We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Successful mortgage process from Santander
MrandMrsWoo
Posts: 32 Forumite
Through my times of worry it was mentioned that nobody ever users or posts good news stories on this site so at that time I promised I would break the mould. Today our mortgage has been transferred to our solicitors in preparation for completion tomorrow afternoon!
We have a 90%LTV mortgage with Santander that was based on a 5% deposit from us and 5% from the Developers. As the valuation was more than sufficient we have no problems in getting the mortgage though from that point. There have been a few hairy moments when Santander reduced their income multiple levels but since the offer came through in July we have not heard a peak from them.
All in all a very scary experience but really without cause. Of course there are risks and we understood them at the time but this time tomorrow we will be home owners (mortgage owers : - )) on our new house.
We have a 90%LTV mortgage with Santander that was based on a 5% deposit from us and 5% from the Developers. As the valuation was more than sufficient we have no problems in getting the mortgage though from that point. There have been a few hairy moments when Santander reduced their income multiple levels but since the offer came through in July we have not heard a peak from them.
All in all a very scary experience but really without cause. Of course there are risks and we understood them at the time but this time tomorrow we will be home owners (mortgage owers : - )) on our new house.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards