Kensington Mortgages

KGF02

For some time I have been trying to get Kensington Mortgages to let me have their 'Kensington Standard variable rate' ie a rate that would apply across the board to all their clients.They have always refused until I went to Court and their Solicitor handed over what he felt was the Kensington Standard variable Rate. I have this now broken down by month and year back to 2004

I am sure that this Standard variable rate varies from client to client depending on what the Kensington Underwriters feel they can get away with which is why they do not normally publish a Standard Variable rate any where.

I need urgently to compare the rates you have with the now published rate I have...if they differ then Kensington are in trouble since the rates I now have are a legal document.
Please can any of you help by comparing the rates I have to the rate you have been or are being charged. I can PM you the rates if you want them.
many thanks

scottdrew

Hi,

As of the 1st september 2012 our variable mortgage rate is 4.79% if you could PM me the rate list you have that would be interesting to read, thanks and good luck with this task.

KGF02

Hi Scottdrew
I have pm'd you. Do please email me.
Thanks for the info so far
best regards Kevin Fraser

KGF02

Looking at your rate it seems wrong.
Is this your overall rate.? You may have an additional rate on top of the KSVR which you need to deduct off which will then give you the actual KSVR.
We are talking about the same Mortgage company Kensington Mortgage Company.
thanks

KGF02

We have already had a couple of successes here but need as many as possible so we can compare rates. You are not alone in this and the action I am taking may well help reduce your own rates.
many thanks

On_My_Lonesome

Could you PM me the rates too please OP and I will dig out paperwork to compare.

_Andy_

I may be wrong but didn't they have multiple SVRs according to which product you were on?

KGF02

Hi Andy
That's the point. they cannot have multiple SVR's. A standard variable rate has to be a STANDARD rate to everyone. They can add a rate on top of this which varies from customer to customer but not the SVR.

ILW

KGF02 wrote: »

Hi Andy
That's the point. they cannot have multiple SVR's. A standard variable rate has to be a STANDARD rate to everyone. They can add a rate on top of this which varies from customer to customer but not the SVR.

Halifax used to have more than one SVR.

piggy18

hi
i am with kensington mine is a libor linked mortgage and is a certain % above libor which i think is 3 %. in march 2004 it was 9.200% making it 6.200% in march 2012 it was 4.10% making it 1.10% in june 2012 it was 4.00% making it 1.00% i have had this martgage since 1997 so i have lots of different rates if you want them.

KGF02

Hi Piggy
I have Pm'd you.