young businesswoman discussing details with clients via video call
We help to take the stress out of applying for a mortgage.

2. DECISION IN PRINCIPLE

Once you’ve spoken to your mortgage adviser and agreed to proceed they will submit your details to obtain a Decision in Principle which will show you how much you could borrow. We calculate this using the following information:

  • Your income and outgoings
  • Your deposit amount
  • The results of an initial credit search
  • The monthly mortgage repayments
  • The value of the property you’re looking to buy or remortgage

The amount shown in the DIP is an initial advisory figure based on the information you have provided and at this stage it’s not yet a commitment from Kensington to lend to you. However, if you decide to proceed with us we’ll use the information you’ve already provided for your formal mortgage application.

If you’re looking to buy a new home, once you have your DIP you’re free to start booking appointments and viewing properties!

The amount shown in the DIP is an initial advisory figure based on the information you have provided.
At this point, we’ll conduct a full credit history check and assess your ability to afford the monthly repayments on the mortgage you’re applying for.

4. ASSESSMENT, VALUATION AND OFFER

As soon as we’ve received your full application, we’ll swing into action.

We'll start by instructing our Surveyors to book an appointment to value the property you want to buy or remortgage.

Then, we will review your application and supporting documentation. If we need any further information to support your application or we need to clarify any points, we’ll let your mortgage adviser know so they can work with you to supply the required information.

After this, we’ll keep updating your mortgage adviser on the progress of your case. We’ll confirm when the valuation is booked for and then advise what the property has been valued at. We’ll also confirm if the supporting documentation you’ve been asked to supply is sufficient or we need to see anything else. Finally, if we have everything we need to approve your application, we’ll send your mortgage adviser a formal mortgage offer.

Man walking through a busy open plan office
As soon as we’ve received your full application, we’ll swing into action.

5. ONCE YOU'VE RECEIVED YOUR MORTGAGE OFFER

Once you’ve received your mortgage offer we’ll work with your solicitor who will let us know your moving date… and we’ll transfer the cash on your chosen completion date.

If we can’t say yes... sometimes we may have to decline a mortgage application. If that happens we’ll always talk to your mortgage adviser and where we can, give a full explanation as to the reasons why. And if you could apply again at a later date, we’ll let them know that too.

Cardboard boxes and cleaning things for moving into a new home
If we have to decline a mortgage application, we’ll always talk to your mortgage adviser and where we can, give a full explanation as to the reasons why.

USEFUL INFORMATION

  • Before you apply
    We’ve put together a helpful list of some of the key things you and your adviser will need to consider before they apply for a Kensington mortgage.
    GET MORTGAGE READY
  • Why choose Kensington
    As a specialist mortgage lender, we know that no two people or their circumstances are the same. That's why we've always celebrated differences.
    THE KENSINGTON DIFFERENCE
  • Getting advice and help
    How to get the advice and help you need to find the mortgage that may be suitable for your circumstances.
    GETTING MORTGAGE ADVICE

    Please be aware mortgages are secured against your home and your home may be repossessed if you do not keep up repayments on your mortgage.