Santander Mortgage???

rocky028

I am about to apply for a mortgage with santander and i was wondering if anybody else has used them or had any dealings with them? What are they like?

The mortgage is a tracker at 4.99% at ltv 90% and £495 fee

Any help would be great

Thanks

Conrad

My least favorite lender.

Massive, cumbersome, inefficient and just down right dreadful.

You will find people who got a good outcome, but on average my experience is poor. Think about - they recently aquired other lendrs and that mass upheaval has ramifications.

Rates will likely go up soon too.

rocky028

Thanks for your reply Conrad. How long did it take for you to get your mortgage? As i would like to be in my new house asap

herbiesjp

Be prepared for them to come back again and again for information - even if you have already sent it in.

They can even turn around and change their requirements midway through the application, depending on which underwriter you talk to (even if if has been discussed at the outset)!

milliebear00001

I am about to exchange with a Santander mortgage. They were superfast at processing it initially (via Broker) and they had underwritten and done valuation within a week. Problems began when I changed the property - completely foxed them and they took an age to process a single bit of paper. When I changed again, they decided they needed to underwrite me/credit check me and ask me for every bit of paper under the sun before they finally said OK after three weeks.

shortchanged_2

I know you won't be getting the best deals with that level of deposit but that looks like a pretty rubbish rate to me. That is 4.49% above the base rate. :eek:

HSBC are doing a lifetime tracker with a 10% deposit at 4.29% that is 3.79% above the base rate with a £99 booking fee.