Santander mortgage timeline

85c

Rach7379 said:

Can anyone confirm if Santander have a backlog at all? People buying the house we’re selling put application in on 8th October and still haven’t heard anything 

Yep we put our application in on 1/10, still waiting we should hear something this week as they are up to the 7th October 

Rach7379

85c said:

Rach7379 said:

Can anyone confirm if Santander have a backlog at all? People buying the house we’re selling put application in on 8th October and still haven’t heard anything 

Yep we put our application in on 1/10, still waiting we should hear something this week as they are up to the 7th October 

You put yours In on 1st of Oct? So how come you’ve not heard anything if they are up to the 7th Oct?

pinklady3333

Rach7379 said:

85c said:

Rach7379 said:

Can anyone confirm if Santander have a backlog at all? People buying the house we’re selling put application in on 8th October and still haven’t heard anything 

Yep we put our application in on 1/10, still waiting we should hear something this week as they are up to the 7th October 

You put yours In on 1st of Oct? So how come you’ve not heard anything if they are up to the 7th Oct?

That’s the million dollar question. They are looking at applications sent to the underwriters on 7th October. Not the date the application was made. I have yet to find out how and when the application goes to the underwriters. But it’s definitely a different date! 

Out of interest why did your buyer take 3 months to make the mortgage application after making the offer? 

Monik2510a

Hi. 
We will be putting a shared ownership mortgage application in tomorrow (85LTV). Orginally, we have submited the application with Leeds Building Society on the 22nd September and today they've reduced the amount they are willing to offer by nearly £20k which has really upset me (why haven't they done it during the initial assessment...) Our MA has suggested Santander. Just wanted to see what's your experience ? Surely it can't take any longer than Leeds 😂

Rach7379

pinklady3333 said:

Rach7379 said:

85c said:

Rach7379 said:

Can anyone confirm if Santander have a backlog at all? People buying the house we’re selling put application in on 8th October and still haven’t heard anything 

Yep we put our application in on 1/10, still waiting we should hear something this week as they are up to the 7th October 

You put yours In on 1st of Oct? So how come you’ve not heard anything if they are up to the 7th Oct?

That’s the million dollar question. They are looking at applications sent to the underwriters on 7th October. Not the date the application was made. I have yet to find out how and when the application goes to the underwriters. But it’s definitely a different date! 

Out of interest why did your buyer take 3 months to make the mortgage application after making the offer? 

To be honest I think they just can’t get a mortgage and have tried different people to obtain one. We already know that this is at least their 2nd mortgage advisor they have gone to

85c

Rach7379 said:

pinklady3333 said:

Rach7379 said:

85c said:

Rach7379 said:

Can anyone confirm if Santander have a backlog at all? People buying the house we’re selling put application in on 8th October and still haven’t heard anything 

Yep we put our application in on 1/10, still waiting we should hear something this week as they are up to the 7th October 

You put yours In on 1st of Oct? So how come you’ve not heard anything if they are up to the 7th Oct?

That’s the million dollar question. They are looking at applications sent to the underwriters on 7th October. Not the date the application was made. I have yet to find out how and when the application goes to the underwriters. But it’s definitely a different date! 

Out of interest why did your buyer take 3 months to make the mortgage application after making the offer? 

To be honest I think they just can’t get a mortgage and have tried different people to obtain one. We already know that this is at least their 2nd mortgage advisor they have gone to

Do you know their situation are the SE or E?

Meh123

Rach7379 said:

The latest update this evening is that their mortgage advisor have said that they checked the tracking on Santander and they have been looking at applications sent on 7th October and hopefully theirs wil be looked at tomorrow 

That date is for the underwriting queue not for when the application went in. We applied on the 17th but didn’t get placed into the underwriting queue until late on the 26th. They applied about 9 days before us and we’ve been told the UW will be looking at ours end of the month so I’d assume they’d look at theirs around the middle of this month. 

do you know if they’re self employed? If either of them are then it’s definitely taking longer for them as we’re all in the same queue. If they’re both employed/no furlough etc then they might get through the process a lot quicker!!
silly to put an offer in in a July and not be applying till October though!! They clearly like living on the edge!! Ha

Rach7379

Meh123 said:

Rach7379 said:

The latest update this evening is that their mortgage advisor have said that they checked the tracking on Santander and they have been looking at applications sent on 7th October and hopefully theirs wil be looked at tomorrow 

That date is for the underwriting queue not for when the application went in. We applied on the 17th but didn’t get placed into the underwriting queue until late on the 26th. They applied about 9 days before us and we’ve been told the UW will be looking at ours end of the month so I’d assume they’d look at theirs around the middle of this month. 

do you know if they’re self employed? If either of them are then it’s definitely taking longer for them as we’re all in the same queue. If they’re both employed/no furlough etc then they might get through the process a lot quicker!!
silly to put an offer in in a July and not be applying till October though!! They clearly like living on the edge!! Ha

They certainly are lol we just want it all over and done with as this was our parents house who have unfortunately passed away 

Rach7379

85c said:

Rach7379 said:

pinklady3333 said:

Rach7379 said:

85c said:

Rach7379 said:

Can anyone confirm if Santander have a backlog at all? People buying the house we’re selling put application in on 8th October and still haven’t heard anything 

Yep we put our application in on 1/10, still waiting we should hear something this week as they are up to the 7th October 

You put yours In on 1st of Oct? So how come you’ve not heard anything if they are up to the 7th Oct?

That’s the million dollar question. They are looking at applications sent to the underwriters on 7th October. Not the date the application was made. I have yet to find out how and when the application goes to the underwriters. But it’s definitely a different date! 

Out of interest why did your buyer take 3 months to make the mortgage application after making the offer? 

To be honest I think they just can’t get a mortgage and have tried different people to obtain one. We already know that this is at least their 2nd mortgage advisor they have gone to

Do you know their situation are the SE or E?

No idea unfortunately 

Meh123

85c 

Yep we put our application in on 1/10, still waiting we should hear something this week as they are up to the 7th October 

woo hoo!! Well it clicked over to the 8th October when the site updated at 5pm this evening so you’re finally on your way!!!