Kensington Mortgage application timescale

Amysmith21

Billy2611 said:

We are still waiting too, it’s been nearly 6 weeks as our valuation kept getting re-arranged . It is happening tomorrow so I am hoping next week we will have our offer !!!

Fingers crossed it all happens tomorrow as planned and your offer follows next week!

Arboy910

Hi everyone, been reading for a while but no account - made one just now to share my experience. Quite pleasant so far and awaiting an offer.
No credit blemishes - problem was only been trading for 12 months as a Limited Company, previously declined from Halifax for 'lack of experience' hence Kensington. 

- 15/5 Applied
- 21/5 Came back asking for an accountants reference & 'proof he was trading as a Sole Trader before going to a Limited Company', provided this the same day.
- 26/5 Accountant sent reference
- 28/5 Valuation booked for 3/6
- 4/6 Valuation received back & ticked

I assume we are now awaiting offer (unless they come back asking for something else), today is the 4th working day to assess as they advise so fingers crossed for an offer soon.

Amysmith21

Arboy910 said:

Hi everyone, been reading for a while but no account - made one just now to share my experience. Quite pleasant so far and awaiting an offer.
No credit blemishes - problem was only been trading for 12 months as a Limited Company, previously declined from Halifax for 'lack of experience' hence Kensington. 

- 15/5 Applied
- 21/5 Came back asking for an accountants reference & 'proof he was trading as a Sole Trader before going to a Limited Company', provided this the same day.
- 26/5 Accountant sent reference
- 28/5 Valuation booked for 3/6
- 4/6 Valuation received back & ticked

I assume we are now awaiting offer (unless they come back asking for something else), today is the 4th working day to assess as they advise so fingers crossed for an offer soon.

Hopefully if today is the 4th working day then you should hear from them pretty soon! Your process seems to have been quite smooth so far which is good. Hopefully they will have the offer over to you and not request any further documents from you 

Arboy910

Amysmith21 said:

Arboy910 said:

Hi everyone, been reading for a while but no account - made one just now to share my experience. Quite pleasant so far and awaiting an offer.
No credit blemishes - problem was only been trading for 12 months as a Limited Company, previously declined from Halifax for 'lack of experience' hence Kensington. 

- 15/5 Applied
- 21/5 Came back asking for an accountants reference & 'proof he was trading as a Sole Trader before going to a Limited Company', provided this the same day.
- 26/5 Accountant sent reference
- 28/5 Valuation booked for 3/6
- 4/6 Valuation received back & ticked

I assume we are now awaiting offer (unless they come back asking for something else), today is the 4th working day to assess as they advise so fingers crossed for an offer soon.

Hopefully if today is the 4th working day then you should hear from them pretty soon! Your process seems to have been quite smooth so far which is good. Hopefully they will have the offer over to you and not request any further documents from you 

Yes it has! Broker told me that because I don't have adverse credit, where a lot of Kensington applicants do - it 'should' have been a more straightforward process than it is for some, which so far it has been.
Just hoping for the offer soon & that they don't come back with any/too many more questions. Edging closer to June 30th for Stamp Duty and worried that too many '4 working day' setbacks may make it a close call. I hope you hear something soon too!

Amysmith21

Arboy910 said:

Amysmith21 said:

Arboy910 said:

Hi everyone, been reading for a while but no account - made one just now to share my experience. Quite pleasant so far and awaiting an offer.
No credit blemishes - problem was only been trading for 12 months as a Limited Company, previously declined from Halifax for 'lack of experience' hence Kensington. 

- 15/5 Applied
- 21/5 Came back asking for an accountants reference & 'proof he was trading as a Sole Trader before going to a Limited Company', provided this the same day.
- 26/5 Accountant sent reference
- 28/5 Valuation booked for 3/6
- 4/6 Valuation received back & ticked

I assume we are now awaiting offer (unless they come back asking for something else), today is the 4th working day to assess as they advise so fingers crossed for an offer soon.

Hopefully if today is the 4th working day then you should hear from them pretty soon! Your process seems to have been quite smooth so far which is good. Hopefully they will have the offer over to you and not request any further documents from you 

Yes it has! Broker told me that because I don't have adverse credit, where a lot of Kensington applicants do - it 'should' have been a more straightforward process than it is for some, which so far it has been.
Just hoping for the offer soon & that they don't come back with any/too many more questions. Edging closer to June 30th for Stamp Duty and worried that too many '4 working day' setbacks may make it a close call. I hope you hear something soon too!

Yeah the June deadline is the issue...we needed our offer to our solicitor by 14th June for our chain to make the deadline and doesn't look like that will happen now as it is next Monday and I am still waiting for the documents to be accepted for the valuation to be booked and done. Keep us updated on your progress and when you hear anything and fingers crossed making the deadline.  

Amysmith21

Finally!! 😁😁 We have just had an email from our MA that our valuation got instructed today and all documents have been approved so we are now subject to valuation being satisfactory 😁

EmzJenks

Amysmith21 said:

Finally!! 😁😁 We have just had an email from our MA that our valuation got instructed today and all documents have been approved so we are now subject to valuation being satisfactory 😁

Amazing! Congrats! We got a request for yet more payslips. Fourth round 😭

Amysmith21

EmzJenks said:

Amysmith21 said:

Finally!! 😁😁 We have just had an email from our MA that our valuation got instructed today and all documents have been approved so we are now subject to valuation being satisfactory 😁

Amazing! Congrats! We got a request for yet more payslips. Fourth round 😭

Oh no!! I really hope they don't need anything more after this for you....so now a waiting game till Monday/Tuesday? 

EmzJenks

@Amysmith21 Tues probably as I can't get them to my MA until tomorrow. Such a joke. Was hoping for good news, and then when it's more questions it's so disheartening. Ah well nowt can be done, back in the queue we go! 

Amysmith21

EmzJenks said:

@Amysmith21 Tues probably as I can't get them to my MA until tomorrow. Such a joke. Was hoping for good news, and then when it's more questions it's so disheartening. Ah well nowt can be done, back in the queue we go! 

Keeping everything crossed for you for next week!...