Kensington Mortgage application timescale

Cal1983

My purchase price was above the home buyer report (Scotland) so that's what's been the issue. I'm just worried they decline 

emlou33

Cal1983 said:

My purchase price was above the home buyer report (Scotland) so that's what's been the issue. I'm just worried they decline 

Sorry to hear that!  I thought once an offer is made they would have been happy with the homebuyers report/valuation. 

I hope you find a solution asap

D4N2019

Just to update everyone on are situation 

3 weeks ago seller pulled out got really ill

we was 13 weeks in to the application 

2 weeks ago found another property got accepted MA advised us that a new application was needed with new bank statements etc 

they crossed reference are old applications and work references all other docs were OK 

but a new set of eyes ( new underwriter) asked 3 extra questions

but we will supply them today 

Also are MA advised us that the valuation is taking place does this mean there is a good chance of this finally being approved 

to be fair can’t fault Kensington they are doing the job obviously just soo slow 

Cal1983

I'm now ten weeks down the line 5 weeks form valuation and no further forward. Good luck!

D4N2019

Cal1983 said:

I'm now ten weeks down the line 5 weeks form valuation and no further forward. Good luck!

You had valuation ?

emlou33

Cal1983 said:

I'm now ten weeks down the line 5 weeks form valuation and no further forward. Good luck!

10 weeks! What do you think the delay is?
im 3 weeks and hoping the ordeal will be over with soon

MrsYa8

D4N2019 said:

Just to update everyone on are situation 

3 weeks ago seller pulled out got really ill

we was 13 weeks in to the application 

2 weeks ago found another property got accepted MA advised us that a new application was needed with new bank statements etc 

they crossed reference are old applications and work references all other docs were OK 

but a new set of eyes ( new underwriter) asked 3 extra questions

but we will supply them today 

Also are MA advised us that the valuation is taking place does this mean there is a good chance of this finally being approved 

to be fair can’t fault Kensington they are doing the job obviously just soo slow 

I think from reading back through this post it appears going to valuation is a good sign for Kensington. It certainly was the case for us. We  had our  offer posted within the week after valuation. Good luck. 

MrsYa8

Cal1983 said:

I'm now ten weeks down the line 5 weeks form valuation and no further forward. Good luck!

Has your MA not chased this at all? Seems an incredibly long time to sort this out! Maybe you could phone Kensington yourself and chase! The whole process for me was 6-7weeks. That was application to offer and a whole load of documents in between. Hope it gets sorted for you soon. 

D4N2019

Mine is only @ 10 weeks due to us needing to find another property we always had weekly updates from Kensington but required extra info each week 

Cal1983

I finally got my offer today after suggesting I would need to put complaint in