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Help required please Kensington/uch homeloans


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Hi all,

Would appreciate someone pointing me in the right direction of resources.

 

I initially signed up to a mortgage with Kensington mortgages.

At the the time I had no idea that they were giving me an interest only mortgage at an extortionate rate not to mention the fees charged.

 

I was then moved onto UCB Homeland who have continued to keep me on an interest on mortgage but again at a really high rate despite them being so low for a long time. I am still being charged a very high rate.

Due to current financial circumstances I'm unable to move lenders. 

 

What options do I have? 

 

I remember seeing details of potentially reclaiming the charges and some interest payments. Is this correct and if so how do I start the process?

 

Many thanks in advance for your help

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SAR time.

 

there is no legal compulsion for either the creditor to change your type of mortgage

nor

move you to a better interest rate

 

thats your job..

 

 

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

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I understand that it is my job to change the mortgage to a better interest rate but what I am referring to is potentially being mis sold the mortgage in the first place. followed by being penalised and charged for moving to another lender. Thank you for your response though.

 

 

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Then say that then...

 

and raise an irresponsible lending claim against them if you think its true, but i seriously doubt any lender even one as bad as kenny's would not have carried out extensive checks.

 

Now if they did then your alternative is to get an sar running and get reclaiming all their unlawful fees.

 

Plenty of threads here on kenny's and reclaiming.

 

Dx

 

 

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

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I will search for the threads thanks. Looking into this first time and using the site first time so I may not have come across quite clear. 

 

Just found your response very abrupt but I do appreciated the input.

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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

 

 

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

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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