Kensington Mortgage Company

Advantages: We have our own home
Disadvantages: higher interest rates

...us to a company called Kensington Mortgages and the broker in easy terms explained basically the types of mortgages they did. We knew that we would pay for a higher rate due to our circumstances and we pay just over 6% compared to an average mortgage of just over 4%. The forms come through and the broker was great and we really made him work for the £500. We had been to see other brokers who wanted it up front but decided against that, so it was ...
...in the house, we approached Kensington to see if we could have an advance. We looked at other companies but decided to keep everything in one basket. This is now going through and we are having a surveyor around on Monday and then they will tell us how much we can have. By doing this, our only outgoing will be utility bills and the mortgage which is a great feeling and the house will be totally modernised. They have been brilliant from start to ... Read review

Scam. Stay away! They take the money from your bank two days before they know your wages arrive, stick you with high 'penalty' fees, build up the debt that way to massive proportions, then take you to court and get your house off you. You would be better off taking out a loan from your local crack dealer then burning everything you own in a backyard bonfire. At least that way you would still have a back yard.

Advantages: will take on anyone
Disadvantages: terrible customer service and higher interest rates

i find kensington mortgages are unhelpful especially if you fall into financial hardship, miss one payment and your interest rate goes up by 0.25%, you ask them something and they either dont answer or reply in about 3 weeks they are nothing but loan sharks, deny any phone conversations with you miss 3 payments and you are in court for repossession, figures for arrears change daily, my mortgage has gone up by £1400 in just 30 months. if you ring ...
...pay us full amount in 5 days or we will go to court for an eviction date. they are a last resort lender and most of their business comes from customers who have unlimited and very high adverse credit against them. i would definantly steer away from them. their reason for putting up mortgage payments are that the bank of england have been putting up their rates.being self employed they did my mortgage but everytime i have tried contacting them they ... Read review

Advantages: Self Cert - likely to get a bigger mortgage than you would with other Lenders
Disadvantages: Higher interest rate

...I used Kensington to get a self certify mortgage. We had a house to sell which my partner owned and it didnt sell but we needed to move to another city. I got a £200,000 mortgage which I would not have been able to obtain through a normal high street Lender on my wage alone which then enabled us to move before the other house was sold. The interest rate is high but it is fixed so I have not been affected by the recent interest rates rises. The downside is a three year tie in, but this ends next June. So we intend to re-mortgage and reduce the mortgage with the funds from the house sale and we will then be able to get a much better rate mortgage on both our incomes. I've found Kensington very helpful to deal with. They were also understanding when I made a late payment whilst on maternity leave. Useful as a short term mortgage... Read review

Ciao members have rated this review on average somewhat helpful

Advantages: Competitive rates, good customer servce, sub-prime and prime products
Disadvantages: can i say none?

...of the mortgage... All in all if you are looking for a mortgage and have been having trouble else where you should check out Kensington Mortgage Company and see what they can offer you.... Read review

Ciao members have rated this review on average somewhat helpful

Advantages: None
Disadvantages: The Worst Mortgage Co in the UK

...I have worked in the mortgage industry for well over 5 years and in all this time my experiemces with Kensington Mortgage Company has been horrific. They will quite happily tell anyone who asks them that they dont care about customer service because as they see it anyone who is their customer does so because they have, and have no other choice, not because they choose to. People often use Kensington because they are loud and brash and manage to get the attention of very many brokers touting for the broker to give them the business if the client doesnt quite fir high-street lending criteria. The thing is though that these days there are about 20 different "sub-prime" lenders available, many of whom service the same clientele as Kensington, and most of which beat Kensington's rates. The only reason many brokers place you... Read review

Ciao members have rated this review on average helpful