Hi All, Where has everyone been lately. Last post was over 6 months ago ! I'm still with DHL and now on a SVR and they have recently sent a letter informing me of the new libor rate increase. My letter states my payments will be 3% above libor plus 1.5%. In my original terms it stated they can use the rate between 1 to 3% above Libor, so I am on the maximum they can charge. Although Iam really, really interested in knowing if anyone has a mortgage rate that was sold from kensington that is less than 3% ? As in my previous post I think this it a ploy from Kensington to make the mortgage offers look fair but in reality it seems less than 3% is not offered and does not exist. After all Kensignton sells on the mortgages to DHL. Is evey Who else is on a SVR with libor rate plus 3% and additional % ? I am think of taking this further becuase i think there is a case for the FSA and ombudsman but need really need your support guys. Thanks for reading and please keep this forum going, and for those who are with DHL and care about your home then I am sure you can understand the importance of my issue.

DHL are correct stating their SVR rate is different for each customer. Like I explained in my previous thread it would depend on which lender sold your mortgage to DHL. If its Kensington then in your terms and conditions it will state they can charge anything from 1 to 3% above the LIBOR rat. (plus the extra percentage in your ofer added onto the SVR. They cannot go above 3% libor as it states this, they can charge between 1-3% above libor. They are milking it ! and one question i have is, in kensingtons T&C's it don;t mention what factors they take into consideration to justify using between 1-3% above libor. From what i can gather this was just a ploy by to make there T & C 's look fair but really what you are agreeing to is above only 3% of libor plus the addition nothing less. It's just pure greed. I would dispute how what factors they use for 3% above libor instead of 1% or even 2% ?. They should explain this to us all in the T&C's. Regarding Nationwide I think they couldn't care less about DHL. Those people you talk to in the call centre it's just an office in skipton who collect payments on behalf of lots of subprime lenders one of which is Nationwide/DHL. They don't have a clue. I've even had wrong letter sent to me with another lenders headed paper addressed to me. They are not financial advisors or a BANK of any kind so they cant and they will never advise and offer you another rate. They just take your moeny.. In a few years time nationwide will just sell them off to someone else to buy and pass the parcel. Sorry guys but this is reality.... Everton

Lets all hope this the latest 0.5% will pass the cut like most lender are doing. Yet I doubt they will realistically do anything about it. It appears from my research this lender has one of the most heightest rates. Wonder if Natiionwide will change their habbits but i doubt it.... Time for the government to take notice on this sort of securitisation dealings. 3% above the libor rate stinks. Has anyone known DHL to use less for ex kensington cusotmers ? Everton

Thanks Wobbles, Thats useful, I guess they are trying to rinse as much as they can becuase that it the maximum they can charge you (3% above the Libor rate) I can;t see why they would charge less (ie 1%) Have you worked out it is 3% ? or is it less than that. I would be suprised if they calculated with less than 3%? Plus would be interesed to know what factor they consider to use 1%-3% (I don;t think it's up for negotiable!) Worth asking them if they will offer you a new fixed rate ? Cheers again. I now know where I stand when my rate ends in 2009. Keep me posted. Thanks

Thanks Catapultman, Did they say that SVR is for you specifically or for everyone on their books (like what most other lenders when they apply SVR) Is you rate comin to an end capapultman? I guess as they buy mortagage porfolio's the SVR would depend on where the mortgage came from ie Kensington, GMAC etc. Could someone clairy this please. Cheers

Thanks Wobles, It would be interesting to know what they will say when you ask them for a new deal ? Please keep me posted. I trust you are off your fixed rate deal now and on the SVR.? If so what is your new S.V rate ? Cheers

Thanks Rose100 for your reply. Your information is helpful and exactly the info that I am looking for. I assume you are refering to the kensington booklet page 9 section 22.6. It does say they cannot charge more than 3% of the LIBOR rate. I take it this means they cannot charge more the 3% of the libor rate after my fixed rate expires. So if the LIBOR rate for example is 3% they will charge +3%maximum. However they will include the extra 1.25% that is stated in the mortgage offer. so amount will be 7.25% for me ? Secondly you say DHLL have a different SVR for each customer. Is that legal? How can they set this rate differently and under what circumstances for each customer? Doesn't make sense. I just hope the govrnment will step in to rid these cowboys of such a high interest amounts. Gordon Brown should enforce a limit/cap on what the SVR rate should be basd on LIBOR rate. (or is this the case already?) Also has anyone asked for a new fixed rate deal from DHLL and what do they say about that? I was told by kensington and TML that it would be good business sense to keep our custom and they will offer a new fixed rate, but begining to believe I was mislead when I raised this question. I hope we can all keep in touch and please everyone keep posting your experiences and info on SVR rates. Also has anyone asked for Consent to Let and what have they said about that. I understand they charge 1% per month extra for doing this. Is this correct ? Everton

Thanks for the info 2Tiko. I am pretty sure they dont offer new deals. Your rate is good (I be happy with that) but anyone else on the current SVR and is it the same as 2Tiko's SVR or different ?

Thanks 2Tiko for you reply. Can u tell me if your mortgage was with Kensington before DHL? and does it say in your original offer SVR plus 1.??%+ or are u just paying DHL SVR only ? How long have u been with DHL and have u asked them for a remortgage for another fixed rate. Your response will be useful thanks again.

Hi stuartangelsx4, thanks for your reply. How long ago was this ? are u with DHL now ? thats half of what ur mortgage was. I am not suprised and know this is things to come for me. Would love to hear from rest of you on this forum and specific figures would be appreciated. Thakns again stuartangelsx4 on this.

HI again, Out of interest anyone know if they have managed to remortgage and better rate with DHL. I would doubt this as they buy portfolio's and are not lenders. Cheers,

Hi all, Sorry for keep asking this again but anyone know that the current SVR with DHL is (or if anyone know what it has been over the last 12 months ? This must be really important for anyone who's DHL mortgage fixed rate is coming to an end in the next 2 years, because Sub prime is almost dead and therefore I will need to consider staying with DHL as it will be difficult getting a mortgage with a normal high street lender etc. I am really worried DHL will increase the rate after the fixed term to a huge amount on purpose to reposses me and sell my property to get the money back quickly. At the moment I am paying 6.39% fixed for 2 years and it states in my mortgage offer (which is Kensington) Quote: "followed by Kensignton's SVR currently at 6.90% PLUS 1.35%." My other concern is because the mortgage got sold from KMC to DHL, will Derbyshire use KMC SVR (as thats what it states in the offer from KMC) or will DHL use there own SVR whatever that is. I am worried they use a much higher SVR than KMC. Surely most people who used KMC here but have a poor credit histroy and therefore as sub prime is dead then who is going to servce these people after all sub prime is risky now, which means sub prime borrowers will either have to get rid of the property or pay the SVR that DHL will set until the market picks up. Surely someone out there is paying DHL SVR who can tell me what its like and has it increased or gone down over this year. If I have to, I can stay with DHL pay the hight SVR and buy some time until the market improves but surly this has got to be a fair amount (but I would not be supprised if DHL would charge over 10%+ SVR in this current climate. even if BOE Interest rates goes down ) What is to stop them from doing that ! after all they can set SVR at whatever they like ! Please anyone help me and I am sure plenty of you will have to pay the SVR at some point and must know what it is now! Thanks for any help on this matter

Hi, I came across this site a few days ago. It might be a few years old but certainly interesting. The UK Mortgage Forum Mortgage Complaints Mortgages Remortgages County Courts Repossessions Eviction - Kensington Mortgages/TML Does anybody know what the current SVR is with DHLL ?

Hi everyone, If anyone know the current SVR with derbyshire please let us all know on this Thread.

Good move Sueanne on getting your solicitor writing to the ombudsman. I do feel sorry for you and I am also worried this will effect me in the same way when I switch from this poxy outfit. One thing I have noticed Derbyshire Home Loans never return calls or pass messege to the correct dept. I have on numerous times have been told someone will call me back it never happens. They also put mr on hold for over 30mins before the bother to pick the phone back up and then say the will call me back after a wasted phone bill and time.