Santander mortgage timeline

Katemb94

85c said:

Katemb94 said:

85c said:

Katemb94 said:

Morning all
Ive seen so many people being declined at underwriter stage for failing credit or not meeting criteria surely this is checked before it goes into UW que? As a waste of our and their time? 
My solicitor is writing to lender today as my buyer is threatening to pull out if we cannot exchange by the 10th December don't hold out much hope that this will speed anything up.
Good luck today for those waiting 

Our MB said a letter does help. We asked our solicitor to do it but she refused. 

My solicitor emailed me offering i just need to get hold of my application number I think its because the buyers solicitor is on to her. Thanks for reply 

Whats you situation, SE? E? When did you apply? 

I'm Employed my husband LTD company. We applied on the 10/11 so long wait originally applied with our current lender 22nd June then got declined 9/11

Meh123

85c said:

Meh123 said:

Katemb94 said:

Meh123 said:

Katemb94 said:

Morning all
Ive seen so many people being declined at underwriter stage for failing credit or not meeting criteria surely this is checked before it goes into UW que? As a waste of our and their time? 
My solicitor is writing to lender today as my buyer is threatening to pull out if we cannot exchange by the 10th December don't hold out much hope that this will speed anything up.
Good luck today for those waiting 

With Santander? 

Yes

Eurgh don’t like the sound of that at all, I’ve not seen many rejections from Santander apart from really complex cases or changes in circumstances (furlough etc). Apparently their DIPs are normally really secure, just another worry to add to the worry bank I suppose 😖

I know I’m beside myself! 

The whole thing is just stressful! 

We had what I’m trying to convince myself is borderline good news this morning, it’s only ‘good’ though as it could have been worse 😂😂
we were put back into the queue on the 9th November.....so although we thought we’d hit the top this week it should get there in a couple of weeks....around 8 weeks after the application went in, but no point in starting fresh with another lender. Just hoping that they start smashing through the queue 🤞🏻 

Katemb94

Meh123 said:

Katemb94 said:

Meh123 said:

Katemb94 said:

Morning all
Ive seen so many people being declined at underwriter stage for failing credit or not meeting criteria surely this is checked before it goes into UW que? As a waste of our and their time? 
My solicitor is writing to lender today as my buyer is threatening to pull out if we cannot exchange by the 10th December don't hold out much hope that this will speed anything up.
Good luck today for those waiting 

With Santander? 

Yes

Eurgh don’t like the sound of that at all, I’ve not seen many rejections from Santander apart from really complex cases or changes in circumstances (furlough etc). Apparently their DIPs are normally really secure, just another worry to add to the worry bank I suppose 😖

Its on the mortgages UK Facebook group a thred with peoples experiences however I try to remember most people will post bad experiences instead of good and after having our last application declined im a massive worrier consumes by whole day everyday 🤣

fastbs

Meh123 said:

85c said:

Meh123 said:

Katemb94 said:

Meh123 said:

Katemb94 said:

Morning all
Ive seen so many people being declined at underwriter stage for failing credit or not meeting criteria surely this is checked before it goes into UW que? As a waste of our and their time? 
My solicitor is writing to lender today as my buyer is threatening to pull out if we cannot exchange by the 10th December don't hold out much hope that this will speed anything up.
Good luck today for those waiting 

With Santander? 

Yes

Eurgh don’t like the sound of that at all, I’ve not seen many rejections from Santander apart from really complex cases or changes in circumstances (furlough etc). Apparently their DIPs are normally really secure, just another worry to add to the worry bank I suppose 😖

I know I’m beside myself! 

The whole thing is just stressful! 

We had what I’m trying to convince myself is borderline good news this morning, it’s only ‘good’ though as it could have been worse 😂😂
we were put back into the queue on the 9th November.....so although we thought we’d hit the top this week it should get there in a couple of weeks....around 8 weeks after the application went in, but no point in starting fresh with another lender. Just hoping that they start smashing through the queue 🤞🏻 

That’s not too bad then, at least you know now... fingers crossed to queue moves quickly 🤞🏼

85c

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

Morning all
Ive seen so many people being declined at underwriter stage for failing credit or not meeting criteria surely this is checked before it goes into UW que? As a waste of our and their time? 
My solicitor is writing to lender today as my buyer is threatening to pull out if we cannot exchange by the 10th December don't hold out much hope that this will speed anything up.
Good luck today for those waiting 

Our MB said a letter does help. We asked our solicitor to do it but she refused. 

My solicitor emailed me offering i just need to get hold of my application number I think its because the buyers solicitor is on to her. Thanks for reply 

Whats you situation, SE? E? When did you apply? 

I'm Employed my husband LTD company. We applied on the 10/11 so long wait originally applied with our current lender 22nd June then got declined 9/11

We are similar, ltd company went with Aldermore originally they made us an offer the. Retracted it as they changed there criteria. We are now 8 weeks in with Santander. 

Katemb94

85c said:

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

Morning all
Ive seen so many people being declined at underwriter stage for failing credit or not meeting criteria surely this is checked before it goes into UW que? As a waste of our and their time? 
My solicitor is writing to lender today as my buyer is threatening to pull out if we cannot exchange by the 10th December don't hold out much hope that this will speed anything up.
Good luck today for those waiting 

Our MB said a letter does help. We asked our solicitor to do it but she refused. 

My solicitor emailed me offering i just need to get hold of my application number I think its because the buyers solicitor is on to her. Thanks for reply 

Whats you situation, SE? E? When did you apply? 

I'm Employed my husband LTD company. We applied on the 10/11 so long wait originally applied with our current lender 22nd June then got declined 9/11

We are similar, ltd company went with Aldermore originally they made us an offer the. Retracted it as they changed there criteria. We are now 8 weeks in with Santander. 

Sorry to hear this, I hope you get a reply soon.
I can't believe how much everything has changed we got a mortgage in 2019 my husband only had company 18 months, 5% deposit 95% LTV with a small building society and 2 credit cards

This time he's had the company 3 years, 69%LTV and no debt and struggling to find a lender to touch us.

 

85c

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

Morning all
Ive seen so many people being declined at underwriter stage for failing credit or not meeting criteria surely this is checked before it goes into UW que? As a waste of our and their time? 
My solicitor is writing to lender today as my buyer is threatening to pull out if we cannot exchange by the 10th December don't hold out much hope that this will speed anything up.
Good luck today for those waiting 

Our MB said a letter does help. We asked our solicitor to do it but she refused. 

My solicitor emailed me offering i just need to get hold of my application number I think its because the buyers solicitor is on to her. Thanks for reply 

Whats you situation, SE? E? When did you apply? 

I'm Employed my husband LTD company. We applied on the 10/11 so long wait originally applied with our current lender 22nd June then got declined 9/11

We are similar, ltd company went with Aldermore originally they made us an offer the. Retracted it as they changed there criteria. We are now 8 weeks in with Santander. 

Sorry to hear this, I hope you get a reply soon.
I can't believe how much everything has changed we got a mortgage in 2019 my husband only had company 18 months, 5% deposit 95% LTV with a small building society and 2 credit cards

This time he's had the company 3 years, 69%LTV and no debt and struggling to find a lender to touch us.

 

We’re you effected by covid?

Katemb94

85c said:

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

Morning all
Ive seen so many people being declined at underwriter stage for failing credit or not meeting criteria surely this is checked before it goes into UW que? As a waste of our and their time? 
My solicitor is writing to lender today as my buyer is threatening to pull out if we cannot exchange by the 10th December don't hold out much hope that this will speed anything up.
Good luck today for those waiting 

Our MB said a letter does help. We asked our solicitor to do it but she refused. 

My solicitor emailed me offering i just need to get hold of my application number I think its because the buyers solicitor is on to her. Thanks for reply 

Whats you situation, SE? E? When did you apply? 

I'm Employed my husband LTD company. We applied on the 10/11 so long wait originally applied with our current lender 22nd June then got declined 9/11

We are similar, ltd company went with Aldermore originally they made us an offer the. Retracted it as they changed there criteria. We are now 8 weeks in with Santander. 

Sorry to hear this, I hope you get a reply soon.
I can't believe how much everything has changed we got a mortgage in 2019 my husband only had company 18 months, 5% deposit 95% LTV with a small building society and 2 credit cards

This time he's had the company 3 years, 69%LTV and no debt and struggling to find a lender to touch us.

 

We’re you effected by covid?

No the opposite meaning our 2019/2020 figures are double  the 2 previous years and so all other lenders would average the 2 years meaning our affordability would not be high enough for what we want to borrow 

85c

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

Morning all
Ive seen so many people being declined at underwriter stage for failing credit or not meeting criteria surely this is checked before it goes into UW que? As a waste of our and their time? 
My solicitor is writing to lender today as my buyer is threatening to pull out if we cannot exchange by the 10th December don't hold out much hope that this will speed anything up.
Good luck today for those waiting 

Our MB said a letter does help. We asked our solicitor to do it but she refused. 

My solicitor emailed me offering i just need to get hold of my application number I think its because the buyers solicitor is on to her. Thanks for reply 

Whats you situation, SE? E? When did you apply? 

I'm Employed my husband LTD company. We applied on the 10/11 so long wait originally applied with our current lender 22nd June then got declined 9/11

We are similar, ltd company went with Aldermore originally they made us an offer the. Retracted it as they changed there criteria. We are now 8 weeks in with Santander. 

Sorry to hear this, I hope you get a reply soon.
I can't believe how much everything has changed we got a mortgage in 2019 my husband only had company 18 months, 5% deposit 95% LTV with a small building society and 2 credit cards

This time he's had the company 3 years, 69%LTV and no debt and struggling to find a lender to touch us.

 

We’re you effected by covid?

No the opposite meaning our 2019/2020 figures are double  the 2 previous years and so all other lenders would average the 2 years meaning our affordability would not be high enough for what we want to borrow 

Sorry would be high enough? Or wouldn’t be high enough? 

Katemb94

85c said:

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

85c said:

Katemb94 said:

Morning all
Ive seen so many people being declined at underwriter stage for failing credit or not meeting criteria surely this is checked before it goes into UW que? As a waste of our and their time? 
My solicitor is writing to lender today as my buyer is threatening to pull out if we cannot exchange by the 10th December don't hold out much hope that this will speed anything up.
Good luck today for those waiting 

Our MB said a letter does help. We asked our solicitor to do it but she refused. 

My solicitor emailed me offering i just need to get hold of my application number I think its because the buyers solicitor is on to her. Thanks for reply 

Whats you situation, SE? E? When did you apply? 

I'm Employed my husband LTD company. We applied on the 10/11 so long wait originally applied with our current lender 22nd June then got declined 9/11

We are similar, ltd company went with Aldermore originally they made us an offer the. Retracted it as they changed there criteria. We are now 8 weeks in with Santander. 

Sorry to hear this, I hope you get a reply soon.
I can't believe how much everything has changed we got a mortgage in 2019 my husband only had company 18 months, 5% deposit 95% LTV with a small building society and 2 credit cards

This time he's had the company 3 years, 69%LTV and no debt and struggling to find a lender to touch us.

 

We’re you effected by covid?

No the opposite meaning our 2019/2020 figures are double  the 2 previous years and so all other lenders would average the 2 years meaning our affordability would not be high enough for what we want to borrow 

Sorry would be high enough? Or wouldn’t be high enough? 

If they averaged last 2 years it wouldn't be high enough but our MB advised santander will use latest years figures to determine affordability and not average so we should be OK but who knows!