www.iva.co.uk

Hey there people!
Has anybody on here had any dealings with Kensington Mortgages? Since 2006 i have had my mortgage with GE Money Home Lending (General Electric)I received a letter from GE on Wednesday stating that GE had sold off a large proportion of its financial Conglomerate off to Kensington, and from the 6th of November, my Mortgage will be dealt with by them under there terms & conditions along with Interest Rates!
Has anyone had any experience with them? Do i need to worry about ridiculous rates? Someone told me they were a sub-prime lender. It would just be my luck, after 3 months of finishing my IVA my mortgage payments shoot up![:(]

Thanks
Chris.

Hi - online reviews suggest that they are erratic, the rates are not the best and they have a habit of changing payment dates.

Might be worth speaking to Ryan or Shaun to see if they can help you at all?

Chrisd0345-
Please do not worry.
As they have taken over the debt, they are not able to vary the terms and conditions you originally entered.
If you are 3mths clear of completion, you should only be 9mths away of being able to move away from them and get a normal mortgage company.
Rates will not rise by much, if at all in the next 12mths, so nothing to panic about![:)]
lifenoteasy - your comments are not factual and not helpful on something like this based on a web search!

Ryan - I looked for both positive and negative reviews based on customer experience for the last 2 years with reviews suggesting a negative experience once a mortgage had been agreed.

I would point out that the poster had stated he had been told that his terms were being changed.

Like anything it is for people to make their own decisions about how useful they find what has been posted.

If the poster has the possibility of being able to move then great - it's a view that provides another perspective.