Kent reliance

Tatters26

I got a mortgage from Kent Reliance two weeks ago and there were no further checks after offer. Offer made in October, exchanged and completed mid December, well before the offer expiry a few weeks later.

Wannabehousebuyer

Tatters26 said:

I got a mortgage from Kent Reliance two weeks ago and there were no further checks after offer. Offer made in October, exchanged and completed mid December, well before the offer expiry a few weeks later.

Oh that’s so interesting- did you see the other credit checks on your clear score at application? 

Danielhix90

Wannabehousebuyer said:

Hey guys, 

hope you can help- been reading through this thread for like 4 hours reading all your stories. 

I have MO with KR. Yay! BUT, I went over CC limit over Xmas 🤦🏼‍♀️ However, that credit card doesn’t show on equifax (clear score) but it is showing on Experian etc. 

but, does anyone know if KR do another credit check after offer- ie before exchange , after exchange . Just worried about losing my deposit if it’s post exchange. My brain is telling me it’s okay as it’s not on my equifax file. But the anxiety of losing a £20k deposit is real! 

Thank you so much in advance guys 

Hi, I've read that they can do credit checks after a mortgage offer. We got an offer back in october and the house isnt due to be ready until March ,  offer expires April, so concerned that they will change their mind.

In terms of going over your limit, as long as this was corrected sharpish, it might not even show on your file. I don't think anyone will know if it will effect your offer, I'd like to say probably not, Kent are quite leneant. My statements were terrible in so many ways, and they didnt even ask me any questions. I didnt think id get a mortgage at all.

I think you will be fine, if you havent correct it, then just do so asap.

good luck

lc2022

I have submitted my application via a broker, kent reliance took the fees for valuation on the same day, would you say that’s good? Or is that general practice 

Tatters26

lc2022 said:

I have submitted my application via a broker, kent reliance took the fees for valuation on the same day, would you say that’s good? Or is that general practice 

General practice 

lc2022

Hi All
so I went for the SO mortgage on my own because my partner is self employed, and hasn’t earnt enough over the last two years. 

They have seen he has put money in our savings, and know he will be living there & have now asked to see his tax returns, which he didn’t earn anything last year, he is now but only has invoices & transactions in the bank showing this.

do you think this could affect whether they say yes or no? 

I’m so anxious. My mortgage broker has asked them to hold off on the valuation until they have checked all our stuff to prevent us loossing the fee if they say no.

SuseOrm

Ive just changed jobs,  does anyone know how many pay slips KR require please ? 

Thank you 

lc2022

SuseOrm said:

Ive just changed jobs,  does anyone know how many pay slips KR require please ? 

Thank you 

Hey, I needed 3 months! But if you have a contract they might use that instead? 

I’m still waiting to hear back on mine

90love

I’m so happy I found this thread!

I have read all 112 pages and congratulations to everyone that has secured their mortgage even after some long waits.

I put my application in on 13/01/2022 after they requested a current bank statement.
Valuation requested but no date yet. My property is still being built so I’m not sure how it works with that.

ive been on a mortgage hunt for a few weeks now after initially going with Kensington but their borrowing amount was too low for what I needed. Need £118k they were offering just under £70k. My salary is £40k with about £8k in bank work pa (I am a nurse)

I have some adverse credit (2 settled defaults 2017&2018) 2 late payments from PayPal credit I didn’t realise I had taken quickly resolved. Nothing else.

I have been told turn around time is 3 days. But going through this thread I think my broker has high hopes for a quick offer.

I’m going for a shared ownership property which I have reserved and I have been told exchange is early Feb! 

I haven’t instructed solicitors because things have looked so dim during this process, broker made a lot of promises and basically said nothing to worry about everything will be easy and straight forward, go for it!

not as easy as said!

lc2022

90love said:

I’m so happy I found this thread!

I have read all 112 pages and congratulations to everyone that has secured their mortgage even after some long waits.

I put my application in on 13/01/2022 after they requested a current bank statement.
Valuation requested but no date yet. My property is still being built so I’m not sure how it works with that.

ive been on a mortgage hunt for a few weeks now after initially going with Kensington but their borrowing amount was too low for what I needed. Need £118k they were offering just under £70k. My salary is £40k with about £8k in bank work pa (I am a nurse)

I have some adverse credit (2 settled defaults 2017&2018) 2 late payments from PayPal credit I didn’t realise I had taken quickly resolved. Nothing else.

I have been told turn around time is 3 days. But going through this thread I think my broker has high hopes for a quick offer.

I’m going for a shared ownership property which I have reserved and I have been told exchange is early Feb! 

I haven’t instructed solicitors because things have looked so dim during this process, broker made a lot of promises and basically said nothing to worry about everything will be easy and straight forward, go for it!

not as easy as said!

That’s annoying, have you paid your broker? You could use another. My broker has been great, he put the valuation on hold until they reviewed my stuff so they didn’t waste our money if they weren’t going to approve us. Just had confirmation they are happy so valuation will now take place. 

It is a long process, I applied for the property beginning of December, got everything back from housing & the mortgage was applied for beginning of January. It’s the most stressful thing ever, but it’s finally looking up. Hopefully the same with you, if you want to try another mortgage broker I’m happy to provide details of ours 🥳