Kensington Mortgage application timescale

MrsYa8

Cal1983 said:

Got my offer! 

Congratulations. I’m so glad you havnt had to wait any longer!  Have you received the posted offer? 

Cal1983

MrsYa8 said:

Cal1983 said:

Got my offer! 

Congratulations. I’m so glad you havnt had to wait any longer!  Have you received the posted offer? 

Not yet you?

antony9249

Hi can someone help just submitted my application with Kensington and would just like to know other documentation people have been asked for and do they question every transactions on your bank statements or just large ones

Singalong123

Hi Cali. Congrats on your offer! How recent were your defaults?

MrsYa8

Hi @antony9249. Good luck with your application.

I have recently had an offer issued. It is a lengthy process and took us around 6 - 7 weeks from application to offer. 

The documents we had to send, 3 months of pay slips, p60, SA302 and tax year over view for two years profits along with 3 months of buisness bank statements from my husbands buisness, proof of gifted deposit, 3 months of bank statements, I had to send evidence of payments of DMP. I had set up when my husband and I separated for a short period. This what lead me to default my accounts. I then had to write a supporting statement explaining why I entered in to a DMP. They then asked for evidence of funds to pay off a small finance we had, it had already been settled so no problems. The last thing they asked for was proof of address. 

Bear in mind they don’t ask for the documents at the same time. They will request a couple, review and then request more. This is what takes the time. 

emlou33

Hello, just following on from my previous post. My broker messaged me today to say Kensington called him to let him know they have instructed the valuation today.

In anyone’s experience here.. is that a good sign for things going well? 

Cal1983

emlou33 said:

Hello, just following on from my previous post. My broker messaged me today to say Kensington called him to let him know they have instructed the valuation today.

In anyone’s experience here.. is that a good sign for things going well? 

It seems to be based on our experiences the last couple weeks. 

Cal1983

So two weeks ago I got my offer but unfortunately purchase price was incorrect and i went back to the end of the queue. Its been another two weeks and still no further forward I'm so fed up of Kensington it's actual hell 

MrsYa8

Cal1983 said:

So two weeks ago I got my offer but unfortunately purchase price was incorrect and i went back to the end of the queue. Its been another two weeks and still no further forward I'm so fed up of Kensington it's actual hell 

Oh no!! I can’t believe it’s taking so long. Have you spoken to your mortgage broker to find out what is causing the long delay. I hope it all gets sorted very soon for you. 

emlou33

Cal1983 said:

So two weeks ago I got my offer but unfortunately purchase price was incorrect and i went back to the end of the queue. Its been another two weeks and still no further forward I'm so fed up of Kensington it's actual hell 

Oh no. So such a data Input error? I’m no further with mine.. Val done but a number of questions around my income