Kensington Mortgage application timescale

Weeboots

Elwyn said:

So turns out all my worrying over the recent negative reviews of Kensington were unfounded. 

Application went in 4th of Feb. Requests for further documents on the 8th and the 12th, nothing unexpected. Then all went silent.

Broker phones today to say we have an offer! Exactly 3 weeks since submitting application.

Now onto worrying about solicitors taking a long time...

I’m literally two weeks behind you and this has made me feel less stressed ! Lol so thank you ! 

I’m sure you are delighted with ur offer & good luck with the move ! 

Hopefully in 2/3 weeks I’ll be in the same boat 😃

robfranklin

Hi all, long time lurker here.

just curious around the stages and order in which Kensington do things in and would appreciate a bit of advice. 

Getting a remortgage with Kensington to consolidate debt, had initial DIP approved on 3rd of March, then full application submitted 8th and then follow up documents requested on the 12th.

Now have a valuation booked in for Monday 22nd. Can I check if this means I passed underwriting (with exception of valuation). Seems very quick considering what everyone on here has been saying!

thanks all.

Weeboots

We have just had our offer . . Just shy of 5 weeks with a IT error but yay !!! Offer officially received 😊

Weeboots

robfranklin said:

Hi all, long time lurker here.

just curious around the stages and order in which Kensington do things in and would appreciate a bit of advice. 

Getting a remortgage with Kensington to consolidate debt, had initial DIP approved on 3rd of March, then full application submitted 8th and then follow up documents requested on the 12th.

Now have a valuation booked in for Monday 22nd. Can I check if this means I passed underwriting (with exception of valuation). Seems very quick considering what everyone on here has been saying!

thanks all.

We applied 15th Feb and our offer came through today 😊 
good luck 

robfranklin

Weeboots said:

robfranklin said:

Hi all, long time lurker here.

just curious around the stages and order in which Kensington do things in and would appreciate a bit of advice. 

Getting a remortgage with Kensington to consolidate debt, had initial DIP approved on 3rd of March, then full application submitted 8th and then follow up documents requested on the 12th.

Now have a valuation booked in for Monday 22nd. Can I check if this means I passed underwriting (with exception of valuation). Seems very quick considering what everyone on here has been saying!

thanks all.

We applied 15th Feb and our offer came through today 😊 
good luck 

That’s amazing! Bet you’re chuffed did you have a free valuation out of interest or paid for? Just find out with mine that the valuation is now delayed till Thursday as the surveyor got lost! Argh!

LGR2210

Hi All, would really appreciate some help .We have had our AIP a couple of weeks ago for a new build using H2B. My credit history is adverse to say the least but my partners is 999 perfect. We have the AIP and submitted the formal application last Monday (15th March). 

Kensington instantly came back asking for 
-p60's
-proof of 3 months mortgage payments 
-gift deposit letter too
-wet signature declaration
-employer reference for me

Which we have provided all of the above. I have only been in my new job for 12 weeks too and received 2 months payslips (soon to be 3 end of the week) so this is a worry. We are really worried as we have now got to start paying for optional extras (non-refundable) to the property company or we may miss the first fixing deadline. Our mortgage advisor just keeps saying that there will be no problem at all but has anyone else been through this?

Thank you all so much
Luca

Weeboots

robfranklin said:

Weeboots said:

robfranklin said:

Hi all, long time lurker here.

just curious around the stages and order in which Kensington do things in and would appreciate a bit of advice. 

Getting a remortgage with Kensington to consolidate debt, had initial DIP approved on 3rd of March, then full application submitted 8th and then follow up documents requested on the 12th.

Now have a valuation booked in for Monday 22nd. Can I check if this means I passed underwriting (with exception of valuation). Seems very quick considering what everyone on here has been saying!

thanks all.

We applied 15th Feb and our offer came through today 😊 
good luck 

That’s amazing! Bet you’re chuffed did you have a free valuation out of interest or paid for? Just find out with mine that the valuation is now delayed till Thursday as the surveyor got lost! Argh!

Hi yes we are chuffed 😃 the valuation was free and was about 10 days after we got our offer & we did have an it issues at Kensington end which they were actually great at sorting ! Good luck 

Weeboots

LGR2210 said:

Hi All, would really appreciate some help .We have had our AIP a couple of weeks ago for a new build using H2B. My credit history is adverse to say the least but my partners is 999 perfect. We have the AIP and submitted the formal application last Monday (15th March). 

Kensington instantly came back asking for 
-p60's
-proof of 3 months mortgage payments 
-gift deposit letter too
-wet signature declaration
-employer reference for me

Which we have provided all of the above. I have only been in my new job for 12 weeks too and received 2 months payslips (soon to be 3 end of the week) so this is a worry. We are really worried as we have now got to start paying for optional extras (non-refundable) to the property company or we may miss the first fixing deadline. Our mortgage advisor just keeps saying that there will be no problem at all but has anyone else been through this?

Thank you all so much
Luca

LGR2210 said:

Hi All, would really appreciate some help .We have had our AIP a couple of weeks ago for a new build using H2B. My credit history is adverse to say the least but my partners is 999 perfect. We have the AIP and submitted the formal application last Monday (15th March). 

Kensington instantly came back asking for 
-p60's
-proof of 3 months mortgage payments 
-gift deposit letter too
-wet signature declaration
-employer reference for me

Which we have provided all of the above. I have only been in my new job for 12 weeks too and received 2 months payslips (soon to be 3 end of the week) so this is a worry. We are really worried as we have now got to start paying for optional extras (non-refundable) to the property company or we may miss the first fixing deadline. Our mortgage advisor just keeps saying that there will be no problem at all but has anyone else been through this?

Thank you all so much
Luca

Hi 
we were asked for all of this & we have both starred new jobs 
me less than a year and my partner just 3 months at applying 

it’s hard not to stress, but Kensington were great with us about 5 weeks they may have stress our MA more lol 

good luck 

_AandL_

Any self employed in people had success with Kensington in the last couple of months? 

colink24

Has anyone got anymore details or information on the gifted deposit? My brother has agreed to gift me £40k, but he will not be a homeowner when the funds come through, as they will be as a result of his property being sold. 

My wifes parents have agreed to lend us the money temporarily, but want it repaid via my brothers gift. I dont see an issue here except what questions might be asked by my brothers bank (sending £40k) and my in law's bank (receiving £40k). Also, would Kensington asked any questions about this? I guess if the transfer is made after proof of deposit has been sent, this wont be an issue.

Thanks in advance...we already have an AIP.