Kensington want to evict us again !!!

[Bona]

I have the oputinity to go to the FSO over my treatment but as yet I have foound no one who has won anything so im going to try something else will keep you posted

 

Some time the time comes to make a stratigic withdrawel (get you r two hundred) and try a new tack

Good Luck

[OLIVE.FAMILY]

That is exactly it Bona. Plan B already in action

 

olives xx

[OLIVE.FAMILY]

Had this sent to me on google alert. Not too sure if I have read it right but i think KMC are going to be gradually selling off their mortgages

 

 

Moneyweb - Financial - Investec: time to batten down the hatches

 

olives xx

[hedgehog0045]

They will probably not sell off but just repossess everyones houses and get rid that way:eek:. Just kidding.

 

It does make intruiging reading but not quite sure how to take the bit about closing off the Kensington arm.

[starz 61]

Had this sent to me on google alert. Not too sure if I have read it right but i think KMC are going to be gradually selling off their mortgages

 

 

Moneyweb - Financial - Investec: time to batten down the hatches

 

olives xx

 

Hope government buys them up before they repossess my home.

[jansus]

First time I have read your thread - you have really been through the mill with KMC. I feel a little less guilty for warning Hippogrif why they act as they do.

 

This is no way to treat families.

[OLIVE.FAMILY]

Hi Jansus, Sorry didnt realise you had posted on this.

 

Yes I we have been through the mill with KMC and I would recomend that everybody steer well clear of them. At least it seems judges are wise to them as Hippogrif I noticed had a victory which pleases me emensley as I think I can safely say I dispise this company, I want to see them shut down so that they can no longer spread misery to innocent people who got lumped with them for no fault of there own.

 

Olives xx

 

P.S this are just my thoughts and not anybody elses

[jansus]

I agree and I think the more people complain to FSA or FOS about the way they act the better. They may try and Fob off responsibilty initially but if enough people complain surely they will have to do something.

 

I still am of the opinion that the majority of people who find themselves in arrears with the mortgage need help and support.

 

That support may even be to make them realise that maybe house ownership is not for them long term - and therefore they need to know the best way financially to get out of the situation they are in.

 

Or if it is a temporary situation they need assistance to get themselves back on their feet.

 

Why make a difficult time even worse when there is no need?

 

These particular companies also seemto be racking up un-necessary costs and also do not seem to be following guidelines after the re-possession.

 

 

Lets hope hippogrifs case is a turning point.

[OLIVE.FAMILY]

I agree completly. If i they tried to help me properly two years ago instead of the constant bullying then I wouldnt be in arrears today, but hey in total they will be making £12000 in charges altogether if i carry on paying them like I am now. So I am turning out to be a nice little earner for them

 

olives xxx

[sillygirl1]

Just picked up on the conclusion of this, it is very unfair indeed. The FSa are toothless wonders, along with most of the other regulatory bodies, they don't look after the punters, only the companies who fleece the punters (IMHO and personal experience).

[The GodMother]

olives did u ever reply to the fso regarding the complian and them saying money had been offered?

[OLIVE.FAMILY]

Hello again guys,

 

NO i didnt reply to that one GM and have now received the £200. I am really sitting back and thinking about what to do next. I am thinking that I must be able to go beyond FOS now. I really am not sure.

 

olives xx

[OLIVE.FAMILY]

Hi all.

 

Had a letter from KMC today telling me that as of the 1st December my mortgage interest rate will be going down from 8.95% to 7.45% so you all should be expecting something soon. I am very surprised they done this.

 

 

olives xx

[Bona]

I know you have been following hipograffs thread interested in your views

[OLIVE.FAMILY]

Hiya Bona

 

I am very concerned that KMC have caved in like that. As you know I have been up against them 3 times this year ay=t not once would they give in. Before my last hearing in September I asked if I could capitilise and they said no. The way they usually play that is that if you have paid in full and on time for 6 months then THEY will consider it. It has to be offered by them though. I am actually writing to them at the mo to see if they can capitlise my arrears, just to see I f i can work out what sort of game thay are playing.

 

As I said before this very out of character for KMC to accept payment proposals outside of court.

 

olivesxx

[jansus]

I think also one of the problems is that the Kensington and other SPL posts are scattered all over the forum.

 

Therefore it is hard to get the true picture of what is going on.

[OLIVE.FAMILY]

Yes maybe. I do feel that the most of the repos come here though eventually. I do know that a lot of sub primes are not taking things as far as court and are cancelling court as well. I just dont trust them

 

olives xx

[OLIVE.FAMILY]

Well I missed this one. I have just spoken to KMC to advise them that I have paid. When they went through what I owe he said that there was £50 a month being ADDED to my arrears. I obviously pulled him up on this and said that do you not mean that this is being added to the loan. He said no according to a new consumer credit act ruling these are now actually being added to arrears as some bright spark said that adding to the mortgage is unfair.

 

I am NEVER going to clear the arrears as i am paying £100 amonth towards them and they are charging me £50 a month. I am sooooooo P****D OFF

 

olives

 

ps this is for a secured loan so I am going to deal with the mortage tommorow

[littledotty27]

This is the problem I am having with London Mortgage Company,adding late payment fees onto arrears & monthly installments to arrears instead of paying off mortgage loan.

They are real a**holes arn't they?

 

I have been told by solicitor & financial advisor it is a breach of contract to add interest or any other payments to arrears.

 

Go & get them!!!

[OLIVE.FAMILY]

Well the thing is they are saying that they have to do this now as it is all to do with the new consumer credit act. Apparently it is now deemed unfair to us by adding to the mortgage and more fairer if it is added to the arrerars. So apparently this isnt even KMCs fault.

 

olives xx

[Ell-enn]

I'll check that out - will read the CCA and see what it says!

 

Of course, just because he said it, doesn't mean he's right......

[OLIVE.FAMILY]

To true Ell. He was very undersatnding (yes I said it about KMC) and said I agree with all that you are thinking right now before I even said. KMC have turned into mind readers now. God help me. Also to clarify Hippogrifs post as well, it is a case of pay on time for three months then they will consider capitlising. So that will be the only way around these charges I suppose

 

olives xx

[TMBvmandy]

Hi Olives, thanks for your support, I am with you too! Once they grind you down its hard to get back up again, but I can see you're fighting!!

I'll let you know what FSA does for me, if anything.

I guess the other way is to take them to court??

[OLIVE.FAMILY]

Taking them too court is something I would like to do, Boot on the other foot and all that, the only question is affordability. What will I win and will it be worth i too cover their costs. I dont mind if I am not profiting as if I win then that would be more than enough but obviously I cant afford to pay any shortafll in legal bills. It will be something to look at in the new year.

 

Good luck

 

olives xx

[nickalc]

Kensington repossessed my house in September 2008 and I have nothing. As I hold a big grudge with KMC as at the time i was going through a divorce as well, this was the reason for the late payments. Anyway is there anything i can claim even though they repossessed my house. KMC are on my **** list, i have lost my wife, kids, home. I have no money. At this moment I really have nothing to live for!!