Kensington Mortgage application timescale

antony9249

Hi all, thought I would just update everyone with my experience with Kensington
1. Full application submitted on the 9/ 9/21
2. More docs 15/9/21
3.more docs 21/9/21
4. Survey done 29/9/21
5. Offer received 21/10/21
They are very frustrating in the way that they operate like asking single questions at a time but like a lot of people on here they do get there in the end so fingers crossed for everyone waiting

2006eyo

What happens  between ‘survey done and offer received.’ In that 3 weeks. Is that mainly solicitor stuff 

antony9249

2006eyo said:

What happens  between ‘survey done and offer received.’ In that 3 weeks. Is that mainly solicitor stuff 

No i only instructed my solicitor after I receive my offer, it took kensington  3 weeks from survey just to do thier paperwork and issue  the offer

2006eyo

Oh yeah.  I am only at very start   I had the hard search by Kensington on 19/10 and apparently with underwriters now  so fingers crossed they I start asking me for random docs soon enough or even better start surveys/valuation in the next week or 2.   

I could start the conveyancing my side as the company said I can pay £400 deposit and if house falls through for any reason can claim  it back.  But all seems a bit pushy so have decided time wait until full offer from Kensington.  Although wouldn’t mind saving a couple of weeks off duration of sale. Ma advised me don’t rush n don’t pay anythin until full offer so following his advice   

I would ideally love to be in January although  (we have  no chain), but  think it could be a bit optimistic  

Leesabee1

Just wanted to share my timeline with Kensington
The full application was submitted on 9th September and I got my offer on 21st October! They did the hard search on my credit file right at the beginning and so as there was no issue with that, it made everything feel agonisingly slow. They ask a lot of questions and not at the same time! It’s frustratingly slow but I got there in the end.

Toasterinbath

I’ve been sent an email with an invoice in for my mortgage broker but I haven’t heard anything from them in weeks ,no acceptance or rejection,is this normal? I’ve emailed and asked the question but nothing back yet.

cheers people.

Toasterinbath

Toasterinbath said:

I’ve been sent an email with an invoice in for my mortgage broker but I haven’t heard anything from them in weeks ,no acceptance or rejection,is this normal? I’ve emailed and asked the question but nothing back yet.

cheers people.

So we his has been resolved they accidentally sent the invoice before they sent the mortgage offer which came in today.

application went in on 29th sept then offer received today 27th Oct ,not a bad turnaround at all.fricking buzzing.

D4N2019

We finally got a offer this week can any one confirm What they mean by this 

porting 

you do not have the right to transfer the loan to another lender

does that mean we can’t re mortgage ?

Leesabee1

D4N2019 said:

We finally got a offer this week can any one confirm What they mean by this 

porting 

you do not have the right to transfer the loan to another lender

does that mean we can’t re mortgage ?

No, it means that if you wanted to buy another property and transfer the mortgage they don’t allow it

2006eyo

2006eyo said:

Oh yeah.  I am only at very start   I had the hard search by Kensington on 19/10 and apparently with underwriters now  so fingers crossed they I start asking me for random docs soon enough or even better start surveys/valuation in the next week or 2.   

I could start the conveyancing my side as the company said I can pay £400 deposit and if house falls through for any reason can claim  it back.  But all seems a bit pushy so have decided time wait until full offer from Kensington.  Although wouldn’t mind saving a couple of weeks off duration of sale. Ma advised me don’t rush n don’t pay anythin until full offer so following his advice   

I would ideally love to be in January although  (we have  no chain), but  think it could be a bit optimistic  

I have been advised that Kensington have instructed a valuer today to visit the property which I understand is a very good sign.   Although Kensington have yet to ask for any more info/docs is this weird to do things this way around I mean is their ever times they don’t ask endless questions ?