Kent reliance

rachlikeswinter

aleeek said:

rachlikeswinter said:

I second aleeek. Get every single document over to them at the outset, even if you think it's overkill. Very strange you were advised to give notice - I was advised not to until I have a completion date because so many things can go wrong, especially at the moment with lead times being so long. I don't want to worry you but I would speak to your landlord ASAP and get an extension. I would say it's very unlikely you'll be done by the end of this month. Even if you get your mortgage offer really quickly, the developer/solicitor can be slow. I'm buying SO, brand new, it's finished and sitting empty as we speak, and I'm not expecting to be in before Christmas if I'm honest.

Just to give you an outline, here is my timeline with KR so far:

DIP received 25.9

Full application made 8.10

MoS received/affordability passed with Developer 8.10

Instructed Solicitors 8.10

Searches Began 16.10

Further documents & Accountants email requested from KR - 19.10

New MoS submitted 21.10 (Developer messed first one up)

Accountant sent income projection certificate to KR, other docs confirmed as received - 30.10

Valuation booked for 6.11

Valuation Received & OK - went into underwriter queue 9.11

Not had searches back yet. So you are ahead of the game in that respect.

Good luck!

It looks like your valuation was returned and ok'd in 3 days? 

Less than that - pretty much 24 hours when you factor in the weekend. Worth noting though that my broker said the document checkers don't have the mandate to sign off the valuation - that's why it's in the queue for the underwriter. So it was received and Ok'd as a document but not 'signed off'. 

Searches are weird, some people get them so quick and others take ages - surely if there's a brand new development and 100 people are buying flats, once one search is done all the others should be exactly the same? Such an opaque process.

aleeek

rachlikeswinter said:

aleeek said:

rachlikeswinter said:

I second aleeek. Get every single document over to them at the outset, even if you think it's overkill. Very strange you were advised to give notice - I was advised not to until I have a completion date because so many things can go wrong, especially at the moment with lead times being so long. I don't want to worry you but I would speak to your landlord ASAP and get an extension. I would say it's very unlikely you'll be done by the end of this month. Even if you get your mortgage offer really quickly, the developer/solicitor can be slow. I'm buying SO, brand new, it's finished and sitting empty as we speak, and I'm not expecting to be in before Christmas if I'm honest.

Just to give you an outline, here is my timeline with KR so far:

DIP received 25.9

Full application made 8.10

MoS received/affordability passed with Developer 8.10

Instructed Solicitors 8.10

Searches Began 16.10

Further documents & Accountants email requested from KR - 19.10

New MoS submitted 21.10 (Developer messed first one up)

Accountant sent income projection certificate to KR, other docs confirmed as received - 30.10

Valuation booked for 6.11

Valuation Received & OK - went into underwriter queue 9.11

Not had searches back yet. So you are ahead of the game in that respect.

Good luck!

It looks like your valuation was returned and ok'd in 3 days? 

Less than that - pretty much 24 hours when you factor in the weekend. Worth noting though that my broker said the document checkers don't have the mandate to sign off the valuation - that's why it's in the queue for the underwriter. So it was received and Ok'd as a document but not 'signed off'. 

Searches are weird, some people get them so quick and others take ages - surely if there's a brand new development and 100 people are buying flats, once one search is done all the others should be exactly the same? Such an opaque process.

Is yours a new build? I feel like our searches are talking a while as we're one of the first to buy on the development, the other houses aren't yet finished. 

rachlikeswinter

aleeek said:

rachlikeswinter said:

aleeek said:

rachlikeswinter said:

I second aleeek. Get every single document over to them at the outset, even if you think it's overkill. Very strange you were advised to give notice - I was advised not to until I have a completion date because so many things can go wrong, especially at the moment with lead times being so long. I don't want to worry you but I would speak to your landlord ASAP and get an extension. I would say it's very unlikely you'll be done by the end of this month. Even if you get your mortgage offer really quickly, the developer/solicitor can be slow. I'm buying SO, brand new, it's finished and sitting empty as we speak, and I'm not expecting to be in before Christmas if I'm honest.

Just to give you an outline, here is my timeline with KR so far:

DIP received 25.9

Full application made 8.10

MoS received/affordability passed with Developer 8.10

Instructed Solicitors 8.10

Searches Began 16.10

Further documents & Accountants email requested from KR - 19.10

New MoS submitted 21.10 (Developer messed first one up)

Accountant sent income projection certificate to KR, other docs confirmed as received - 30.10

Valuation booked for 6.11

Valuation Received & OK - went into underwriter queue 9.11

Not had searches back yet. So you are ahead of the game in that respect.

Good luck!

It looks like your valuation was returned and ok'd in 3 days? 

Less than that - pretty much 24 hours when you factor in the weekend. Worth noting though that my broker said the document checkers don't have the mandate to sign off the valuation - that's why it's in the queue for the underwriter. So it was received and Ok'd as a document but not 'signed off'. 

Searches are weird, some people get them so quick and others take ages - surely if there's a brand new development and 100 people are buying flats, once one search is done all the others should be exactly the same? Such an opaque process.

Is yours a new build? I feel like our searches are talking a while as we're one of the first to buy on the development, the other houses aren't yet finished. 

It’s a brand new development but people started moving in in July - the plot I’m buying is one of only 6 or so left in the whole place. Which is why it baffles me that my searches aren’t much quicker than this. Surely the same thing has been done for everyone already living in there. But I literally have no idea what the process entails so not much to do but wait!

Monik2510a

MSN2220 said:

We had an update today. They asked for evidence of a store card being cleared and closed and also asked for the gift deposit form. 

Our timeline has been a long one! 

15th Sept Application sent with deceleration form  to Leeds 

16th Sept Soft Credit Check 

17th Sept Gift Deposit Form sent

23rd Sept Valuation Appt

24th Sept valuation report and docs with underwriters

08th Oct Leeds declined. Applied with Kent Relliance 

08th Oct. Kent hard search 

12th Oct. application docs to solicitor 

15th Oct. solicitor said they received contract from HA 

19th Oct. KR Asked for 3 months bank statements again and also DD mandate 

20th Oct. Sent requested docs. Searches submitted with solicitors 

21st Oct. Valuation booked for 3rd Nov 

28th Oct. signed contract to solicitors. KR asked a few questions about entries on statements and needed updated statements 

09th Nov. Enquires satisfied by solicitors. 

11th Nov. KR asked for evidence of OpenPay account closed and Gift deposit form. Sent info back on same day. 

Hey. We have also applied with Leeds (on the 22nd September) and today we've found out that they are willing to offer 20k less than the original amount. Our MA said that they offer less because of the pandemic. We  called Leeds today and they said that on the original application, our mortgage broker FORGOT to mention that we have a child and he also put the salary figures incorrectly. During our conversation yesterday (before we spoke to Leeds) he said that our only option is 85 LTV and suggested Santander. However, because we found out he's made a big mistake + when Leeds asked for additional info before, we've sent them on the same day and he's sent it to the lender 10 days later + he's ignoring our messages and calls we have decided to go with a different MA who has actually managed to find a 95LTV with Kent, we should have the agreement in principle tomorrow. 

What's your experience with Kent? Better than Leeds? For me, Leeds was a slow and painful process...

happyday20

We instructed solicitors on the 30/10 and all searches have come back, she said the local searches then had already and the flood searches took 3 days. But it’s all come back now. We’re just waiting for the offer letter so they can check it, we’ve signed our contract so exchange should be happening soon 😊 If anyone is looking for a new MB I’d definitely recommend Mortgage Experience, they will match or beat a quote you’ve been given and they are sooo good. I have the odd hiccup but I guess it’s because they’re busy and don’t return emails or calls exactly when I want but other than that, I can’t fault them lol. 

happyday20

We have our valuation tomorrow so I’ve got my fingers and toes crossed. Hopefully we will have an offer soon 🤞🏼

ruby16

happyday20 said:

We have our valuation tomorrow so I’ve got my fingers and toes crossed. Hopefully we will have an offer soon 🤞🏼

Have you had offer then before valuation? 

happyday20

ruby16 said:

happyday20 said:

We have our valuation tomorrow so I’ve got my fingers and toes crossed. Hopefully we will have an offer soon 🤞🏼

Have you had offer then before valuation? 

No not yet, we’ve been told by our MB that KR are satisfied with all our documents and there’s nothing outstanding, once the valuation is done and report is returned and ok it will go to offer 😊 That’s what my MB said today

happyday20

She also mentioned KR are really busy at the moment so it’s taking a long time for documents to be reviewed 😧

ruby16

happyday20 said:

She also mentioned KR are really busy at the moment so it’s taking a long time for documents to be reviewed 😧

Ok thats good to know we had valuation last week still not heard anything