Kensington Mortgage application timescale

MrsYa8

Jbarghati7 said:

Once they have all documentation they need a valuation is instructed as soon as the valuation is completed you will have a offer shortly after

Our last lot of documents were sent a week ago and we still havnt had any update and MA isn’t replying to our emails. 

It really is a horrible waiting game! 

Tatters26

We had our valuation carried out on Monday 16th August. Our MA pestered them Weds 18th and we were told the valuation was fine. They asked for one more document to back up our address history and by Monday 23rd (this week) we had our offer, which arrived the day afterwards electronically to the MA and in the post to ourselves.

In my experience it's a little bit slow process until valuation, but once you hit that it means they're happy with the people applying and just need to vet the house. As our timeline above, once that's done it's very quick. 

MrsYa8

We have a valuation booked now. So pleased we are moving forward. Hopefully we can get an offer after this! 

Cal1983

Thought I would join in on the discussion as I came here looking for help. So glad to find others in the same boat! My purchase is simple as I'm buying from my landlord of 7 years and I just sold a house I wasn't living in so have a deposit. It's been a lengthy process for me as you will see! It feels like they are private investigators 

Here is my timeline
23rd July - application submitted to Kensington
28th July- first round of questions returned from underwriters mainly asking for more statements and landlord info
31st July- had to prove deposit as I had moved it to a savings account which required going into branch for copies of transactions. Rental agency returned reference
4th Aug- more questions re tenancy and my ex partner, where he lived was he entitled to deposit from sale etc. Also they queried a direct debit that looked unpaid which wasn't as it was an indemnity error had to clarify this
6th Aug- had to provide full address history for myself and ex partner where we lived and when even though he is nothing to do with old house or new house but was briefly named on my tenancy initially
12th aug - requested more proof of my mortgage payment history and questioned why I received a bank transfer from my ex (child maintenance). Full explanation of circumstances given how to got into debt etc 
20th Aug- requested proof that I had an agreed payment holiday during covid times (July 2020)
Requested to go ahead with valuation if this is last of questions
26th aug - valuation booked
28th Aug- valuation carried out

Awaiting next steps now! I've felt like giving up every day I've been so stressed never felt like this in my life. I still can't envision this happening for me but just have to keep my fingers crossed. 

Cal1983

MrsYa8 said:

We have a valuation booked now. So pleased we are moving forward. Hopefully we can get an offer after this! 

Good luck!

MrsYa8

Cal1983 said:

Thought I would join in on the discussion as I came here looking for help. So glad to find others in the same boat! My purchase is simple as I'm buying from my landlord of 7 years and I just sold a house I wasn't living in so have a deposit. It's been a lengthy process for me as you will see! It feels like they are private investigators 

Here is my timeline
23rd July - application submitted to Kensington
28th July- first round of questions returned from underwriters mainly asking for more statements and landlord info
31st July- had to prove deposit as I had moved it to a savings account which required going into branch for copies of transactions. Rental agency returned reference
4th Aug- more questions re tenancy and my ex partner, where he lived was he entitled to deposit from sale etc. Also they queried a direct debit that looked unpaid which wasn't as it was an indemnity error had to clarify this
6th Aug- had to provide full address history for myself and ex partner where we lived and when even though he is nothing to do with old house or new house but was briefly named on my tenancy initially
12th aug - requested more proof of my mortgage payment history and questioned why I received a bank transfer from my ex (child maintenance). Full explanation of circumstances given how to got into debt etc 
20th Aug- requested proof that I had an agreed payment holiday during covid times (July 2020)
Requested to go ahead with valuation if this is last of questions
26th aug - valuation booked
28th Aug- valuation carried out

Awaiting next steps now! I've felt like giving up every day I've been so stressed never felt like this in my life. I still can't envision this happening for me but just have to keep my fingers crossed. 

Good luck to you too!! We have our valuation tomorrow! Our MA says all our documents are signed off and all that is outstanding is the valuation! I just hope this is it now! It’s been a very long stressful process. 

kdickinson90

I have finally gotton my mortgage offer yesterday after 11 weeks and 3 days !! its a long process but you WILL get there in the end. and to be honest, a lot of that wasnt even Kensigntons fault it was the surveryor as they cancelled and resceduled our vaulation TWICE! 

Good luck every one 

MrsYa8

kdickinson90 said:

I have finally gotton my mortgage offer yesterday after 11 weeks and 3 days !! its a long process but you WILL get there in the end. and to be honest, a lot of that wasnt even Kensigntons fault it was the surveryor as they cancelled and resceduled our vaulation TWICE! 

Good luck every one 

Congratulations!! How long after the valuation did you get your mortgage offer?

Our MA told us that all the documents have been signed off and all that is awaiting is the valuation which was completed 2 days ago.
We are anxiously waiting now to hear back. 

Cal1983

MrsYa8 said:

kdickinson90 said:

I have finally gotton my mortgage offer yesterday after 11 weeks and 3 days !! its a long process but you WILL get there in the end. and to be honest, a lot of that wasnt even Kensigntons fault it was the surveryor as they cancelled and resceduled our vaulation TWICE! 

Good luck every one 

Congratulations!! How long after the valuation did you get your mortgage offer?

Our MA told us that all the documents have been signed off and all that is awaiting is the valuation which was completed 2 days ago.
We are anxiously waiting now to hear back. 

Exactly what I wanted to ask. My MA is chasing mine this afternoon really hoping I have an offer waiting I can't take much more 

kdickinson90

@MrsYa8
@Cal1983

Well to be honest our valuation was supposed to be booked today! So they must of gone early without us knowing and then issued the offer. with it been bank holiday too i assume it was maybe tuesday or last week but it cant of been long but i dont know 100% how long as we had no idea haha. im sure everything will be fine. good luck xx