Kensington Mortgage application timescale
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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!
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6 weeks that they took to underwrite our mortgage that we wanted.
They ask for a ton of paper work on week 1 and week 2, little bits of paper work through to valuation then they make they're choice.
9/10 if you didn't get declined at credit search, you'll more then likely be placed for valuation then your offer is in your hands. (as this is what happened with us).
[STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
11/11/18 - £142,074.00
Barclays Car (5.99%)£0/£8,832.37
They have asked for so much paperwork! I'm recently self employed (2 years) and my partner had adverse credit hence Kensington. Only a couple of old defaults Nothing over about £500 all settled but one which drops off next year.
Are they quite lenient? We've passed application just awaiting underwriters decision but they keep asking for more and more paperwork - I don't know if this is a good or bad thing. They are taking a really long time every time we submit more paperwork they take 6 days to review it and the estate agents are pestering me to get the valuation booked. Any experiences?
Thanks
I thought I would keep you updated as all Iv done is search for help and there isn't a lot of threads on Kensington. So we got our DIP in march and bought the house on the 6th April 2017. We then sent of all paperwork and on 31st May the Valuation was done. I am still waiting for an offer from them. It's driving me crazy so worried there going to say no. Anyway Iv emailed them and hopefully I should have an offer by the end of the week so I will keep you up to date. But up to now it's been 9 weeks
3 wage slips and p60
Accountants reference
Mortgage statement
Did they request anything else from you?
Thankyou
Just thought I would join forum.
Story so far.
DIP with kensington 02 May 2017
Found house offer accepted on 03 May 2017.
Full application with docs sent in through broker and paid £400 valuation fee on 25 May 2017.
Documents requested where 3 months personal statements,3 months business statements,mortgage statement with current mortgage balance,3 years SA302s (self employed),proof of deposit from sale of my current house,2 forms of ID.
They did ask to see docs I already sent the broker last Tuesday which where the proof of deposit from sale,which I think they already had,however it takes them a further 5-6 working days to look at the docs again.
So currently still waiting,getting hassle of Estate agent for valuation to be done.
I'll keep you all posted as to the outcome,good luck everyone!��