Compensation For Mis Sold Kensington Mortgage February 27th, 2014

Kensington Company has been very renowned and reputed as a mortgage company. However, this company had been penalised for unfair treatment to their clients on grounds of Mis sold Kensington mortgage.

Many clients have also been facing mortgage arrears to a great extent which has been defined by the Financial Services Authority as severe failings by this company. There was adequate mismanagement in the handling processes as well as with the dealings with the arrears of the customers.

The FSA has put several issues on the basis of which you would be able to claim for a compensation for Mis sold Kensington mortgage. In fact, not only do you have to be aware that you can claim for your losses due to mis-selling, but at the same time, you would also be know the different issues on the basis of which you would be able to make a claim.

  • If your insurance provider has been fined by FSA for mis- selling
  • If the terms and conditions of the policy is not explained to your properly and you are totally misguided
  • If it was not explained that that the premium that you pay would be added to your new loan and that loan would attract more interest over the loan term.
  • If you were not told that the payment protection insurance was compulsory with the financial agreement that you did.
  • If the pre-existing medical condition was not enquired during the time of purchase.

On the basis of these grounds, you can be assured that you would be able to seek for compensation for Mis sold Kensington mortgage. The amount of compensation that you earn would of course vary. If you want, you can take the help of the experts/ in such a case, you would have to provide a commission to these experts on the basis of the compensation that you earn. In other cases, if you think that you would be able to manage the problem on your own, you can of course keep the entire commission awarded to you.

In fact, irrespective of the fact that Kensington Mortgage is guilty of Mis sold Kensington mortgage, yet the company has been penalised so that the same procedures are not repeated. In fact, many companies like Kensington have been penalised or would be penalised to bring the focus of the customers and the mortgage companies in mis selling cases.