Kensington query

superkick40

Have had a DIP for a kensington product and submitted full application. They have come back asking for information on defaults, childcare, landlord reference, wages, source of deposit and a small amount of sick pay. Is there anything good or bad to read into this or is it just standard procedure for them?

I have a concern on my bank statement and it could just be me worrying for no reason as broker isn’t concerned. In January I made a manual payment to clear my very small credit card balance and moved the money from my savings however the way the bank statement has been generated it makes it look like my account went overdrawn as it is showing the payment going out before the money coming in and shows OD on the statement (all transaction show the same date) also I had a circumstance where a DD went out in the middle of the night and I hadn’t put the funds in before going to bed. As soon as I woke up and realised I moved the funds from my other account into the correct one. This was done by 8am and there was no bounced or returned DD no fees incurred etc. Will this cause me a problem? I can explain it all if asked and as said broker isnt concerned when I raised it with them

RelievedSheff

This is standard stuff for Kensington. Provided your application provided all the correct information you will be fine.

You are worrying over nothing with the bank statement and direct debit!

superkick40

https://forums.moneysavingexpert.com/discussion/comment/81871201#Comment_81871201

thanks they have contacted my landlord today for a reference so hopefully another good sign

superkick40

Is it likely this application will now be rejected? They have been happy with everything so far and came back requesting a statement for my DMP which was submitted. They are potentially rejecting it as they have an issue with one month on the statement showing as a missed payment then a double payment the next which wasn’t actually the case. I was switching banks and due to an issue with the new bank this caused an issue with my ability to bank for a couple of days. My broker has sent a detailed explanation and evidence of the reasons involved and we have also received written confirmation from the DMP provider that the payment in question wasn’t missed and my account is being run in a satisfactory manner which we have also passed on. Will this be enough to sway them? No other issues have been raised and LTI is just over 4%

RelievedSheff

I think you will be OK if you have the explanation and the evidence to back it up.

Don't give up hope just yet.