Santander mortgage timeline

yousnorkmaiden

11th November, so would be silly quick! We're both employed, FTB, 83.1% LTV, borrowing 2.6x income - my husband falls into one of those 'we might consider 6x' professions but I have an affordable but sizeable credit card balance. Weren't expecting to start this process yet, we're just jumping on a property we've both loved forever that has unexpectedly come to market so my nerves are shot waiting - I will be devastated if we lose it! 

Daisyy8

mowgliisaG said:

Daisyy8 said:

Our offer went in on the 5th and today and broker called to say they had approved the offer! Just waiting for proper work to be sent out! It felt like the longest wait but worth it in the end

Congrats Daisy, 5th oct or Nov?? Your both employed or SE?

5th October! So it’s been almost 7 weeks. I am employed but OH is self employed so we had to give extra info a few times! 

85c

Daisyy8 said:

mowgliisaG said:

Daisyy8 said:

Our offer went in on the 5th and today and broker called to say they had approved the offer! Just waiting for proper work to be sent out! It felt like the longest wait but worth it in the end

Congrats Daisy, 5th oct or Nov?? Your both employed or SE?

5th October! So it’s been almost 7 weeks. I am employed but OH is self employed so we had to give extra info a few times! 

We went in on the 1/10, we are both se though, what info did they ask u for? 

mowgliisaG

Daisyy8 said:

mowgliisaG said:

Daisyy8 said:

Our offer went in on the 5th and today and broker called to say they had approved the offer! Just waiting for proper work to be sent out! It felt like the longest wait but worth it in the end

Congrats Daisy, 5th oct or Nov?? Your both employed or SE?

5th October! So it’s been almost 7 weeks. I am employed but OH is self employed so we had to give extra info a few times! 

What info was needed daisy? What was your LTV and sole trader or ltd? Sorry for all the questions...feel it helps all those on group as many are SE x

MatthewB21

The applications going back to UW after further information queue hasn’t moved in about three days now, so frustrating! 

Katemb94

yousnorkmaiden said:

11th November, so would be silly quick! We're both employed, FTB, 83.1% LTV, borrowing 2.6x income - my husband falls into one of those 'we might consider 6x' professions but I have an affordable but sizeable credit card balance. Weren't expecting to start this process yet, we're just jumping on a property we've both loved forever that has unexpectedly come to market so my nerves are shot waiting - I will be devastated if we lose it! 

Fingers crossed for you. We are the same date 11th November long wait ahead but we sold our house in May and purchased this one in September but due to having to wait for my other halves business year to end so we can use higher recent figures we had to wait until 11th November so the next wait ahead already feels like we've been on this a lifetime! And our cash buyer won't wait forever x

Meh123

yousnorkmaiden said:

Meh123 said:

yousnorkmaiden said:

Our MB just informed me he's expecting us to be passed to the 'mortgage centre' tomorrow; is that good news or just another term for underwriters?! They are in receipt of valuation. 

Ahhh I’ve heard of this magical centre before I think but can’t remember what happens there!! However, it’s always seemed to be a good and positive place to be!! 

It sounds like a less stressful/pained place to be vs my head at the moment! I am new to this: if they have the valuation report that's good given we submitted on the 11th? Feels quick? Or am I grasping at straws?

You know what?! I think that’s where you go when it’s subject to valuation or something, I know it’s positive though! It seems crazy quick but maybe you’re one of the ones that just sails through 😅😅

Monik2510a

We've been really lucky! I just hope the valuation will be ok. The valuation has been done previously and came back ok when we applied with Leeds BS. Does that mean it should be ok this time as well?

yousnorkmaiden

Meh123 said:

yousnorkmaiden said:

Meh123 said:

yousnorkmaiden said:

Our MB just informed me he's expecting us to be passed to the 'mortgage centre' tomorrow; is that good news or just another term for underwriters?! They are in receipt of valuation. 

Ahhh I’ve heard of this magical centre before I think but can’t remember what happens there!! However, it’s always seemed to be a good and positive place to be!! 

It sounds like a less stressful/pained place to be vs my head at the moment! I am new to this: if they have the valuation report that's good given we submitted on the 11th? Feels quick? Or am I grasping at straws?

You know what?! I think that’s where you go when it’s subject to valuation or something, I know it’s positive though! It seems crazy quick but maybe you’re one of the ones that just sails through 😅😅

Broker says they have the valuation. I dare not get my hopes up! 

Meh123

yousnorkmaiden said:

Meh123 said:

yousnorkmaiden said:

Meh123 said:

yousnorkmaiden said:

Our MB just informed me he's expecting us to be passed to the 'mortgage centre' tomorrow; is that good news or just another term for underwriters?! They are in receipt of valuation. 

Ahhh I’ve heard of this magical centre before I think but can’t remember what happens there!! However, it’s always seemed to be a good and positive place to be!! 

It sounds like a less stressful/pained place to be vs my head at the moment! I am new to this: if they have the valuation report that's good given we submitted on the 11th? Feels quick? Or am I grasping at straws?

You know what?! I think that’s where you go when it’s subject to valuation or something, I know it’s positive though! It seems crazy quick but maybe you’re one of the ones that just sails through 😅😅

Broker says they have the valuation. I dare not get my hopes up! 

Well I hope you’re one of those jammy lucky people who just floats through the process and you get a text or something  tomorrow 👌🏻