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  • FIRST POST
    • Bunneroo
    • By Bunneroo 10th Mar 17, 6:22 AM
    • 4Posts
    • 1Thanks
    Bunneroo
    Kensington Mortgage application timescale
    • #1
    • 10th Mar 17, 6:22 AM
    Kensington Mortgage application timescale 10th Mar 17 at 6:22 AM
    Hi- I hope this is the right place to post. We are waiting (almost 3 weeks) to hear from Kensington about our application. We were expecting lots of extra paperwork requests from what I have read on here. Anyone been through this that can maybe reassure me please? How do I know when they have done a valuation? The credit checks have been done though. Thank you!
Page 14
    • Em2aLou38
    • By Em2aLou38 30th Jul 18, 12:59 PM
    • 26 Posts
    • 0 Thanks
    Em2aLou38
    Iíve got everything to hand..just means popping into work on a day off to print things off but needs must!
    Iím just worrying about the affordability now..they would have based that on my original three payslips I provided wouldnít they and not last years income???
    • anfieldred
    • By anfieldred 30th Jul 18, 1:20 PM
    • 207 Posts
    • 2,627 Thanks
    anfieldred
    Iíve got everything to hand..just means popping into work on a day off to print things off but needs must!
    Iím just worrying about the affordability now..they would have based that on my original three payslips I provided wouldnít they and not last years income???
    Originally posted by Em2aLou38
    Not sure to be honest - I had to give 4 month's payslips, and just details of where I worked previously/previous salaries. It may just be seeing if your earnings are consistent or going up/down. If there are any queries, as long as it's answered they seem to be ok.
    • Em2aLou38
    • By Em2aLou38 30th Jul 18, 5:48 PM
    • 26 Posts
    • 0 Thanks
    Em2aLou38
    I know this April!!!8217;s p60 will be fine but can!!!8217;t remember what last years will be til I print it off tomorrow! My FA said as long as they can see at least 3k to 4K in overtime a year it!!!8217;ll be fine
    • anfieldred
    • By anfieldred 2nd Aug 18, 10:55 AM
    • 207 Posts
    • 2,627 Thanks
    anfieldred
    Finally completed yesterday - it is a slow process, but it will get there.
    • ACG
    • By ACG 2nd Aug 18, 11:53 AM
    • 17,656 Posts
    • 9,450 Thanks
    ACG
    Finally completed yesterday - it is a slow process, but it will get there.
    I wrote this on the first page around 3 months ago.


    Kensington do usually get there, they are just ridiculous when it comes to underwriting. I always pre-warn my clients if we use kensington (and one or 2 other lenders) that they will make it hard work and that it is not a sign of their application being a bad one, it is just kensington being a nightmare for everyone.
    Originally posted by ACG
    "Nice" to hear they are still being Kensington. I do a lot of adverse Mortgages and they seem to make it a lot more painful than any other lender. I fed it back to them a few months ago when asked why we do not use them, they told me they had changed. Going off your reply that is not the case.

    It is a shame really as they have some decent rates and criteria.

    But the main thing is, you go there in the end. You just feel like you need a holiday by the end of it. Climbing Everest is probably easier...and quicker!
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • anfieldred
    • By anfieldred 2nd Aug 18, 12:40 PM
    • 207 Posts
    • 2,627 Thanks
    anfieldred
    I wrote this on the first page around 3 months ago.




    "Nice" to hear they are still being Kensington. I do a lot of adverse Mortgages and they seem to make it a lot more painful than any other lender. I fed it back to them a few months ago when asked why we do not use them, they told me they had changed. Going off your reply that is not the case.

    It is a shame really as they have some decent rates and criteria.

    But the main thing is, you go there in the end. You just feel like you need a holiday by the end of it. Climbing Everest is probably easier...and quicker!
    Originally posted by ACG
    Don't think I did myself any favours with the way my finances were run/previous debts etc. Some in here got quick turnaround times - hasnt been many (or any?) in the thread that have fell through I don't think.

    Hopefully in 2 years time I can get on a lower rate and back with a high street lender, but for now I'm just relieved it's gone through
    • Em2aLou38
    • By Em2aLou38 3rd Aug 18, 10:36 AM
    • 26 Posts
    • 0 Thanks
    Em2aLou38
    That!!!8217;s what I was thinking..looks like I!!!8217;ll have to suck it up for 2 years then switch (if everything goes through ok)

    I!!!8217;m just annoyed that from looking at my credit report there!!!8217;s things linked to me that shouldn!!!8217;t be! I!!!8217;m waiting for Experian to pull their finger out and the CRA to get the Things removed but doesn!!!8217;t look like that!!!8217;ll be any time soon!

    I!!!8217;ve sent all the other documents back off to the underwriters now last Tuesday..would it be a stupid question to ask how long it!!!8217;s likely to take now lol
    • anfieldred
    • By anfieldred 3rd Aug 18, 12:51 PM
    • 207 Posts
    • 2,627 Thanks
    anfieldred
    That!!!8217;s what I was thinking..looks like I!!!8217;ll have to suck it up for 2 years then switch (if everything goes through ok)

    I!!!8217;m just annoyed that from looking at my credit report there!!!8217;s things linked to me that shouldn!!!8217;t be! I!!!8217;m waiting for Experian to pull their finger out and the CRA to get the Things removed but doesn!!!8217;t look like that!!!8217;ll be any time soon!

    I!!!8217;ve sent all the other documents back off to the underwriters now last Tuesday..would it be a stupid question to ask how long it!!!8217;s likely to take now lol
    Originally posted by Em2aLou38
    Depends whats in the documents - if there's no queries, it could be done in a week or two. Mine dragged on, but others have had quick replies. From AIP to valuation was about 18 days for me, but then from valuation to offer was maybe 6 weeks
    • Em2aLou38
    • By Em2aLou38 3rd Aug 18, 5:32 PM
    • 26 Posts
    • 0 Thanks
    Em2aLou38
    They!!!8217;ve just asked for the proof of deposit gift letter to be signed and a handwritten letter to cover the fact that there!!!8217;s things on my credit report that are in dispute.

    My financial advisor assured me they will lend the money they just want to tidy the file up with these last documents and that!!!8217;s it
    • hunnibee
    • By hunnibee 8th Aug 18, 10:39 AM
    • 35 Posts
    • 8 Thanks
    hunnibee
    Em2aLou38;

    Yea I had the same requests, these are all before it goes to the underwriter. After the last bits are gathered, you may expect them to ask for additional details too.. they did with my. My mortgage advisor was getting his hair off with them by the end. I almost backed out & said if I wait until march I can go with a high street anyway & won't need all this crap! Think he said the same to them and I finally got my offer.
    Hang in there.. keep conversations open with your sellers so they feel things are moving. Good luck
    • Em2aLou38
    • By Em2aLou38 8th Aug 18, 2:06 PM
    • 26 Posts
    • 0 Thanks
    Em2aLou38
    Yay congratulations on getting your offer !!!55357;!!!56842;
    They seem to come up with the goods eventually think they!!!8217;ve asked for everything now apart from a kidney lol!
    They!!!8217;ve had payslips, bank statements, proof of address, three years of p60!!!8217;s, ID, proof of deposit, gift letter and ID for deposit, letter covering identity theft and deposit, I don!!!8217;t know what else they could need now
    • Em2aLou38
    • By Em2aLou38 9th Aug 18, 8:36 AM
    • 26 Posts
    • 0 Thanks
    Em2aLou38
    I spoke to the estate agents yesterday and the valuations been booked in for next Monday apparently. Is it likely to be long after tha?
    • Em2aLou38
    • By Em2aLou38 15th Aug 18, 12:09 PM
    • 26 Posts
    • 0 Thanks
    Em2aLou38
    I!!!8217;m losing the will to live. Spoke to the FA yesterday the valuation was all fine but now the underwriter wants another bank statement, proof of address for three years as what I!!!8217;ve provided (p60!!!8217;s) wasn!!!8217;t good enough!

    He!!!8217;s assured me it!!!8217;s the last bits but I!!!8217;m
    Slowly losing the will..it!!!8217;s never ending !!!55357;!!!56852;
    • hunnibee
    • By hunnibee 16th Aug 18, 11:07 PM
    • 35 Posts
    • 8 Thanks
    hunnibee
    AHH stick with it you'll get there, then if you have luck like mine... The sellers will pull out!!
    I sincerely hope that doesn't happen to you!
    House no 2 offer made.. will see if it's accepted and start again
    • Em2aLou38
    • By Em2aLou38 17th Aug 18, 10:40 AM
    • 26 Posts
    • 0 Thanks
    Em2aLou38
    Oh no !!!55357;!!!56852; bless you! Our sellers on holidays at the moment so I!!!8217;m hoping that!!!8217;ll go in our favour with how long everything!!!8217;s taking! It!!!8217;s just frustrating and my nerves can!!!8217;t take it lol
    • mrsrawls
    • By mrsrawls 20th Aug 18, 12:36 PM
    • 4 Posts
    • 2 Thanks
    mrsrawls
    We have the keys
    Just a quick update. We have the keys to our new flat. We had a bit of delay on completing as we were away and then the sellers were too, but all done, dusted and once the offer was made no extra requests for copies of anything.
    • Wednesday1
    • By Wednesday1 23rd Aug 18, 12:13 PM
    • 1 Posts
    • 1 Thanks
    Wednesday1
    Hi,

    We have applied to Kensington through a broker, The only adverse credit we have is my husbands settled DMP back in 2014, every week we are requested to submit different paperwork, I’m behind g to lose the will to live, the initial application went in towards the end of July, we’ve had to get a different solicitor etc. Is there light at the end of the tunnel? How long is it generally taking people? We have literally been asked for everything bar the kitchen sink!
    • Em2aLou38
    • By Em2aLou38 11th Sep 18, 11:01 AM
    • 26 Posts
    • 0 Thanks
    Em2aLou38
    That’s exactly how it’s been for us! We have changed the application now though to a joint application instead of just in my name. The FA seems to think we should have the offer this week but we’ve provided absolutely everything you could think of apart from a vital organ.

    The only saving grace is my solicitor only received the draft contract from the sellers solicitor a week ago so searches need to be done which take around 4-6 weeks so at least we’ve got a bit of time on our side.

    Can’t help feeling a bit deflated and losing hope �� doesn’t help that I’m due to give birth any time soon either lol
    • Em2aLou38
    • By Em2aLou38 22nd Sep 18, 6:27 PM
    • 26 Posts
    • 0 Thanks
    Em2aLou38
    Our mortgage offer came through yesterday to say I’m relieved and happy is an understatement!!! The mortgage broker sent it to us and says he’s checking over it over the next few days but everything looks fine! Searches are still being done but I’m hoping we’ll have a completion date soon! The mortgage offer is valid til January I’m hoping it’ll all be sorted way before then lol
    • Sir Moan-a-lot
    • By Sir Moan-a-lot 27th Sep 18, 8:43 PM
    • 2 Posts
    • 2 Thanks
    Sir Moan-a-lot
    Avoid this firm - timewasting
    Had AIP over 5 weeks ago via an IFA. Submitted everything then they came back with inevitable questions which we answered. I was trying to consolidate some debt into the mortgage. Manual underwriters took around 6-7 working days to provide an update (even for the smallest of things). They kept apologising for the delay due to "very hectic workload". Eventually, they told us they could not offer the 2 year deal we had requested but were prepared to offer a 5 year deal. We thought about it, then in the following call that we would have taken the deal (another 6 days wait!) they said "actually we don't want this business". Total shambolic way of operating and creating false hope with initial AIP.
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