Kensington Mortgage application timescale

Baller91

Hello, everyone,

I have been made redundant but have enough money to cover my family’s expenses for six months. We are close to exchanging contracts, and I have just received a mortgage offer. Does anyone know if Kensington requests payslips or bank statements for a final check during exchange or completion? 

No19v87

Baller91 said:

Hello, everyone,

I have been made redundant but have enough money to cover my family’s expenses for six months. We are close to exchanging contracts, and I have just received a mortgage offer. Does anyone know if Kensington requests payslips or bank statements for a final check during exchange or completion? 

I’m certainly no expert but I think you’re obligated to inform them of a change in circumstances as you have not yet completed.

flowergirls_2618

Was just wondering if anyone could share positive story of being accepted with bounced direct debits. 

Joint application husbands bank statements are perfect no concern, but I have 3 bounced direct debits. Our broker is confident he can still get us approved but feeling worried about it now we’re onto the official application. Thanks 

Fireballr56

flowergirls_2618 said:

Was just wondering if anyone could share positive story of being accepted with bounced direct debits. 

Joint application husbands bank statements are perfect no concern, but I have 3 bounced direct debits. Our broker is confident he can still get us approved but feeling worried about it now we’re onto the official application. Thanks 

Have you had any news? 

T1993x

flowergirls_2618 said:

Was just wondering if anyone could share positive story of being accepted with bounced direct debits. 

Joint application husbands bank statements are perfect no concern, but I have 3 bounced direct debits. Our broker is confident he can still get us approved but feeling worried about it now we’re onto the official application. Thanks 

Do you have an update @flowergirls_2618? Submitting my app tomorrow and feel nervous as a DD on 2nd Jan took me over my small OD limit for a couple hours until a standing order cleared. The direct debits didn’t bounce and I was back in the positive by 6am. Just the case that the payments coming out were before the payment coming in. Stressing!! 

T1993x

@Fireballr56 have you recently applied? Trying to gauge timescales!