Kensington Redemption charges

[toffy]

Hi

Just found this site and hoping for some help

I am in the process of moving and have also been hit with a high redemption charge from kensington Of nearly £7000,00 as with are going to end 4 months to early which we didnt realise but its to late to wait another 4 months, as we have sold and have found a new home.

Is there anyway out of paying this redemption ,we did speak to someone at kensington to see if the fee could be waivered but was told no we even said how about a reduced fee as we only have 4 months left and then would have to pay nothing, thinking even if we paid half 3% instead of 6% would be better than the full whack but was also told this is not possible.

Can anyone give us any advice, would be very much appreciated.

We have also been stng with lots of charges from kensingon with late payments as my hsband is self employed and cant gaurantee a apyment date. so theyve had loads of extra from aswell and always increasing the payment as have just read on here aswell. how dare these companies keep ripping people off all the time something needs to be done.

thanks

[moneymania]

Hi and welcome. I'm no expert but as far as I know we are suggesting that no new claims for redemption charges are started. At the moment the risk is to high, we do not want you to possably suffer courts cost's.