Kent reliance

Steph86P

I'm so pleased to have found this forum!! Have been keeping up with everyone's progress and timelines. We first started the process on 5th November so very early on in the application process. On 5/11 we were told we had passed the basic credit check but that all deals were handed to a Underwriter to double check. We did receive an email with an AIP. Today my MB called Kent who advised that even though we hadn't heard back from the underwriter everything seemed to look good their end and that we could submit the full application (tad nervous as the underwriter still hadn't come back to us!) We submitted the full application anyway as it may help speed up the process (and paid £420, which we know we could lose!) And we were advised straight away that the valuation had been instructed. Seems odd that they would do that without the underwriter confirming all is ok?? I am not a very patient person and my poor MB is probably sick of my emails already!! We have sent every bit of documentation we could think of. We are buying 35% of a 335 purchase (£117250) and we earn nearly 70k between us. Only issue is that I have £4400 credit card debt and car finance of £12k. Husband has £1000 credit card debt.(not sure how it all ended up in my name!) But we haven't missed payments and the balances are being paid regularly and are going down! Wishing everyone lots of luck with their applications!! X

happyday20

ruby16 said:

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 

When did you have your valuation? 

ruby16

happyday20 said:

ruby16 said:

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 

When did you have your valuation? 

happyday20 said:

ruby16 said:

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 

When did you have your valuation? 

We had it on the 4th November 

aleeek

Steph86P said:

I'm so pleased to have found this forum!! Have been keeping up with everyone's progress and timelines. We first started the process on 5th November so very early on in the application process. On 5/11 we were told we had passed the basic credit check but that all deals were handed to a Underwriter to double check. We did receive an email with an AIP. Today my MB called Kent who advised that even though we hadn't heard back from the underwriter everything seemed to look good their end and that we could submit the full application (tad nervous as the underwriter still hadn't come back to us!) We submitted the full application anyway as it may help speed up the process (and paid £420, which we know we could lose!) And we were advised straight away that the valuation had been instructed. Seems odd that they would do that without the underwriter confirming all is ok?? I am not a very patient person and my poor MB is probably sick of my emails already!! We have sent every bit of documentation we could think of. We are buying 35% of a 335 purchase (£117250) and we earn nearly 70k between us. Only issue is that I have £4400 credit card debt and car finance of £12k. Husband has £1000 credit card debt.(not sure how it all ended up in my name!) But we haven't missed payments and the balances are being paid regularly and are going down! Wishing everyone lots of luck with their applications!! X

Kent seem to be instructing the valuations on application, when it gets booked in is another matter. Ours got instructed on 08.10 but was done on 28.10 so it's not an indicator if they're happy with everything or not it seems. Good luck to you, let us know how you get on. 

MSN2220

Monik2510a said:

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...

That’s interesting. Maybe I should ring Leeds and find out the real reason for us. We were told I got declined because of the state of my bank statements. They told me this after 3 weeks!! Kent have been much better, a lot faster! Our AIP was completed in less than 24 hours and Kent have been giving us an update weekly via MB ringing them.  They do come back and forth with questions a lot though. 

happyday20

aleeek said:

Steph86P said:

I'm so pleased to have found this forum!! Have been keeping up with everyone's progress and timelines. We first started the process on 5th November so very early on in the application process. On 5/11 we were told we had passed the basic credit check but that all deals were handed to a Underwriter to double check. We did receive an email with an AIP. Today my MB called Kent who advised that even though we hadn't heard back from the underwriter everything seemed to look good their end and that we could submit the full application (tad nervous as the underwriter still hadn't come back to us!) We submitted the full application anyway as it may help speed up the process (and paid £420, which we know we could lose!) And we were advised straight away that the valuation had been instructed. Seems odd that they would do that without the underwriter confirming all is ok?? I am not a very patient person and my poor MB is probably sick of my emails already!! We have sent every bit of documentation we could think of. We are buying 35% of a 335 purchase (£117250) and we earn nearly 70k between us. Only issue is that I have £4400 credit card debt and car finance of £12k. Husband has £1000 credit card debt.(not sure how it all ended up in my name!) But we haven't missed payments and the balances are being paid regularly and are going down! Wishing everyone lots of luck with their applications!! X

Kent seem to be instructing the valuations on application, when it gets booked in is another matter. Ours got instructed on 08.10 but was done on 28.10 so it's not an indicator if they're happy with everything or not it seems. Good luck to you, let us know how you get on. 

Our MB said KR would only instruct a valuation if they were happy with the application, as we had to pay for the valuation our MB said they would only instruct it if they were confident they would give you an offer. But I hear so many different stories and everyone’s circumstances is different lol

firsttimebuyerhelpmepleaae

Hello can anyone help me please?

I am purchasing a new build shared ownership property that is due to be finished end of feb 2021. I used metro finance mortgage brokers and got an AIP done in 1 day from Kent Reliance and submitted a formal mortgage application on 27/10/20. I had notification that the valuation is pending and Kent reliance have asked for more bank statements. The problem is that the house is not yet finished so they aren’t carrying out a physical valuation so the surveyor has sent plans for the valuation to be completed via desktop. Has anyone else had this? I have been told KR do not always accept desktop valuations.

My second question is do I instruct a solicitor or await to see if They will accept this as I don’t want to pay a fee I will lose if not but I am also aware they have long wait times?

please help! I’m worried x

Monik2510a

Anyone had to ask solicitors to do 'dual representation' due to the solicitors not being on the lender panel?

MSN2220

Monik2510a said:

Anyone had to ask solicitors to do 'dual representation' due to the solicitors not being on the lender panel?

We had to change solicitors when we switched from Leeds to Kent 

Monik2510a

MSN2220 said:

Monik2510a said:

Anyone had to ask solicitors to do 'dual representation' due to the solicitors not being on the lender panel?

We had to change solicitors when we switched from Leeds to Kent 

Have you offered dual representation and they didn't agree? Have your original solicitors done any work? Ours have applied for searches and received contract papers from the sellers solicitors etc. I hope they will agree. We got the agreement in principle with Kent by the way  
I'm loosing my sleep over it now....