Kensington Mortgages
Posted Mar 2, 2011 by anonymous | 114 views | 0 comments
I was made redundant just before xmas and contacted my mortgage company straight away asking for a payment holiday or a reduced interest rate. They were totally unhelpful and said it wasn't their policy to alter my rate and they don't do payment holidays. I have been in constant employment for 18 years but was told I would not recieve help with my mortgage until week 42 of my unemployment claim and that I would recieve £88 per week benefit. I have just started new job but because of arrears on my mortgage the company started action to take my house. I decided to sell it myself because there was alot of equity in it. I have had to drop the price by £40k to get a quick sale but until the mortage company have the money in their bank they refuse to put a hold on their action. Completion is due within the next 7 - 10 days but yet I recieved a letter only yesterday costing my £175 telling me what I already knew.I think I should be allowed to knock the £40k off my repayment to them rather than it coming out of my pocket.
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