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Kensington mortgages fined by FSA for unfair fees
orc_2
Posts: 563 Forumite
From the BBC
http://news.bbc.co.uk/1/hi/business/8615870.stm
"Sub-prime mortgage company Kensington Mortgages has been fined £1.225m by the financial regulator for treating borrowers who were in arrears unfairly. The Financial Services Authority (FSA) has also told the firm to repay £1.1m in excessive fees to those customers.
Kensington had levied three types of fee that the FSA said were unfair or excessive, and it was too aggressive in trying to get its money back.
The company said it was sorry and would repay the money promptly. "
http://news.bbc.co.uk/1/hi/business/8615870.stm
"Sub-prime mortgage company Kensington Mortgages has been fined £1.225m by the financial regulator for treating borrowers who were in arrears unfairly. The Financial Services Authority (FSA) has also told the firm to repay £1.1m in excessive fees to those customers.
Kensington had levied three types of fee that the FSA said were unfair or excessive, and it was too aggressive in trying to get its money back.
The company said it was sorry and would repay the money promptly. "
Please ignore those people who post on this forum who deliberately try to misinform you. Don't be bullied by them, don't be blamed by them. You know who I mean.
You come here for advice, help and support- thats what I and like minded others will try to do.
You come here for advice, help and support- thats what I and like minded others will try to do.
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