Abbey/Santander application - Delay

PheoUK

Useful to know the 9 days timeline - Counting from when they received our valuation we are on working day 8. So fingers crossed it'll come through shortly!

How did they send the offer? Postal?

sdl1503

PheoUK wrote: »

Useful to know the 9 days timeline - Counting from when they received our valuation we are on working day 8. So fingers crossed it'll come through shortly!

How did they send the offer? Postal?

No, our MA told us. I asked if we will get an official confirmation in the post and he said not till the valuation is done, as that is the final step in the offer process.

kingstreet

Process;-

Application
Supporting docs
Underwriting decision
Valuation
Sign off
Offer.

sdl1503

kingstreet wrote: »

Process;-

Application
Supporting docs
Underwriting decision
Valuation
Sign off
Offer.

Should we wait for this final offer before telling solicitors to go ahead with searches?

Thrugelmir

If you don't want to risk losing the money, then yes.

PheoUK

kingstreet wrote: »

Process;-

Application
Supporting docs
Underwriting decision
Valuation
Sign off
Offer.

Well I've had the valuation so sign off and offer is what I'm waiting on. Confirmation from the lawyers that they are ready to proceed with draft contracts this morning so everything is waiting on Santander!

PheoUK

sdl1503 wrote: »

No, our MA told us. I asked if we will get an official confirmation in the post and he said not till the valuation is done, as that is the final step in the offer process.

Our MA confirmed this (and that they had recognized the valuation had come back ok) in a similar way a week ago last Thursday - we are still waiting on formal offer for us / solicitor

sdl1503

PheoUK wrote: »

Our MA confirmed this (and that they had recognized the valuation had come back ok) in a similar way a week ago last Thursday - we are still waiting on formal offer for us / solicitor

When was your valuation done?

PheoUK

sdl1503 wrote: »

When was your valuation done?

morning of the 7th Feb.

sdl1503

PheoUK wrote: »

morning of the 7th Feb.

That's what I'm worried about, ours is scheduled for Wednesday 26th and then at least another 2 week wait after that. Do you wish you'd used someone else now?