Kensington Mortgage Company

...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 ...

BUBBLES171 25.03.2004 · Read full review
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Review of Kensington Mortgage Company

...This is where Kensington Mortgages come in as they only deal with brokers or financial institutions when people have been turned down for a loan. All the papers were signed with the broker and sent off to Kensington and we were told to go and choose a house and then contact them via the broker. We found our house which was repossessed and a bit of a state and were prepared to go up to £75k. We fell off our chairs when they came in with a valuation ...
...This then was passed onto Kensington who would only speak to our broker and not us direct. We were kept informed and when we were told things were ready to go ahead we were chuft and told our solicitor to proceed quickly as repossessions are supposed to complete within a month. About a month later we got a message from the broker saying that they would not deal with our solicitor as he was a sole partner, we had to have ones who had more than one ...

BUBBLES171 27.12.2003 · Read full review
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Review of Kensington Mortgage Company

...We were directed to Kensington via a local Broker, which I have now learnt to be probably more to do with their high rate of commision to the broker and little to do with our own personal circumstances. The most they would offer us was £60,000 despite the value of the house being £30,000 more. This was largely due to the absolutey massacred state of my partners credit rating because of the joint finances the ex left her paying..... and the fact ...
...By the time all the kinks were ironed out, including removal of a charge on the house thanks to the cursed ex, we were relatively happy to have settled, had enough left over for the rest of the double glazing and a fixed rate of 5% over one year. We also had to arrange our own buildings and contents insurance, and refused to accept their life insurance policy as another way of earning our broker commission and paying them even more money than we ...

jedimasterlincoln 21.01.2008 · Read full review
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Review of Kensington Mortgage Company

...snag iv got 2 mortgages kensington & capital home loans kensingtons mortgage £233.000 im paying £833 a month capital home loans £296. 500 im paying £433.00 a month im also in a tied in for 3 years with kensington wich ends in december thank god £14000 charge if id of sold before my 3 year contract ended as plus they dont allow you un der no circumstances to be able to draw down off your property no matter how much equity you.v got also there lack ...
...? high rates compared to other lenders? impossible to draw down ? and if you should lose your job ,and youv built a lovley extension on your house your shnucked, they cant even get repossetion prices.{1} my advice dont go self cert .{ 2} if you.v got a big deposit keep hold off it and rent why 'buying is dead money right now at least your only signed up for 6 months plus your in absolute controle off your money. as the saying goes at this present ...

BOOTSO 02.05.2009 · Read full review
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Review of Kensington Mortgage Company

...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 ...
...many brokers place you with Kensington over the others is that they pay more commission - nothing to do with whats good for you. Take my advice steer well clear of Kensington. If you have slight adverse credit you may find that Abbey or Chelsea will help you. If these say no then try the higher level of sub-prime lenders. This includes such lenders as Birmingham Midshires, GMAC, Igroup, Preferred, Platform, SPML and so on. Only once you exhausted ...

SteveDunstable 14.06.2005 · Read full review
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Review of Kensington Mortgage Company

DO NOT USE KENSINGTON FOR NO REAsON AT ALL, i got a mortgage from then on 6.3%. between a year and a half , it rose up to 9.10 which i'm having problem in paying.because i'm missing a 6 weeks, they took me to court now i've put the house on the market. hope fully i'll sell it before the take it off me because thats their plan ...

yomi 24.05.2007 (23.05.2007)
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Review of Kensington Mortgage Company

Do NOT touch this mortgage lender! Check the money forums, they ALL tell the same story! We have had a mortgage with Kensington for over 4 years and we are stuck with them. In 2004 the base rate was 4.75% our mortgage rate was 7.8% four years later the base rate has dropped to 2% our mortgage will also be dropping in January to 8.7% - thats right 0.9% higher than it was four years ago even though the base rate has dropped 2.75% in the same period! Their website states that their variable rate tracks the base rate, what a load of bull! Thier staff are also mostly unhelpfull! ...

s77urf 17.12.2008
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Review of Kensington Mortgage Company

...on television, I turned to Kensington for help. The salesman that came to my home was very convincing, telling me everything I wanted to know. BUT, he did not tell me that when I were to decide to get a more competitive rate, when my financial situation had improved, that it would cost me an additional £4000 in early an settlement fee. Recently, I had notification that arrived 4 weeks late, that my mortgage rate was going up, YET AGAIN, this time ...
...a high street bank. Kensington do not give a damn about keeping their customers as they rob you twice, once with their huge fees at the start of the loan (added to mortgage) and then at the end of their service when you change lender by adding on an early settlement fee!!! Do NOT TOUCH THEM!!! ...

PJtheanimal 29.04.2007 (28.04.2007) · Read full review
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Review of Kensington Mortgage Company

I work abroad and missed a payment. Previous to that I had never missed any. On my return, I sent the payment straight away. Whilst the payment was in transit or being processed, I was phoned by an EXTREMELY rude man who spoke to me like dirt. I was two days past my "payment due date" at the time. The minute my fixed term deal is up I shall switch mortgage providers straight away. Don't touch them with a bargepole unless you have no option. ...

HonestlyJohn 26.11.2008
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Review of Kensington Mortgage Company

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. ...

icicle64 08.01.2008 (07.01.2008)
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Review of Kensington Mortgage Company

kensington mortgages are to be kept away from, i took a mortgage out with them in 2004, once i got into financial truble i tried to make arrangement to pay off the arrears but they were so rude all they were interested in was my house. they won a repossession order and said if i paid £3900 they would stop the repossession, i paid £4000, on the day of eviction at 10 30, the bailiff was at the door at 1230 and they cancelled the repossession at the ...
...i had a phone call from customer services saying that they had made a mistake and i was given the wrong figure, i was to bring the account upto date within 5 days or they will repossess. after putting their charges on the figure they now quoted was £10000. i tried as hard as i could to negotiate and in september 2006 whilst i was undergoing major surgery the bailiff dropped an eviction notice through my door. i was then repossessed 3 days after ...

liamara 11.12.2007 · Read full review
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Review of Kensington Mortgage Company

I ended up having to sell after they kept trying to reposess and even though my sale was due to exchange in just a couple of days they took me to court to try & kick me out, so they could make more profit than the tens of thousands of interest & redemption penalties they were making. My lawyer tells me they would have sold the property through an estate agent at a bargain basement price, the property would then be sold on at market value & then they ...
...lost EVERYTHING I worked so hard for. If Id rented it out to try & meet my mortgage they would have jacked the rate up so much any extra would have been swallowed up. My mortgage went from about £1200 per mth to over £2000 thanks to their small print (it went up to 9.something %). This is on a one bedroom flat! I was given 3 year payment figures by the broker & I can assure you that the sudden rise (after one year)wasnt mentioned there, it was only ...

TJM1 04.08.2005 · Read full review
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Review of Kensington Mortgage Company

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 ...
...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 but not really a long term solution. ...

Jacketspud1 23.06.2007 · Read full review
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Review of Kensington Mortgage Company

Do not use Kensington if you have any choice at all. They will treat you very badly, they will load your account with fees and they will increase your interest rate EVERY time you are late with a payment. In addition, while they state on their website: Kensington Variable Rate (KVR) Our Prime mortgage products track the Bank of England Base Rate (Bank of England UK Repo rate) set by the Bank of England from time to time. Interest is calculated ...
...not tracked the interest rates down - despite 3 Bank of England interest rate reductions totalling 3%, the KVR has not moved down at all - it is now two and a half times the BoE rate and it appears they do not intend to move it, but simply to take advantage of their customers, likely repossessing many of them on the way. These are not pleasant people, and yes, they will turn up at your door and shout your business about your neighbourhood! ...

sfb789 08.12.2008 · Read full review
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Review of Kensington Mortgage Company

Kensington offer mortgages for all, for those with perfect credit scores and for those who unfortunately don't. They offer all types of products to suit everyone's needs, First time buyers, next time buyers, buy to lets, remortgages, right to buy... the list goes on. These can be based on fixed rates, variable rates tracker rates and such like. Even though they offer prime product they specifically target the sub-prime market who are those who would ...
...your accountant stating that in their proffesional opinion you will be able to keep up repayment 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. ...

zazzyzoe 22.08.2003 · Read full review
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Review of Kensington Mortgage Company