Kensington Mortgage application timescale

berkshirelass

vixelite said:

berkshirelass said:

vixelite said:

Our valuation is happening tomorrow, was quite suprised how quick it was organised to be fair.

That was quick - they instructed ours but we don't have a date yet.  Was yours a new build?  Ours is and its not built yet so I am hoping the valuation can be done on desk top so quicker!

Yes it's a new build, we have a roof, doors, windows and internal frames for the walls so far.  We thought it was going to be a desktop but a dates been given now so I'm assuming it's a visit? Who knows haha

Good luck!  Let us know how you get on as I think yours an my applications are at a simelar stage in the process

vixelite

berkshirelass said:

vixelite said:

berkshirelass said:

vixelite said:

Our valuation is happening tomorrow, was quite suprised how quick it was organised to be fair.

That was quick - they instructed ours but we don't have a date yet.  Was yours a new build?  Ours is and its not built yet so I am hoping the valuation can be done on desk top so quicker!

Yes it's a new build, we have a roof, doors, windows and internal frames for the walls so far.  We thought it was going to be a desktop but a dates been given now so I'm assuming it's a visit? Who knows haha

Good luck!  Let us know how you get on as I think yours an my applications are at a simelar stage in the process

Yes will do! Hopefully not much longer now for the both of us 

maryjoashley

vixelite said:

berkshirelass said:

vixelite said:

berkshirelass said:

vixelite said:

Our valuation is happening tomorrow, was quite suprised how quick it was organised to be fair.

That was quick - they instructed ours but we don't have a date yet.  Was yours a new build?  Ours is and its not built yet so I am hoping the valuation can be done on desk top so quicker!

Yes it's a new build, we have a roof, doors, windows and internal frames for the walls so far.  We thought it was going to be a desktop but a dates been given now so I'm assuming it's a visit? Who knows haha

Good luck!  Let us know how you get on as I think yours an my applications are at a simelar stage in the process

Yes will do! Hopefully not much longer now for the both of us 

You two are giving me hope

Hannah13409

I am no further forward haven’t had any contact from last week when we provided the furlough letter chased mortgage advisor again today as it’s been a week and he said they are far too overwhelmed with applications and are not committing to specific time commitments 

justme200194

Can anyone tell me what the interest rates are like with Kensington please? This may be our next option if Halifax decline our application which is currently at appeal however the rates look to be around 3x that of Halifax and would take our prospective mortgage to around £500 per month than with a high street lender. I’m hoping the rates aren’t as bad as what I’ve read though?! 

justme200194

justme200194 said:

Can anyone tell me what the interest rates are like with Kensington please? This may be our next option if Halifax decline our application which is currently at appeal however the rates look to be around 3x that of Halifax and would take our prospective mortgage to around £500 per month than with a high street lender. I’m hoping the rates aren’t as bad as what I’ve read though?! 

Sorry that meant to read £500 more per month 

vixelite

justme200194 said:

Can anyone tell me what the interest rates are like with Kensington please? This may be our next option if Halifax decline our application which is currently at appeal however the rates look to be around 3x that of Halifax and would take our prospective mortgage to around £500 per month than with a high street lender. I’m hoping the rates aren’t as bad as what I’ve read though?! 

https://www.kensingtonmortgages.co.uk/docs/default-source/product-guides/residential-product-guide.pdf?sfvrsn=1c11b992_106
You'll find all the rates on there, they do update so you have to keep an eye on it.

berkshirelass

Our valuation has been booked in for 20th.  Hopefully that's a big step forward.  did anyone get their valuation back yet?  Were there any more questions after that?

greendale

berkshirelass said:

Our valuation has been booked in for 20th.  Hopefully that's a big step forward.  did anyone get their valuation back yet?  Were there any more questions after that?

We’ve had ours on 13/7/20, nothing since. Asked broker how long is usual to wait for next contact. Told at least 2 weeks. Now waiting. Definitely aged 10 yrs during this whole process (we submitted full application on 03/07/20). It’s not new build either. 

vixelite

berkshirelass said:

Our valuation has been booked in for 20th.  Hopefully that's a big step forward.  did anyone get their valuation back yet?  Were there any more questions after that?

Our valuation was yesterday and we were told today that it was all okay.  Our broker said they are just waiting for my partners employer to confirm his salary because his July payslip was released early (the email from Kensington to his employer was sent today) and that should be it (fingers crossed)  I'll keep you all updated next week