Picky Underwriter Question......

rizla83

Hi all,

you may have seen my current application details on the Santander thread but just wanted to see if anyone has had any dealings with a picky underwriter of late?

We put our application in on 14/02 (which really isnt that long ago but feels like a lifetime).

We have been asked for:

Bank statements (on a number of occations) 4 months worth
Proof of ID
Proof of Deposit
Wage Slips (3 months worth)
Proof of being on electoral Roll (in writing from council) x2
Employment contract showing where i have worked for previous 2 years.
I have given them a letter from my boss stating that I am currently 2 years into a 3 year fixed contract that will then be extended thereafter.
They then asked what certain items where on my statement for example pet insurance DD which is £9 per month and a few other small amounts (no more than £20 a month)
Our affordability is great (less than 25% of our income, with our outgoings very minimal).

I have provided ALL of this information to the underwriter as of yesterday.

Is it safe to say i can expect a valuation date in the next few days??

The vendor is threatening to put the house back on the market this following Monday if we have not had a valuation booked.

I think this is a bit unfair as the delay has not been caused by us and also 5 weeks at the way things are going does not seem an overly long time to wait. Maybe her EA are just putting the squeeze on??

sorry for the long read but any info/reassurrance is helpful at this point lol.

circuit

Best to speak to your estate agent and explain the situation.

eeyoreworld

Hi rizla 83

Our Santander app has been similar. We have current Santander mortgage on a permission to let which shouldn't affect our new borrowing but Santander have now decided they have a problem with the LTV on our existing mortgage after a desktop valuation which should never have happened.

I gave up and did an app with NatWest last week band that has now gone to valuation. I would not say for you to do that until you hear Santander outcome but just want to reassure you that if its a no from them, there will be other options available to you. Its the stress waiting game unfortunately. Keep your chin up and keep us posted.

Thrugelmir

Not a picky underwriter. Merely reflects the change in the rules now that the MMR comes into effect on the 26th April.

Mortgage applications will take longer to process as a result.

ACG

Is your application with one of the companies part of YBS?

Certain companies are more pedantic/anal (i will let you decide) than others.

Valuation will usually be instructed once the underwriting is done. Ask them for timescales, bump a couple of days extra on (just in case) and then tell your EA. Keep the EA informed and they are usually happy to leave you alone.

With regards to timescales, i would usually expect to see a valuation instructed within a week, 2 at the most. I can understand why at 5 weeks th EA/Vendor is getting a bit edgy.

rizla83

Thanks for the replys,

the final documents where uploaded last wednesday. I surley must get a valuation date today!

Also on a side note. Is there a way i can check with Santander what dates the documents/application hs been put into them by the broker?

I hate to say it but i have a feeling im not getting the full truth from our broker. Communication has been poor. I have had AE and Sols chasing me for updates throughout the whole application.

I do feel it is possible that things have not been getting done when they say they have and if the vendor puts the property back on the market i will be looking into exact dates.

we have already paid the fees on the day the application was submitted and cant help feeling the foot was taken off the gas since then.

amnblog

Looking forward to 26th April then.