Kent reliance

SR100

Could someone please tell me if Kent Reliance have contacted your employer during your application to confirm your employment details? Or have bank statements, payslips, P60s been all they ask for? Thank you x

Loulou0404

Had the valuation done today. KR requested memorandum of sale which was sent over Monday. They haven’t asked for anything else. Is this usually the final stage? Hope you’re all hanging in there ok. 

Heskey09

We've hit the 3 week mark on Wednesday just gone. Hopefully hear something next week. Solicitor lead times are quite worrying though - 8-12 weeks seems the average but just hoping New Builds are less complicated. Keep sane everyone! 

dannik

Heskey09 said:

We've hit the 3 week mark on Wednesday just gone. Hopefully hear something next week. Solicitor lead times are quite worrying though - 8-12 weeks seems the average but just hoping New Builds are less complicated. Keep sane everyone! 

Hi 🙋🏼‍♀️ we were 3 weeks Tuesday not heard a peep this week, like you hoping for some good news next week. Also purchasing new build on shared ownership. Keeping everything crossed that next week is our week!! All the best

ruby16

Hi just wondering if you guys can help, does valuation mean offer is there pending valuation, the valuation is being carried out Wednesday. 

If so how long does the offer take after valuation also how often does it get to this stage and then KR decline offer? 

Thanks 

dannik

ruby16 said:

Hi just wondering if you guys can help, does valuation mean offer is there pending valuation, the valuation is being carried out Wednesday. 

If so how long does the offer take after valuation also how often does it get to this stage and then KR decline offer? 

Thanks 

Morning 😊 I think each application is unique tbh, we had our valuation carried out on 16th Oct, two weeks ago today, not had an offer yet, not heard anything this week from them. It will be 4 weeks on Tuesday since we submitted our application. Really hoping for some good. Red next week. Someone did say that they don’t usually do valuation unless happy I hope this is the case! All the best with your application x

happyday20

Hello everyone. After hearing the news with the new lockdown, we’re a little worried this may affect our mortgage offer? I just want to know if anyone else is worried too - and people’s opinions if they think mortgages will freeze while we go through another lockdown?

Heskey09

@happyday20 Hi, you're not alone with the worries. The last time this happened they stopped accepting new applications but those in process were ok. The other issue during the first lockdown was because physical valuations could not go ahead but this time, you are allowed to attend work if you cannot work from home. The biggest issue right now is whether house prices will tumble which will have the biggest impact. Fingers crossed

happyday20

Heskey09 said:

@happyday20 Hi, you're not alone with the worries. The last time this happened they stopped accepting new applications but those in process were ok. The other issue during the first lockdown was because physical valuations could not go ahead but this time, you are allowed to attend work if you cannot work from home. The biggest issue right now is whether house prices will tumble which will have the biggest impact. Fingers crossed

Thank you for replying. We’ve been worrying about this, but thank you for the reassurance. Our valuation was a physical one booked in for the 11th, so I’m hoping that would still go ahead (I’m sure the surveyor can access the property on his own) were just hoping this won’t affect us getting an offer. We’re so close to the finish line, I just hope this new lockdown doesn’t delay or stop anything. I may call our MB tomorrow for some advice and see where we stand! 🥺

Longshot101

Don't worry guys, I think it'll be absolutely fine.  Like mentioned above, new applications may be an issue now but the members of staff at KR were probably already working from home!  Same for solicitors...etc.