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Kensington Mortgage application timescale

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  • 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
    No19v87 Posts: 69 Forumite
    Second Anniversary 10 Posts Name Dropper
    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.
  • 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 
  • 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
    T1993x Posts: 18 Forumite
    10 Posts Name Dropper
    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
    T1993x Posts: 18 Forumite
    10 Posts Name Dropper
    @Fireballr56 have you recently applied? Trying to gauge timescales!
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