Real Life Repossession Cases – Mrs B vs Kensington Mortgages

In order to help other home owners who are facing repossession, we are going to start posting actual cases.
These will be based on situations faced by people who have contacted us but of course, names and identifying information will remain hidden.
Case #1
Mrs. B
Location: Wakefield
Value of Home: approx ￡500,000
Total Mortgage: ￡108,000
Lender: Kensington
Second Charge: None
Loan Arrears: [...]

Sub Prime Lender Kensington Pulls No Punches in Home Repossessions

In the last few weeks we have had numerous calls from desperate homeowners who have gone to court to try and make an arrangement to pay off their mortgage arrears and ask the judge to suspend a possession order.

All of these callers have said the same thing.
The Judge asked the lender’s solicitors to speak to [...]

Bank of England Reduces Interest Rate But Will Sub Prime Lenders?

Let’s hope that the BoE reduction of one quarter of a percent interest rate will actually filter down to those who need it most?
Prime lenders like Halifax have already passed it on to their customers, but for those customers of sub prime lenders like Capstone, GE Money, Kensington, and the like, the results are [...]

Repossessions Up 70%, But News Gets Worse For Owners After Repossession

Not only are we seeing a rise in repossessions this year, unprecedented since the ealry 1990s, but unlike the last repossession wave, many lenders are themselves now in financial trouble.
What does this have to do with those facing repossession?
Well, the answer is that not only are lenders pursuing repossession of those with mortgage arrears with [...]