Santander mortgage timeline

rini94

Congrats @boop99
Seeing as ours was submitted on the 1st I'm hoping we'll hear back by the end of the week. My mortgage advisor seems confident we should get good news soon.

Was it just straight accepted or subject to valuation? I mentioned the valuation to my mortgage advisor and he said a lot of places are just doing desktop valuations now (i.e. not actually visiting the properties at all).

watch3r

rini94 said:

Congrats @boop99
Seeing as ours was submitted on the 1st I'm hoping we'll hear back by the end of the week. My mortgage advisor seems confident we should get good news soon.

Was it just straight accepted or subject to valuation? I mentioned the valuation to my mortgage advisor and he said a lot of places are just doing desktop valuations now (i.e. not actually visiting the properties at all).

Depends on lender and type of property.
if it’s new build it’s highly likely you will get normal valuation. 

boop99

Awaiting valuation but as new build should be fairly straight forward  

[Deleted User]

Im applying for a 75% BTL tomorrow with Santander via a broker. Im retired with a Gov pension and the house Im getting is a bargain as the owners want a very quick sale, no chain.

Im hoping on a desk top so its quicker. House is vacant as owner gone into care. 

[Deleted User]

https://www.santanderforintermediaries.co.uk/submit-and-track-business/our-service-levels/

Looking pretty good on their presumably straightforward cases 

minttie

From 19/05 to 20/07 finally got the offer but it expires on 30/11/2020

izoomzoom

minttie said:

From 19/05 to 20/07 finally got the offer but it expires on 30/11/2020

Congrats. Do you have a property?
We had a Q today, about why one year's SE income was lower than the other years. Don't know where we are with regards to credit checks, affordability, valuation or underwriting, but I'll follow up with MA on Friday if we haven't heard anything.

Nuni0604

minttie said:

From 19/05 to 20/07 finally got the offer but it expires on 30/11/2020

Similar position for me in terms of offer date and expiry date...since turns out the seller of my property needs to delay until mid December 🙄

do you need to extend the offer?

minttie

Nuni0604 said:

Similar position for me in terms of offer date and expiry date...since turns out the seller of my property needs to delay until mid December 🙄

do you need to extend the offer?

izoomzoom said:

Congrats. Do you have a property?

Thanks. We are waiting for a new build currently at 90% completion estimated to complete in September so hopefully it will work out for us.

izoomzoom

rini94 said:

Was it just straight accepted or subject to valuation? I mentioned the valuation to my mortgage advisor and he said a lot of places are just doing desktop valuations now (i.e. not actually visiting the properties at all).

I found out today, that our valuation was done on the same day we submitted (at 1445 hrs). Not a new build.