Kensington Mortgage application timescale

Creditfixer3021

We got the updated updated documents (intentional typo) sent today. 

Let’s see how long it takes now

Musa19

blogger201719 said:

blogger201719 said:

I am not convinced it will happen
Have 4 defaults more than 3 years old(still paying them off monthly)
£27000 deposit and using HTB
31.07.20- Only phone broker to make an enquiry as wanted to save more and he got a DIP with Kensington within an hour.
08.08.20- reserved new build, got 5% off
10.08.20- application submitted 
12.08.20- more documents requested
12.08.20- broker phoned with life/mortgage insurance quote

Now that's it

Valuation instructed today- not sure what that means whether good or bad don't know

I'd take it as a good sign. If they thought it wasn't affordable to you they wouldn't get to that stage. Try to get documents together ahead of the game as they do want to see everything in detail! Good luck x

Musa19

Creditfixer3021 said:

We got the updated updated documents (intentional typo) sent today. 

Let’s see how long it takes now

I think it's a 3 to 4 day turn around so maybe you'll have an offer by Thursday/Friday!!?? 

Creditfixer3021

Musa19 said:

Creditfixer3021 said:

We got the updated updated documents (intentional typo) sent today. 

Let’s see how long it takes now

I think it's a 3 to 4 day turn around so maybe you'll have an offer by Thursday/Friday!!?? 

Musa19 said:

Creditfixer3021 said:

We got the updated updated documents (intentional typo) sent today. 

Let’s see how long it takes now

I think it's a 3 to 4 day turn around so maybe you'll have an offer by Thursday/Friday!!?? 

I hope so. My broker asked if that was everything they required and there response was ‘we think that’s everything we need but we can’t confirm we don’t require any further details until the offer is made’

blogger201719

Musa19 said:

blogger201719 said:

blogger201719 said:

I am not convinced it will happen
Have 4 defaults more than 3 years old(still paying them off monthly)
£27000 deposit and using HTB
31.07.20- Only phone broker to make an enquiry as wanted to save more and he got a DIP with Kensington within an hour.
08.08.20- reserved new build, got 5% off
10.08.20- application submitted 
12.08.20- more documents requested
12.08.20- broker phoned with life/mortgage insurance quote

Now that's it

Valuation instructed today- not sure what that means whether good or bad don't know

I'd take it as a good sign. If they thought it wasn't affordable to you they wouldn't get to that stage. Try to get documents together ahead of the game as they do want to see everything in detail! Good luck x

I have send all requested documents

barber1892

Been reading the posts and thought I’d ask for some of your thoughts. 

27th July - Full application submitted 

7th August - Valuation carried out

13th August - Valuation accepted and proof of deposit requested along with proof of funds for 3x mortgage payments. Those were submitted on the 13th late on. 

How long before the offer is made do you think? Do you think it’s looking good for acceptance?

Thank you 

Musa19

barber1892 said:

Been reading the posts and thought I’d ask for some of your thoughts. 

27th July - Full application submitted 

7th August - Valuation carried out

13th August - Valuation accepted and proof of deposit requested along with proof of funds for 3x mortgage payments. Those were submitted on the 13th late on. 

How long before the offer is made do you think? Do you think it’s looking good for acceptance?

Thank you 

I had to send in quite a lot of documents and I guess it depends on people's applications on how straight forward it will be. I think the fact that you've had a valuation means you've passed affordability checks. Everything thereafter is credit checks, cross referencing and double checking. Good luck 🤞 

barber1892

Musa19 said:

barber1892 said:

Been reading the posts and thought I’d ask for some of your thoughts. 

27th July - Full application submitted 

7th August - Valuation carried out

13th August - Valuation accepted and proof of deposit requested along with proof of funds for 3x mortgage payments. Those were submitted on the 13th late on. 

How long before the offer is made do you think? Do you think it’s looking good for acceptance?

Thank you 

I had to send in quite a lot of documents and I guess it depends on people's applications on how straight forward it will be. I think the fact that you've had a valuation means you've passed affordability checks. Everything thereafter is credit checks, cross referencing and double checking. Good luck 🤞 

Yeh I’ve had the hard search done 2 weeks ago so hopefully not long now before an offer is made, will keep the timeline updated. 

Creditfixer3021

barber1892 said:

Musa19 said:

barber1892 said:

Been reading the posts and thought I’d ask for some of your thoughts. 

27th July - Full application submitted 

7th August - Valuation carried out

13th August - Valuation accepted and proof of deposit requested along with proof of funds for 3x mortgage payments. Those were submitted on the 13th late on. 

How long before the offer is made do you think? Do you think it’s looking good for acceptance?

Thank you 

I had to send in quite a lot of documents and I guess it depends on people's applications on how straight forward it will be. I think the fact that you've had a valuation means you've passed affordability checks. Everything thereafter is credit checks, cross referencing and double checking. Good luck 🤞 

Yeh I’ve had the hard search done 2 weeks ago so hopefully not long now before an offer is made, will keep the timeline updated. 

I had the same request around 2 weeks ago, they then asked for an updated pay slip for my wife, more information from my accountant and more bank statements for my business. Make sure you clarify exactly how they want the documents to be received, this is what’s causing my current delays

HollJade7

So after 10 long and gruelling weeks, we finally got our Offer yesterday! It almost makes all the waiting and stressing worth it! 

For anyone waiting a while, I sent them a message on Facebook yesterday morning just explaining how long we had waited and received an offer by 2.30pm the same day!