Kensington Mortgage application timescale

Neiljment

Hi All, 

we had our valuation on 11 of January and they have requested for this month and last month bank statement and saving statement. It feels like it’s never ending. 

Also I’ve seen people getting asked for employer reference, my mortgage adviser never mentioned this to me. Is it only required if you haven’t been on a job long enough? 

danielleb91

Neiljment said:

Hi All, 

we had our valuation on 11 of January and they have requested for this month and last month bank statement and saving statement. It feels like it’s never ending. 

Also I’ve seen people getting asked for employer reference, my mortgage adviser never mentioned this to me. Is it only required if you haven’t been on a job long enough? 

Me and my partner both had to do a reference even though he has been in his job for 6/7 years. Apparently it’s something new that Kensington do with all applicants now. It does feel like it’s never ending! 

We had our valuation on 20 December 🤦🏼‍♀️ 

Our broker is hoping we will finally get our offer this week after 9 weeks of application. 🤞🏼

We had to submit more payslips end of last week due to the application being so long we had 2 more since the beginning. 

Happydays127

We had been in the same jobs for 10 and 6 years and wasn’t asked for an employer reference.

SophMa1

Mortgage application submitted on Friday and Valuation instructed today!! 
I think having a fantastic mortgage advisor who is on the ball has helped massively. 
But from reading some posts we may still be a long way from a mortgage offer..... the suspense. 

Neiljment

SophMa1 said:

Mortgage application submitted on Friday and Valuation instructed today!! 
I think having a fantastic mortgage advisor who is on the ball has helped massively. 
But from reading some posts we may still be a long way from a mortgage offer..... the suspense. 

I had a similar experience, they’ve instructed the the valuation 3 days after full application then they cancelled and requested more documents then they rescheduled the valuation. Not sure why they cancelled they didn’t really explain it to my mortgage advisor. 

SophMa1

Neiljment said:

SophMa1 said:

Mortgage application submitted on Friday and Valuation instructed today!! 
I think having a fantastic mortgage advisor who is on the ball has helped massively. 
But from reading some posts we may still be a long way from a mortgage offer..... the suspense. 

I had a similar experience, they’ve instructed the the valuation 3 days after full application then they cancelled and requested more documents then they rescheduled the valuation. Not sure why they cancelled they didn’t really explain it to my mortgage advisor. 

ahh i see. When was your application submitted and when is the valuation booked for? 

Neiljment

SophMa1 said:

Neiljment said:

SophMa1 said:

Mortgage application submitted on Friday and Valuation instructed today!! 
I think having a fantastic mortgage advisor who is on the ball has helped massively. 
But from reading some posts we may still be a long way from a mortgage offer..... the suspense. 

I had a similar experience, they’ve instructed the the valuation 3 days after full application then they cancelled and requested more documents then they rescheduled the valuation. Not sure why they cancelled they didn’t really explain it to my mortgage advisor. 

ahh i see. When was your application submitted and when is the valuation booked for? 

I had my DIP on the 6th of December and full application on 7th of December. They did a credit search dating the 8th of December (equifax) then I’ve received a missed call on Saturday the 11th from Cornell’s to arrange the survey. I phoned the  next day to arrange the valuation for the 22nd of December. Cancelled a week later and asked for more docs. Then by that time it was the Christmas breaks. Got a call on 5th of Jan for valuation and booked it for the 11th, valuation went well. Then they’ve ask for December bank statement and payslip. I hope it’s the last of it. It’s never ending ha 

danielleb91

Now going into 10 weeks since we put in our application... I believe we are on the cusp of receiving an offer.
It is £600 less than what we needed due to affordability and they still need to check proof of deposit (which they have had all along).

It does feel like Kensington like to drag the whole process out and assess things bit by bit, week by week, rather than as a whole case. 
We sent in proof of deposit last weekend so they have had this all week. We get to offer stage and then they say...oh we just need to check proof of deposit. It really does blow my mind!

However, I am trying to stay positive for our offer (finally) after 10 long weeks of waiting. 

SophMa1

danielleb91 said:

Now going into 10 weeks since we put in our application... I believe we are on the cusp of receiving an offer.
It is £600 less than what we needed due to affordability and they still need to check proof of deposit (which they have had all along).

It does feel like Kensington like to drag the whole process out and assess things bit by bit, week by week, rather than as a whole case. 
We sent in proof of deposit last weekend so they have had this all week. We get to offer stage and then they say...oh we just need to check proof of deposit. It really does blow my mind!

However, I am trying to stay positive for our offer (finally) after 10 long weeks of waiting. 

Wow 10 weeks.... i was expecting 5/6 weeks but i think i will go grey if its a 10 week wait. 
I hope you get good news soon. i sent proof of deposit on Monday

Lisja1979

Newbie here! We did full application on 31/1/22. Valuation instructed on 3/2/22. Had a few additional queries since. Sent landlord’s details for reference. Just waiting to hear anything further now. All docs submitted (I hope) but not heard if valuation has been booked or anything. We are buying a new build. Have been following everyone’s progress 😁