Santander mortgage timeline

Katemb94

HunnyBea13 said:

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 

I’m in a sort of similar position in that my 2019/20 figures are good, but the previous year is about half the earnings as I was recovering from surgery. The year before I had no earnings at all due to major surgery. If they take an average my earnings look low, but if they work it out based on last year then it looks ok. I’ve included medical records etc, and I only need a relatively small mortgage 21% LTV. But who knows, I’m at the mercy of Santander and anxious 

I'm sure you will be OK our MB was very confident they will only go off latest earnings as long as you have been trading for 3 year good luck 

Katemb94

MatthewB21 said:

mowgliisaG said:

cherryx3x3 said:

So happy to see its at 26th! Good luck to everyone else who has been waiting too.

For the people who have had offers, how quick did you hear when you hit the top of the pile? 

I got to the top on Monday, broker confirmed offer approved Monday morning..but is now at the mortgage processing centre where they match documentation upto the valuation and do admin to send offer out...4 day queue there...

We got the text through today so hopefully you won’t have long! 

Congratulations 

Katemb94

missusaitch83 said:

Just had an email from our broker and mortgage has been approved, just waiting for offer to come through! So relieved! Good luck to everyone else waiting🤞🏻

Congratulations.
Could I ask your situation again please 

prozac321

Santander reduced their rates slightly a few weeks back, do you stick to the rates on the application or do they get adjusted downwards automatically?

Meh123

prozac321 said:

Santander reduced their rates slightly a few weeks back, do you stick to the rates on the application or do they get adjusted downwards automatically?

It’s what the rate was when you applied.

mowgliisaG

MatthewB21 said:

mowgliisaG said:

cherryx3x3 said:

So happy to see its at 26th! Good luck to everyone else who has been waiting too.

For the people who have had offers, how quick did you hear when you hit the top of the pile? 

I got to the top on Monday, broker confirmed offer approved Monday morning..but is now at the mortgage processing centre where they match documentation upto the valuation and do admin to send offer out...4 day queue there...

We got the text through today so hopefully you won’t have long! 

Amazing mate..how many days were you in the mortgage processing centre in total? 

85c

MatthewB21 said:

mowgliisaG said:

cherryx3x3 said:

So happy to see its at 26th! Good luck to everyone else who has been waiting too.

For the people who have had offers, how quick did you hear when you hit the top of the pile? 

I got to the top on Monday, broker confirmed offer approved Monday morning..but is now at the mortgage processing centre where they match documentation upto the valuation and do admin to send offer out...4 day queue there...

We got the text through today so hopefully you won’t have long! 

Congratulations 

MatthewB21

mowgliisaG said:

MatthewB21 said:

mowgliisaG said:

cherryx3x3 said:

So happy to see its at 26th! Good luck to everyone else who has been waiting too.

For the people who have had offers, how quick did you hear when you hit the top of the pile? 

I got to the top on Monday, broker confirmed offer approved Monday morning..but is now at the mortgage processing centre where they match documentation upto the valuation and do admin to send offer out...4 day queue there...

We got the text through today so hopefully you won’t have long! 

Amazing mate..how many days were you in the mortgage processing centre in total? 

Just yesterday so probably not even 12 hours.

missusaitch83

Katemb94 said:

missusaitch83 said:

Just had an email from our broker and mortgage has been approved, just waiting for offer to come through! So relieved! Good luck to everyone else waiting🤞🏻

Congratulations.
Could I ask your situation again please 

Sure! Both employed, did Help to Buy. Application went in 19th October 

Meh123

missusaitch83 said:

Katemb94 said:

missusaitch83 said:

Just had an email from our broker and mortgage has been approved, just waiting for offer to come through! So relieved! Good luck to everyone else waiting🤞🏻

Congratulations.
Could I ask your situation again please 

Sure! Both employed, did Help to Buy. Application went in 19th October 

Congrats lovely! 🙌🏻🙌🏻