Fresh Diary for 2024!

BlueJ94

enthusiasticsaver said:

BlueJ94 said:

enthusiasticsaver said:

Good luck with the mortgage. 

Was the mortgage advisor a whole of market one or are they tied to just one company?  Why Kensington Mortgages and  what sort of interest rate are they offering? 

Thanks! they tried high street lenders but got refused straight away, Kensington are a step below high street. I'm sure he said 6% or close to, which our mortgage works out at 63k so whilst he told us the interest rate isn't great it's fixed for two years and then we will try and get a better rate. The Mortgage guy is tied to one company I believe. 

Well 6% is not awful and £63k is a fairly low mortgage. Are you restricted because of your credit file, low deposit or erratic income? There are brokers who can access whole of market.

Yes, the house is only 75k to buy as we're buying from our landlord where I've lived for nearly 10 years. We have a large deposit to put down aswell so only need 63k mortgage

BlueJ94

Just had an update stating 

"The underwriter is looking at your case this afternoon so I’m sure they will want something else…..probably what the dog had for breakfast!!" 

BlueJ94

Update again -

Kensington asked for more proof of OH ebays invoices for items sent, also asked for update on driving license which we're waiting to get back and the underwriter was looking at the case for us yesterday eve. 

Mortgage advisor is dropping the mortgage in principle to my estate agents, estate agents rang for names to confirm paperwork and to write references for Kensington as they requested. 

We only applied on the 7th and the case seems to be going quicker than expected which is a good sign! hopefully...

EssexHebridean

Fingers crossed on things continuing to go smoothly! 

BlueJ94

Afternoon! 

Valuation done this morning and now we wait...

lampshade15

Can I ask what solicitor firm you are using for the mortgage? We've had an offer accepted and DIP with Kensington but the firm we were going to use aren't on their panel!

BlueJ94

lampshade15 said:

Can I ask what solicitor firm you are using for the mortgage? We've had an offer accepted and DIP with Kensington but the firm we were going to use aren't on their panel!

I'm using a local one called Stephens Wilmot Solicitors

EssexHebridean

lampshade15 said:

Can I ask what solicitor firm you are using for the mortgage? We've had an offer accepted and DIP with Kensington but the firm we were going to use aren't on their panel!

Ask Kensington for a list of firms locally to you who are - try to avoid using one of the big online firms - they're generally known as "conveyancing factories" and as a rule are best avoided. Alternatively ask your chosen firm if they can find out whether it would be possible for them to apply to Kensington to get on the panel - it may not be, but it's worth asking.

BlueJ94

We've received our offer this morning! 

EssexHebridean

Just seen this - exciting stuff!