Kent reliance

Loulou0404

rachlikeswinter said:

Just been told KR won't even be able to start looking at my application documents (submitted on Fri) for another week or so as the backlog is so high. I had a feeling this wouldn't be quick... anyone else have any news?

Mine got submitted on Wednesday and MB just rang with an update that it is with the underwriter. He did say it is a lot slower as a lot of the staff are working from home. Not good for us when we just want to know how long it will be. They haven’t asked any question or more docs as yet 

rachlikeswinter

MSN2220 said:

Nope not yet. I applied on the 8th Oct, on the KR website it says 5 working days for underwriting, so I’m gonna call my MA on Thursday. Have you had any updates ? 

My MA said he spoke to KR on the phone today and they won't look at mine (submitted on the 8th like you) until mon/tues next week. But then I'm self employed so maybe in a different 'queue!' 

rachlikeswinter

Loulou0404 said:

rachlikeswinter said:

Just been told KR won't even be able to start looking at my application documents (submitted on Fri) for another week or so as the backlog is so high. I had a feeling this wouldn't be quick... anyone else have any news?

Mine got submitted on Wednesday and MB just rang with an update that it is with the underwriter. He did say it is a lot slower as a lot of the staff are working from home. Not good for us when we just want to know how long it will be. They haven’t asked any question or more docs as yet 

At least it's with underwriter though, that's a good sign. My broker made me gather every single document he could think of when we submitted the application as when they ask for more docs, apparently you get sent back to the end of the line again! So hopefully they have everything they need from you  

Loulou0404

rachlikeswinter said:

Loulou0404 said:

rachlikeswinter said:

Just been told KR won't even be able to start looking at my application documents (submitted on Fri) for another week or so as the backlog is so high. I had a feeling this wouldn't be quick... anyone else have any news?

Mine got submitted on Wednesday and MB just rang with an update that it is with the underwriter. He did say it is a lot slower as a lot of the staff are working from home. Not good for us when we just want to know how long it will be. They haven’t asked any question or more docs as yet 

At least it's with underwriter though, that's a good sign. My broker made me gather every single document he could think of when we submitted the application as when they ask for more docs, apparently you get sent back to the end of the line again! So hopefully they have everything they need from you  

He did say KR are very thorough so im
sure there will be questions. Checked my bank statements over and there isn’t anything other then direct debits for utility bills. Keep looking at new furniture and planning all I want to do is order stuff for the new house. I’ll let you know when I have the next update 🤞

louisedaisy133

MSN2220 said:

louisedaisy133 said:

MSN2220 said:

rachlikeswinter said:

MSN2220 said:

rachlikeswinter said:

MSN2220 said:

Hello does anyone know if Kent have an issue with being in overdraft constantly? 

I'm in no way an expert but I would imagine it depends if your credit report is adversely affected by long-term overdraft borrowing, not the fact it's an overdraft per-se... I don't know what their criteria is in terms of risk etc - can you ask your broker (if you have one?) Also when you say being in overdraft constantly, do you mean a couple of hundred quid most months, or several thousand owed consistently? That would probably make a difference in their eyes.

Broker hasn’t been that helpful unfortunately. I’m in my overdraft £1000 (maxed out) each month but that’s only because I’m putting money in savings each month and my overdraft is 0%. 😬

Hmm. Might be worth signing up to one of the credit report agencies like Experian / checkmyfile or whatever - if you cancel before 30 days it's free I think. That'll give you a good snapshot of what kind of 'risk' a lender would see you as. Have you already got a DIP in place I presume? I'm sure it's fine!

Yeah we’ve got a DIP and I’ve checked my score on all credit agencies and they seem fine. Guess just have to wait and see. Thanks! 😁

Have you had an update yet? 

Nope not yet. I applied on the 8th Oct, on the KR website it says 5 working days for underwriting, so I’m gonna call my MA on Thursday. Have you had any updates ? 

No they came back last Tuesday for a little of info and bank statement although had already submitted them so will just wait and see hopefully something this week ... just the anxiousness of it all. 

MSN2220

In case anyone else is worried about overdraft. I spoke to a few MAs about their opinion. Seems there is a mixed view on maxing out your overdraft and seems to depend on the overall picture. 

ash13445

Had a bit of wait on being sent some documents from a old hire purchase agreement Kent asked for,
I got them and sent them over to Kent last week and today my brokers got in touch to say They have been reviewed and assessed and our case has been referred to the underwriter today for the  final checks. 

I’m really hoping this means it’s all going in the right direction. 😬😬😬😬

louisedaisy133

ash13445 said:

Had a bit of wait on being sent some documents from a old hire purchase agreement Kent asked for,
I got them and sent them over to Kent last week and today my brokers got in touch to say They have been reviewed and assessed and our case has been referred to the underwriter today for the  final checks. 

I’m really hoping this means it’s all going in the right direction. 😬😬😬😬

Any update? We have had our valuation back and the searchers but still no offer hopefully won’t be much longer 😬

ash13445

louisedaisy133 said:

ash13445 said:

Had a bit of wait on being sent some documents from a old hire purchase agreement Kent asked for,
I got them and sent them over to Kent last week and today my brokers got in touch to say They have been reviewed and assessed and our case has been referred to the underwriter today for the  final checks. 

I’m really hoping this means it’s all going in the right direction. 😬😬😬😬

Any update? We have had our valuation back and the searchers but still no offer hopefully won’t be much longer 😬

We had our offer today 🎉🎉🎉
honestly I think you will absolutely fine .. I was so worried so I know how u feel I think they would have asked u for more information by now .. you will be fine stay positive xx 

Heskey09

Hey, new to this forum and site but in similar boat as most on here. Just wondered how people got on with having debt with their application to Kent Reliant? We have two small car loans and some money on a 0% credit card, but the total is less than 8K. Anyone been successful applying with some debt?