Kent reliance

Sotts

scw96 said:

Hey guys! I got my mortgage offer today and I have already exchanged (it’s a new build so 28 day exchange deadline). I legally complete next Friday. I cannot believe it.

Fantastic news.   Did you exchange before you got your mortgage offer ?

Sotts

Im just waiting for local searches and 2 outstanding queries.  One relating to parking space and one re use of roof terrace.  Neither of them major .
Solicitor said she was waiting for local searches so i gave the council a call yesterday who told me they were sent back to solicitors agency on Thursday.   So solicitor has chased for those.   
So almost ready to exchange.   Have started packing and giving a months notice on my rented flat 

Bsturz1

Hi everyone! 
Our mortgage application was submitted on Thursday , they asked for a copy of my P60 and I was advised  they'd  instructed the valuation .. does that sound right? ... what's everyones experience with KR? has anyone actually been declined?
Climbing the walls waiting already 

Sotts

Bsturz1 said:

Hi everyone! 
Our mortgage application was submitted on Thursday , they asked for a copy of my P60 and I was advised  they'd  instructed the valuation .. does that sound right? ... what's everyones experience with KR? has anyone actually been declined?
Climbing the walls waiting already 

They are very through in asking for documentation.  The P60 won't be the last of it.   Have you had AIP yet?

Bsturz1

They are very through in asking for documentation.  The P60 won't be the last of it.   Have you had AIP yet?

Yeah we got that about 2 weeks ago  then had to wait  for a appointment with our MA who ran another AIP just before he submitted our application 

Sotts

Bsturz1 said:

They are very through in asking for documentation.  The P60 won't be the last of it.   Have you had AIP yet?

Yeah we got that about 2 weeks ago  then had to wait  for a appointment with our MA who ran another AIP just before he submitted our application 

If it helps to reassure, they do all their underwriting manually instead of based on what computer says.  My MA was brilliant and from reading posts on here, a broker will only place you with the lenders likely to accept.

scw96

Sotts said:

scw96 said:

Hey guys! I got my mortgage offer today and I have already exchanged (it’s a new build so 28 day exchange deadline). I legally complete next Friday. I cannot believe it.

Fantastic news.   Did you exchange before you got your mortgage offer ?

No I got the offer Friday morning and exchanged Friday afternoon. 😅 Been a manic few days! Really swift house purchase tbh.

csumm4

Finally completing tomorrow .. been an 18 weeks process from start to now which feels like a lifetime but certainly not as long as some on here. Good luck everyone who is still in the process!! Bye !! 

pieface201288

Hi all,
This is a brilliant thread thank you all so much.
I have a couple of questions if you could help that'll be great. We had submitted our application 11th December after getting out AIP with Kent  and are still waiting to here back. We have provided them with all paperwork including P60's and also answered some additional questions they had.
Does anyone know what the average turnaround is for Kent? 

Also when the mortgage offer comes through did you get it emailed to you or does your mortgage advisor let you know? 

Any information would be great as we want to beat the stamp duty deadline 

rachlikeswinter

pieface201288 said:

Hi all,
This is a brilliant thread thank you all so much.
I have a couple of questions if you could help that'll be great. We had submitted our application 11th December after getting out AIP with Kent  and are still waiting to here back. We have provided them with all paperwork including P60's and also answered some additional questions they had.
Does anyone know what the average turnaround is for Kent? 

Also when the mortgage offer comes through did you get it emailed to you or does your mortgage advisor let you know? 

Any information would be great as we want to beat the stamp duty deadline 

According to https://www.kentrelianceforintermediaries.co.uk the average turnaround currently is 5 working days. When did your broker submit your latest information?

Your broker will tell you of the offer by phone or via email. You'll then get the mortgage offer in the post a few days after that; it gets sent to you and your solicitor simultaneously.

Have you instructed solicitors and commenced local searches? That will be the thing that holds you up for SD deadline. Are you buying a new build (i.e vacant) property or is it part of a chain?