Santander mortgage timeline

85c

mowgliisaG said:

85c said:

Official offer in from Santander. They did a desk top valuation! 

Amazinggg...Congratulations xxx

Thank you xxx

Alvin5

Hi!  Everyone 

 Is anyone has similar problems? I have already wait 7 weeks and still have not receive the decision.  MB called Santander and was advised that there is no specific timescale for compliance team getting a decision regarding overseas gift deposit. Feel So frustrated without knowing when Santander will get back to me. Will it take another one month waiting? Single applicant-a  full time employee 70%  BTL mortgage. 

NatNat77

85c said:

Official offer in from Santander. They did a desk top valuation! 

Yesssss! So happy for you! Now breathe 😆 xx

ka86ftb

85c said:

Official offer in from Santander. They did a desk top valuation! 

Woooooo yaaaay - you can breathe  again. Congratulations 👏 👍 

BMRB

Jimwaz18 said:

Just an update we have had our formal mortgage offer today from Halifax and we applied on Wednesday 13th same day all income verified with hard credit searches. The next day 14th desk top valuation done then today 15th full Mortgage. It took 3 days compared to Santander which we applied on the 16th October and they still haven’t seen our appeal yet haha. My advise to people being messed about by Santander is go to Halifax 

Exactly the same with us, under 48 hours from AIP to full offer with Halifax, Santander 6 weeks and still no response to our appeal. See ya laters Santander :-D

moxxey

6 weeks now and I'm still waiting on a Santander decision. Becoming very frustrating as my house builder (new build) offer a cash back incentive to push through the completion before 31 January!

The strange thing about Santander for me is that they appear to ask a few questions, you submit your answers and then wait at least another week....for more questions. Why can't they submit everything they want to ask in one single document, then you get everything you need together and submit your reply.

I'm getting silly questions such as "why haven't you paid your end of year tax bill yet?" (as it's due 31 January?) and, a week later, "can you show us you have the funds to cover the unpaid tax bill?" (why couldn't they have asked that with the original question).

Anyone else still waiting?

85c

moxxey said:

6 weeks now and I'm still waiting on a Santander decision. Becoming very frustrating as my house builder (new build) offer a cash back incentive to push through the completion before 31 January!

The strange thing about Santander for me is that they appear to ask a few questions, you submit your answers and then wait at least another week....for more questions. Why can't they submit everything they want to ask in one single document, then you get everything you need together and submit your reply.

I'm getting silly questions such as "why haven't you paid your end of year tax bill yet?" (as it's due 31 January?) and, a week later, "can you show us you have the funds to cover the unpaid tax bill?" (why couldn't they have asked that with the original question).

Anyone else still waiting?

Are you SE? I know it’s frustrating but you are looking between 8-12 weeks if you are SE for an answer. I feel for u. I hope they come back to you soon. 

answ

Have been watching this thread for a couple of weeks.  We seem to have had a much more positive experience.  Submitted on 4th Jan via mortgage broker, valuation done on 11th Jan.  Offer issued today 18th Jan.  2 weeks from submittal to offer.  Neither of us are SE, 60% LTV

Emac30

moxxey said:

6 weeks now and I'm still waiting on a Santander decision. Becoming very frustrating as my house builder (new build) offer a cash back incentive to push through the completion before 31 January!

The strange thing about Santander for me is that they appear to ask a few questions, you submit your answers and then wait at least another week....for more questions. Why can't they submit everything they want to ask in one single document, then you get everything you need together and submit your reply.

I'm getting silly questions such as "why haven't you paid your end of year tax bill yet?" (as it's due 31 January?) and, a week later, "can you show us you have the funds to cover the unpaid tax bill?" (why couldn't they have asked that with the original question).

Anyone else still waiting?

Yes this is the bit that I have found very frustrating about them. We are both employed and have had the same experience. Endless questions that seem like they could have been asked in one go. 

moxxey

85c said:

moxxey said:

6 weeks now and I'm still waiting on a Santander decision. Becoming very frustrating as my house builder (new build) offer a cash back incentive to push through the completion before 31 January!

The strange thing about Santander for me is that they appear to ask a few questions, you submit your answers and then wait at least another week....for more questions. Why can't they submit everything they want to ask in one single document, then you get everything you need together and submit your reply.

I'm getting silly questions such as "why haven't you paid your end of year tax bill yet?" (as it's due 31 January?) and, a week later, "can you show us you have the funds to cover the unpaid tax bill?" (why couldn't they have asked that with the original question).

Anyone else still waiting?

Are you SE? I know it’s frustrating but you are looking between 8-12 weeks if you are SE for an answer. I feel for u. I hope they come back to you soon. 

Yes, but made sure credit was completely clean, I have a decent deposit (approx 64% LTV) and it's a new build, so the survey ought to be straightforward (as they can show other builds which were sold in the same area for the same price).
I was told by my broker that today was likely to be decision day as it's 8 working days since they last asked a bunch of questions - nothing come through at all. My application is still in the underwriting queue, after 8 workin days!