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  • FIRST POST
    • Bunneroo
    • By Bunneroo 10th Mar 17, 6:22 AM
    • 4Posts
    • 1Thanks
    Bunneroo
    Kensington Mortgage application timescale
    • #1
    • 10th Mar 17, 6:22 AM
    Kensington Mortgage application timescale 10th Mar 17 at 6:22 AM
    Hi- I hope this is the right place to post. We are waiting (almost 3 weeks) to hear from Kensington about our application. We were expecting lots of extra paperwork requests from what I have read on here. Anyone been through this that can maybe reassure me please? How do I know when they have done a valuation? The credit checks have been done though. Thank you!
Page 4
    • insertusername
    • By insertusername 20th Jul 17, 2:58 PM
    • 17 Posts
    • 2 Thanks
    insertusername
    Is it usually a good sign when the valuation has been instructed? Application has gone in and apparently Kensington came back with a couple of queries after a week that were easy for us to address and the broker had the answers about 10 mins later. Problem is it goes to the back of the queue and its another 6 working days for them to look at the response. Should we expect more questions from them or assume that was all they wanted to know if they have requested a valuation?

    thanks
    • Rach54322
    • By Rach54322 24th Jul 17, 8:52 PM
    • 5 Posts
    • 1 Thanks
    Rach54322
    So your application hasnt been declined yet then if your still paying for surveys etc?

    Ive had to make another Account my name was rachael5432 but couldnt log back on for apme reason!! Anyway, damp report has been sent bk to valuer and we wait again, 8 day turn around at the moment so i think this i going to be a long long longgggg process
    • insertusername
    • By insertusername 25th Jul 17, 11:24 AM
    • 17 Posts
    • 2 Thanks
    insertusername
    We've had our valuation done according to Kensington and that confirmed the purchase price, its just waiting for an offer now hopefully. We have had to provide some more info to the broker last week about one direct debit and a question about salary so I am hoping it isn't going to be a back and forward exercise as it is 8 working days every time they ask questions. I hope the queries we answered last week was all they needed to know.
    • Rhianbkr
    • By Rhianbkr 27th Jul 17, 10:21 AM
    • 1 Posts
    • 0 Thanks
    Rhianbkr
    Hi all, this makes me feel slightly better about our ridiculously slow progress. We're 8 weeks in and seem to be going nowhere! The estate agents are telling us the chain is going to collapse if things don't move quicker! Has anyone had any luck with contacting Kensington directly? Our mortgage advisor just laughs when we ask about time scales and says it will take as long as it takes!
    • Rach54322
    • By Rach54322 27th Jul 17, 5:25 PM
    • 5 Posts
    • 1 Thanks
    Rach54322
    I would be asked my advisor to chase it. A lot of people dont recommend calling them, they'll tall you to call your broker for an update. Whenever i have asked ours to chase they have done and got back to me the same day.
    • Lady712
    • By Lady712 1st Aug 17, 2:03 PM
    • 9 Posts
    • 0 Thanks
    Lady712
    Any news
    Hi insertyourname,

    Have you had any news as I am in the same boat now and was just wondering how you are getting on.
    • insertusername
    • By insertusername 1st Aug 17, 2:05 PM
    • 17 Posts
    • 2 Thanks
    insertusername
    Just received my offer through the post a couple of hours ago. Strangely the broker hasn't contacted me to tell me that the mortgage had been offered but Kensington wrote to me directly.
    • Lady712
    • By Lady712 1st Aug 17, 5:44 PM
    • 9 Posts
    • 0 Thanks
    Lady712
    Congratulations
    That's great news congratulations. I have just received my offer from my broker as well.

    Finally 7 weeks of stress over
    • sunny1985
    • By sunny1985 3rd Aug 17, 1:58 PM
    • 5 Posts
    • 0 Thanks
    sunny1985
    Hi, We have just started all this process and again, due to partners credit history and my debt (but never ever missed any payments) broker suggested Kensington. I can feel not being able to sleep for weeks especially because we need to move out of current property in six-seven weeks.
    Is there anyone that have been declined this mortgage and what are the reasons?
    • Rach54322
    • By Rach54322 6th Aug 17, 3:02 PM
    • 5 Posts
    • 1 Thanks
    Rach54322
    Hi all! We got our offer on the 3rd aug!!!! So relieved!
    • rosr74
    • By rosr74 10th Aug 17, 5:30 PM
    • 1 Posts
    • 0 Thanks
    rosr74
    damp survey
    hi rach pleased you got your offer through. were in a similar situation to what you were re request for damp and timber survey was just wondering how long from the damp survey did it take to get offer
    • Rach54322
    • By Rach54322 11th Aug 17, 10:52 PM
    • 5 Posts
    • 1 Thanks
    Rach54322
    Hi hun.

    It was about a week and a half. The report went back to the valuer on a mon/tuesday and then we got the offer on the thursday the week after. So...on the offer one of the conditions is that the work that needs doing needs to be completed within 6 months of completion xx
    • Decorachael91
    • By Decorachael91 12th Aug 17, 6:32 PM
    • 10 Posts
    • 2 Thanks
    Decorachael91
    So it has taken 11 weeks, BUT we finally got our offer last Friday, this glorious letter came through the door with our offer!
    I'm so so happy I really was losing hope! So searches are currently taking place with the solicitors and we're finally getting the all rolling again!
    Our asbestos survey came back as negative, and we didn't end up paying for it either - the vendors did. I really hope the worst is over and the rest will go a bit more smoother. So guys if you're waiting still - have hope! It took us ELEVEN WEEKS. But we've got it!
    • Rach54322
    • By Rach54322 14th Aug 17, 5:27 PM
    • 5 Posts
    • 1 Thanks
    Rach54322
    Brill news @decorachael91!!! I would be going bonkers if it had taken 11 weeks!!!

    Our searches are back except for one from the local authority! Im not googling how long to exchange Haha!! Solicitors have been a bit of a pain to get hold of but i think were futher along that we expect! Just havent got a clue in terms of weeks how long it takes from offer to exchange and completion! Im so excited yet im still trying to contain it until alls signed and completed cause it can all still go wrong cant it!!

    Good luck to anyone else waiting on their offers!! Xx
    • Denzel85
    • By Denzel85 21st Aug 17, 7:09 PM
    • 2 Posts
    • 0 Thanks
    Denzel85
    Waiting
    Our sale was agreed 12th July had valuation and survey through connells on 1st August. Solicitors were appointed and searches carried out all we are waiting on now is mortgage offer. They requested a little more information last Monday but not heard a thing yet and it's driving me crazy. The house we are purchasing is vacant and had a 4 week timescale and that's now passed we are in limbo. It's the silence and not knowing that's driving me mad. Back to chasing tomorrow as my broker said he esculated the case last week
    • Denzel85
    • By Denzel85 29th Aug 17, 10:33 AM
    • 2 Posts
    • 0 Thanks
    Denzel85
    Finally
    Thank God for that our offer came through at 5 pm Thursday 24th August 2017 broker rang to inform us. We have just had an inconvenience of a bank holiday tho so see solicitor tomorrow I prep for exchange and completion
    • Tecks
    • By Tecks 14th Sep 17, 10:05 PM
    • 1 Posts
    • 0 Thanks
    Tecks
    Hi all. New to this site but currently going through application with Kensington. Me and my partner are about 6 weeks into the process now and valuation is booked in for Monday 18th. Had a hard time getting this far with my bad credit and my partner working for a family business. Endless amounts of documents requested from Kensington but hopefully now valuation is booked we can see the light. Was wondering, what are the chances of them requesting more information or doing more checks once valuation has been completed? Or is it likely they will proceed with mortgage offer? The wait is driving us both crazy with it being our first home and desperately needing it to go through ok!!
    Hope everyone else's case is proceeding well!!
    Thanks
    • Mrpear
    • By Mrpear 16th Sep 17, 10:45 AM
    • 6 Posts
    • 0 Thanks
    Mrpear
    Ok I'm now joining the list!

    06/09 Agreement in principle for 301k
    13/09 Found and viewed the house
    14/09 Offer in and accepted
    21/09 Booked in with my broker to go through the application

    House had the offer accepted at 330k, we have 15% (49k) as per the AIP, and are in no chain.

    I'm a contractor with poor (old) credit but very good credit within the past 4 years hence Kensington.
    Expecting tons of paperwork... Accounts, accountants certificate, proof of deposit, contract, bank statements and remittances.

    We are paid up with our rent until mid December so I am in no rush for this to be sorted in two months and the current owner seems relaxed enough.

    Now comes the pain! Will update any joys/troubles I encounter!
    • mrpear
    • By mrpear 18th Sep 17, 10:57 AM
    • 1 Posts
    • 0 Thanks
    mrpear
    Hi all. New to this site but currently going through application with Kensington. Me and my partner are about 6 weeks into the process now and valuation is booked in for Monday 18th. Had a hard time getting this far with my bad credit and my partner working for a family business. Endless amounts of documents requested from Kensington but hopefully now valuation is booked we can see the light. Was wondering, what are the chances of them requesting more information or doing more checks once valuation has been completed? Or is it likely they will proceed with mortgage offer? The wait is driving us both crazy with it being our first home and desperately needing it to go through ok!!
    Hope everyone else's case is proceeding well!!
    Thanks
    Originally posted by Tecks

    Hi there.


    Congrats on getting this far!


    We are basically at day 1 with the application, what kind of documents did you have to send to get the far?


    Other than the basic.. Statements, income etc.


    I've heard Kensington's underwriters are incredibly anal around detail and even go to the level of "How do you commute to work?"
    • Mrpear
    • By Mrpear 21st Sep 17, 2:06 PM
    • 6 Posts
    • 0 Thanks
    Mrpear
    I’m going to keep updating this as a kind of sanity stress reliever and also to help anybody else!

    Saw the broker today – documents gone in are such;

    Last 6 months
    • Business
    • Personal current account
    • 4 Personal credit cards (all of the at a zero balance every month)
    • Remittances from my current contract
    Copy of current contract with employer, agency and day rate confirmed
    Current log book of car (the sale of which is being used as the deposit)
    Passports
    Driving Licenses

    In the meantime I have been in touch with my accountant who has requested my SA302 forms for my first 2 years trading as a ltd company and I’ve also scanned the Kensington website and sent him a copy of the accountant certificate they will no doubt send to them. Just so they are aware of the current Kensington process.

    My only 2 concerns are:

    • Myself and my wife have very high monthly bills, we pay a lot of rent and have a car on finance. Meaning NO savings. We actually didn’t plan long term to get a mortgage. It just sort of happened. I was put in touch with a broker who said that if I wanted a mortgage we could probably make it work. I had bad old debt so I was waiting for it to fall off my account in 2 years before I even considered it. So we haven’t saved in the slightest. Although I am incredibly lucky that I earn quite a good living. Worried that Kensington may believe we are spend happy. Which I guess before we decided to go for a mortgage – we were.
    • Touching on the point above, while we have no savings we have a car that is worth circa. 40k. Around 40% of the cars value is on finance which my father has kindly agreed to clear instead of going via the gifted deposit route. So the sale of this car is where the deposit is coming from. Kensington have suggested they will need to see proof of ownership and I believe we can just list the car while their underwriters commence with our application
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