Santander mortgage timeline

mowgliisaG

Archer2020 said:

So reassured to know I am not the only one that is glued to the service updates several times a day! My mortgage application was submitted on 10 November - I am self employed through a limited company. Does anyone know whether low loan to value affects time to offer - ours is 27%? 

I asked this to my MB who said makes no difference..

pinklady3333

Meh123 said:

pinklady3333 said:

Meh123 said:

I made the mistake of checking what date the underwriting queue is on and it’s on the same date as it was on Friday afternoon! Noooooooooooo!!! 

Tell me about it. I’m banning myself from this forum for 24 hours! I’ve had no hope from it today!

I’m going to see if I can have a mortgage update detox for a few days, I might just drink wine instead and just gently rock in a corner facing the wall or something hahaha

I didn’t check this forum for 24 hours and i didn’t miss a thing! Deffo worth the detox! 

And the Santander trackers have moved well today,  all of them except the ones I’m affected by! 

pinklady3333

Katemb94 said:

Whats the quickest self employed offer anyone has had on here. Our valuation was done this morning and developer has said they expect an offer out by the end of the week!
Its all been pretty quick so far 
09/11 DIP
10/11 full applicationn
11/11 valuation booked 
13/11 requested further information provided same day 
17/11- Valuation taken place 

Will I be at standstill now? 70% LTV 

I expect you entered the uw queue on 13/11 or 16/11 based on everyone else’s experience. And they are 24 days behind and looking at apps that went in the queue on 14/10. So I’d imagine 5 weeks from 13/11 which is about 18/12 and hope and pray for better. 

pinklady3333

Meh123 said:

Katemb94 said:

Whats the quickest self employed offer anyone has had on here. Our valuation was done this morning and developer has said they expect an offer out by the end of the week!
Its all been pretty quick so far 
09/11 DIP
10/11 full applicationn
11/11 valuation booked 
13/11 requested further information provided same day 
17/11- Valuation taken place 

Will I be at standstill now? 70% LTV 

You may still have a wait! We applied on the 18th Oct, valuation happened a couple of days later....not heard a peep since, just sat here wishing the days around for the last month haha 

4 days! 🙏🏻

homese2

Finally got our mortgage offer after 8 weeks. Both self employed - both took the first and second SEIS- 83% LTV and  X4.5 salary.  They asked us twice for additional documents/ information (accountant’s letters and letters explaining impact of  November lockdown). Feeling extremely relieved. I can’t even quite believe this is over! Good luck to everyone! 

Application: 21/09

Hard Search: 21/09

Joined UW queue: 28/09

Valuations Instructed: 05/10 

Valuation carried: 22/10

First additional information requested: 26/10

Hard Search again: 26/10

Second additional information requested: 04/11

Mortgage Offer: 17/11 

mowgliisaG

homese2 said:

Finally got our mortgage offer after 8 weeks. Both self employed - both took the first and second SEIS- 83% LTV and  X4.5 salary.  They asked us twice for additional documents/ information (accountant’s letters and letters explaining impact of  November lockdown). Feeling extremely relieved. I can’t even quite believe this is over! Good luck to everyone! 

Application: 21/09

Hard Search: 21/09

Joined UW queue: 28/09

Valuations Instructed: 05/10 

Valuation carried: 22/10

First additional information requested: 26/10

Hard Search again: 26/10

Second additional information requested: 04/11

Mortgage Offer: 17/11 

Huge congratulations!!! Happy for you and bet you’re so relieved. Gives all us SE people on here some confidence too...
what did they ask for from accountants letters??? And who were letter about November impact from?? Did you get back to pre Covid levels of trading?? 

Monik2510a

Btoni said:

Monik2510a said:

I'm assuming its in the queue to be seen ? Do you get another notification once it's been picked up by the underwriters?

Hiya, your situation sounds identical to mine. Single application, shared ownership, LTV 85%. I applied via a broker on the 28/10 and was passed to underwriting the same day. Physical valuation took place on the 05/11, hoping to have an offer 1st week of December!

Hopefully wont be long for you. Our broker said they've recently had an offer from Santander in 10 days! I've already accepted the fact that it will take a while...

Monik2510a

homese2 said:

Finally got our mortgage offer after 8 weeks. Both self employed - both took the first and second SEIS- 83% LTV and  X4.5 salary.  They asked us twice for additional documents/ information (accountant’s letters and letters explaining impact of  November lockdown). Feeling extremely relieved. I can’t even quite believe this is over! Good luck to everyone! 

Application: 21/09

Hard Search: 21/09

Joined UW queue: 28/09

Valuations Instructed: 05/10 

Valuation carried: 22/10

First additional information requested: 26/10

Hard Search again: 26/10

Second additional information requested: 04/11

Mortgage Offer: 17/11 

Congratulations! 🥳 I can't wait to receive the same text 😂

haras_n0sirrah

Santander have two queues
The 'easy' queue (employed, no adverse etc) and the senior underwriter queue (self employed, adverse) - worth finding out which queue you are in. The advertised timescale on the website is the longer queue so the shorter one shouldn't be that long 

Meh123

haras_n0sirrah said:

Santander have two queues
The 'easy' queue (employed, no adverse etc) and the senior underwriter queue (self employed, adverse) - worth finding out which queue you are in. The advertised timescale on the website is the longer queue so the shorter one shouldn't be that long 

Hey!! So strange to see you on here instead of your thread!!
The bulk of us are in the SE queue.....dying slow and painful deaths waiting!! 😂😂