📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

kensington...

ive been reading on here that kensington are known as last chance saloon when it comes to remortgaging. if a broker was to introduce me to them what should i do? taking into account i need to remortgage asap should i just go with them? i dont mind staying in the property for the tie in period as i dont want to pay any redemption penalties. also are SPML of the same mould as kensington?

thanks

Comments

  • UK007BullDog
    UK007BullDog Posts: 2,607 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Kensington, G-Mac, SPML, Rooftop, Platform......

    They are sub-prime lenders for people with a poor credit record.

    I would only use them if you cannot find any other lender due to credit record.
  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    it was me that said they were last chance. if you have to - go on fixed rate which will ensure affordable repayments.. no extended tie ins- no variable rates
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.4K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.4K Work, Benefits & Business
  • 599.7K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.