Kensington Mortgage application timescale

Amysmith21

How is everyone getting on? Any updates from Kensington for anyone yet? We have got our valuation booked to be done today so thinking it will be a couple of days till we hear anything regarding that....

EmzJenks

Amysmith21 said:

How is everyone getting on? Any updates from Kensington for anyone yet? We have got our valuation booked to be done today so thinking it will be a couple of days till we hear anything regarding that....

No updates from me - sent my student loan bits to them Friday morning, so not expecting to hear until tomorrow really. Praying it'll be to final underwrite for us now as our valuation has already been done!

Amysmith21

EmzJenks said:

Amysmith21 said:

How is everyone getting on? Any updates from Kensington for anyone yet? We have got our valuation booked to be done today so thinking it will be a couple of days till we hear anything regarding that....

No updates from me - sent my student loan bits to them Friday morning, so not expecting to hear until tomorrow really. Praying it'll be to final underwrite for us now as our valuation has already been done!

Yeah that will be great if that is it for you now and you can finally get your offer over! I really hope they don't take too long with it all now! 

FTB991

Hello,

We had a bunch of document requests on 10/06 which we provided on 11/06. This included proof of address and deposit, P60, Student Loan balance and proof of pay on bank statements.

The valuation was paid/booked (and took place) on 17/06 and my MA confirmed they had spoken to Kensington yesterday and valued it at the same price we bought the flat at.

Therefore I was told by my MA that the dashboard shows a tick on both documents + valuation and now we are awaiting offer.

Any idea if we are still at risk of a rejection? or is it a formality?

I am so anxious and nervously awaiting. I was rejected from all lenders apart from Kensington!

Thanks

FTB

EmzJenks

FTB991 said:

Hello,

We had a bunch of document requests on 10/06 which we provided on 11/06. This included proof of address and deposit, P60, Student Loan balance and proof of pay on bank statements.

The valuation was paid/booked (and took place) on 17/06 and my MA confirmed they had spoken to Kensington yesterday and valued it at the same price we bought the flat at.

Therefore I was told by my MA that the dashboard shows a tick on both documents + valuation and now we are awaiting offer.

Any idea if we are still at risk of a rejection? or is it a formality?

I am so anxious and nervously awaiting. I was rejected from all lenders apart from Kensington!

Thanks

FTB

I would say you're pretty safe now. I believe to get the offer a senior underwriter goes over everything again to make sure they're happy, but I've not heard of anyone getting rejected at this stage. Fingers crossed you get your offer soon!

Amysmith21

FTB991 said:

Hello,

We had a bunch of document requests on 10/06 which we provided on 11/06. This included proof of address and deposit, P60, Student Loan balance and proof of pay on bank statements.

The valuation was paid/booked (and took place) on 17/06 and my MA confirmed they had spoken to Kensington yesterday and valued it at the same price we bought the flat at.

Therefore I was told by my MA that the dashboard shows a tick on both documents + valuation and now we are awaiting offer.

Any idea if we are still at risk of a rejection? or is it a formality?

I am so anxious and nervously awaiting. I was rejected from all lenders apart from Kensington!

Thanks

FTB

I would agree with EmzJenks that you should be pretty safe now I would think...fingers crossed you hear soon so you can stop feeling nervous and anxious!

kdickinson90

Hi, im new to all of this! me and my husband are FTB with less than good credit to say the least with outstanding old CCJs and a few missed payments. 
Full Application went in on 14.06.2021 and we are still yet to hear ANYTHING! at all. i understood this process was going to take a few months but i thought they would of asked for some form of documentation by now. is this normal?? 

Thanks. 

Amysmith21

kdickinson90 said:

Hi, im new to all of this! me and my husband are FTB with less than good credit to say the least with outstanding old CCJs and a few missed payments. 
Full Application went in on 14.06.2021 and we are still yet to hear ANYTHING! at all. i understood this process was going to take a few months but i thought they would of asked for some form of documentation by now. is this normal?? 

Thanks. 

Hi, I would have said if it was submitted on the 14/06 and they were needing some more additional documents off of you then you would have heard something end of last week. I believe they were a couple of weeks ago working on a 4 working day reviewing turnaround. Have you submitted through a MA? Could you ask them for a update? Have they said anything to you about the valuation being booked in?

EmzJenks

kdickinson90 said:

Hi, im new to all of this! me and my husband are FTB with less than good credit to say the least with outstanding old CCJs and a few missed payments. 
Full Application went in on 14.06.2021 and we are still yet to hear ANYTHING! at all. i understood this process was going to take a few months but i thought they would of asked for some form of documentation by now. is this normal?? 

Thanks. 

I would've thought you would've heard something about docs by now if required - ask your MA what the status is on the online hub thing they use

KtStu77

We had our valuation done in April. We are still waiting for the offer but the broker keeps telling us 48 hours and this has been for the last month. Last we heard 2 weeks ago , it’s good to go after proving we had 3 months payments available so wouldn’t ask for a payment holiday . There’s no search by Kensington showing on my credit file either. This has been such a long process and I can’t speak to Kensington directly but have to go through my broker and I think even he’s getting fed up now !  Where is the light at the end of the tunnel ?