Difficult Problem With Kensington Mortgages

[NW_Biker]

Hi,

 

My mother has a difficult and complicated problem with Kensington. I have only just found this forum and reading the experiences people have had with this company has got me very worried.

 

My sister died at the end of last year. She and my mother have been resident in the property for almost thirty years. The property was in my sister’s sole name and it was left to my mother in my sister’s will. My mother holds the Grant of Probate and is administering the estate (which has no value apart from the property).

 

My sister’s main mortgage was with GE Money, but following some financial difficulties she took out a fixed sum loan with Kensington in 2006 which was secured against the property.

 

Until my sister’s death the payments were kept up to date, but no payments have been made since then.

 

My mother has negotiated with GE Money and they are prepared to let her stay in the property as long as she keeps up the ongoing mortgage payments to them, which she has done.

 

The first mortgage with GE has around £190,000 outstanding and the loan from Kensington was for £24,000.

 

In July my mother received a letter from Kensington saying that they were commencing possession proceedings.

 

Since then, she has had no communication from Kensington or their solicitors although she has received an account statement for August which includes fees for a solicitor’s letter, solicitor’s fees and court fees.

 

Since my sister’s death Kensington have been adding a monthly arrears fee of £50 per month to the account

which now has £26,000 outstanding.

 

My mother wrote to Kensington last week asking why the court charges and solicitor’s fees were added to the statement as we had had no communication from either and asking for a complete transaction statement for the account. She also asked them to provide a full and detailed explanation of how they calculate their arrears fee.

 

Today she received a letter from Kensington which answered none of the above queries and simply asked if she intended to sell the house and that they were entitled to charge arrears fees.

 

The property is in a poor state of repair and has been converted for a disabled person (my sister was tetraplegic).

We doubt that its sale would even cover the outstanding amount owed to GE Money, so Kensington are unlikely to recover anything from the possession.

 

My mother is 76 years old and is terrified that she is going to lose her home, so if anybody here on the forum could offer any advice it would be much appreciated.

 

Thank you.

Edited September 23, 2013 by NW_Biker

[dx100uk]

cant see the point is them forcing a sale

 

they'd get nothing anyway

 

GE would grab it.

 

dx