28 October 2016 I have received a further letter from Kensington dismissing my complaint(claim)

 

They are now telling me that :-

 

We believe it would be prudent at this point to explain that Kensington is not obliged to consider a complaint where it has been received outside of certain time limits.

 

In addition the Financial Ombudsman Service may not consider a complaint where that complaint is referred to it outside of the time limits set out in the FCA's Dispute Resolution Rules 2.8.2R except in extenuating circumstances.

 

The time limits relating to fees incurred and events state that complainants have the longer of six years from the event giving rise to the complaint or, three years from when they knew (or ought reasonably to have known) that they had cause for complaint, in which to complain to the Ombudsman. We may reject a complaint without considering its merits if we receive a complaint outside of these time limits.

 

In the circumstances, and in view of the above, we consider that part of your complaint is outside of the time limits for making a complaint regarding the fees incurred as set out in the FCA's Dispute Resolution Rules 1.8.2R.

 

Can anyone tell me what the time limit is for claiming unfair mortgage charges please.

 

They are quoting me 6 years.

 

Thank you

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And of course they are wrong

But will always try it on


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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In view of Kensingtons latest correspondence to myself, I shall be photocopying everything in relation to this claim and forwarding it to the FOS. I always thought that it was 12 years for mortgage claims.

 

I shall also be writing to Kensington, re the time element and informing them that I have forwarded all correspondence relating to this claim to the FOS and kept copies for myself.

 

Is this the right way to go please ?

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Send the Letter Before Action with an updated spreadsheet if you havent already and give them 14 days to cough up or you issue a claim in the county court if that is the way you wish to go.


PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 

I am not legally trained or qualified, any advice i offer is gleaned from experience and general knowledge, if you are still unsure after receiving advice please seek legal advice.

 

 

 

GEMHL Settled

Barclaycard Settled

A & L SETTLED IN FULL :lol:

Spml Reluctantly withdrawn

Blackhorse pre 31-7-06 Demand removal sent 23 8 06. ICO ordered removal jan 2007....REMOVED:lol:

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please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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GE Money were also fined £1.2m around the same time for exactly the same reasons. That was in my WS in a recent case which, incidently was never served because it was settled way before any hearing.


PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 

I am not legally trained or qualified, any advice i offer is gleaned from experience and general knowledge, if you are still unsure after receiving advice please seek legal advice.

 

 

 

GEMHL Settled

Barclaycard Settled

A & L SETTLED IN FULL :lol:

Spml Reluctantly withdrawn

Blackhorse pre 31-7-06 Demand removal sent 23 8 06. ICO ordered removal jan 2007....REMOVED:lol:

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Send the Letter Before Action with an updated spreadsheet if you havent already and give them 14 days to cough up or you issue a claim in the county court if that is the way you wish to go.

 

If you do issue a claim in the county court, make sure you are claiming against the correct company.

 

Kensington Mortgage Company Limited

 

KMC is a company incorporated under the laws of England and Wales (registration number 03049877) on 26 April 1995, having its registered office at Ascot House, Maidenhead Office Park, Maidenhead, SL6 3QQ, United Kingdom. It is a company whose purpose is advancing or acquiring residential Loans to borrowers in England and Wales, Northern Ireland and Scotland. KMC is a wholly owned subsidiary of The Northview Group Limited (formerly called Kensington Group Limited) ("NVG"). NVG is a wholly owned subsidiary of Kayl Holdco. NVG has the same ultimate shareholders as the Seller and Acenden. KMC is currently the authorised mortgage lender of loans with the Kensington group, on the basis that it is an "authorised person" approved by the Financial Conduct Authority to carry out certain regulated activities. KMC does not have any employees on the Issue Date; all personnel in the Kensington business are employed by NVG. On the Issue Date, KMC will delegate its responsibilities and obligations as Mortgage Administrator to Acenden pursuant to the Mortgage Administration Delegation Agreement.

(My emboldening and italics.)

 

Kayl

is a société à responsabilité limitée (limited liability company) incorporated under the laws of

Luxembourg on 17 March 2015, having a share capital of GBP 12,500, having its registered office at 6, rue Eugène Ruppert, L-2453 Luxembourg and registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés) under number B195.610. It is a company whose purpose is, amongst others, the acquisition, holding, management and disposal of participations and any interests, in any form whatsoever, in Luxembourg and foreign companies, or other business entities, enterprises or investments, the acquisition by purchase, subscription, or in any other manner as well as the transfer by

sale, exchange or otherwise of stock, bonds, debentures, notes, certificates of deposits and any other securities or financial instruments of any kind, and the ownership, administration, development and management of its portfolio. Kayl is a direct wholly owned subsidiary of Kayl Holdco S.à r.l. and an affiliate of Kensington Mortgage Company Limited, which is an indirect wholly owned subsidiary of Kayl Holdco S.à r.l.. Kayl has the same shareholders as KMC, NVG and Acenden. As at the Issue Date Kayl does not have anyemployees

And the company that now has "irrevocable power of attorney" in respect of Kensington mortgages securitised to Trinity Square 2006-1 (Special Purpose Vehicle) is

 

Wells Fargo Trust Corporation Limited ("WFTCL")

is a private limited company incorporated under English law with registration number 4409492 and with its registered office at One Plantation Place, Fenchurch Street, London EC3M 3BD. WFTCL is an indirect wholly-owned subsidiary of Wells Fargo & Co. WFTCL falls within Wells Fargo's Corporate Trust Services ("CTS") business line, which provides fiduciary, agency and trustee services on structured and vanilla debt securities issued by public and private corporations, government entities, financial institutions and special purpose vehicles, as well as providing other corporate trust and agency services

Source: prospectus for Trinity Square 2006-1 plc. The "Issue Date" is 24 February 2016

 

But if your mortgage has been "securitised" to Trinity Square 2006-1 plc (I think all Kensington Mortgages have been but you would need to check), then you'd probably have to issue the claim to three Defendants:

 

1. Trinity Square 2016-1 plc, registered number is 9939041, registered office is at 35 Great St. Helen's, London EC3A 6AP, who are the "beneficiary of the legal charge" of securitised loans;

 

2. Kensington Mortgage Company Ltd (see details in my earlier reply), who are the "legal titleholder", ie they own the name of the mortgage.

 

3. Northview Group, who own Kensington Mortgage Company Ltd.

 

I am not a lawyer, though, so please check everything on your own behalf.

 

Interestingly, Trinity Square 2006-1 plc appears to have directors in common (all of them) with Tulip Mortgages Ltd (company number 09242357, incorporated 30 September 2014). Another securitisation company lined up, perhaps ...?

 

One director of the Special Purpose Vehicle (SPV) Trinity Square 2006-1 plc is John Paul Nowacki (aged 37) who has at least 237 other directorships, active and non-active.

 

https://beta.companieshouse.gov.uk/officers/w_M9az91OHWJ2V1jabXjjTKbgek/appointments

 

That is an absurd number of directorships for one person to hold but it looks as if these all have to do with a specialism: siphoning £ billions in equity out of UK property. (See also references elsewhere to Papilio equity release.) I have also found a headshot photo of the weasel but I won't upload it here.

 

To correct one typo:

 

Trinity Square 2006-1 plc

 

should read

 

Trinity Square 2016-1 plc

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all you are doing is publicising your petition.

does nothing to help our users.

 

posts now removed.

 

dx

 

siteteam

please read our rules.

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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I am very disappointed that Prime Minister Teresa May would associate with Northview Group who own KMC, and ignore the unfair treatment inflicted on so many by opening Northview Group head office in 2016. This is after they had been fined for treating borrowers in financial difficulty so unfairly:

 

[

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and what do you want CAg to do about this

help us to help YOU

start a new thread

tell us your story.

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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