Santander mortgage timeline

hippocrates1

Mani_London said:

I believe you should receive the offer in a post soon. Congratulations 

Absolute madness

samster1

Mani_London said:

samster1 said:

Does anyone know the time scale of valuation to be completed and reported back to Santander my mortgage is now approved just waiting on the valuation. It was instructed on the 11th of feb. 

thanks 

Hi @samster1 our was instructed on 12th of Feb and we got the mortgage offer on 17th of feb. I am employed. so not sure whether this makes any difference or not. 

Thanks I called them today they said valuation was instructed on the 11th but as I submitted a home report that was just over 3 months old it seems to have held it up a little.  Hopefully the offer is through this week but to be honest its all moved very quickly so can't complain. 

Dean91

Hi everyone! Been following this thread for a while now, so I thought I would share my experience with you. 
I applied together with my partner for a residential mortgage (we're at our second try after being rejected by another lender) back in January. On the 26th the application was received by Santander. We went through a broker as the property we're buying is a shared ownership with the local council, so help to buy and all of that. Moreover we're both presently furloughed, but Santander said they would take us into consideration with a return to work letter, which we had. We were asked for additional documents on the 2nd, then answered their question about our job situation on the the 10th and after that it has been complete silence.
Communication with our broker has been difficult, she needs to be chased every now and then but now she hasn't been answering our emails for more than a week - as of today appears to be on leave (?!) - and we're just assuming it's going to be bad news when it comes. How does this timeline looks like? Do they send something directly to you when it's rejected or is it always through broker? Is there anything at all we could be doing right now? The wait is really not bearable anymore and time is also running out for the stamp duty holiday

85c

Dean91 said:

Hi everyone! Been following this thread for a while now, so I thought I would share my experience with you. 
I applied together with my partner for a residential mortgage (we're at our second try after being rejected by another lender) back in January. On the 26th the application was received by Santander. We went through a broker as the property we're buying is a shared ownership with the local council, so help to buy and all of that. Moreover we're both presently furloughed, but Santander said they would take us into consideration with a return to work letter, which we had. We were asked for additional documents on the 2nd, then answered their question about our job situation on the the 10th and after that it has been complete silence.
Communication with our broker has been difficult, she needs to be chased every now and then but now she hasn't been answering our emails for more than a week - as of today appears to be on leave (?!) - and we're just assuming it's going to be bad news when it comes. How does this timeline looks like? Do they send something directly to you when it's rejected or is it always through broker? Is there anything at all we could be doing right now? The wait is really not bearable anymore and time is also running out for the stamp duty holiday

You can ring Santander direct, we did that as our broker was useless. They did update us. They will tell you if you have been declined. Otherwise it’s waiting for broker. 

Dean91

That's great advice, thank you! Is there a specific number for that? 

85c

Dean91 said:

That's great advice, thank you! Is there a specific number for that? 

No we just googled it. Good luck. 

Bob456

85c said:

Hi everyone, completed today, after 9 months! It nearly destroyed us but we got there! Same as @Jwoffy no additional checks done! Good luck everyone. 

Congratulations

samster1

I've now had two valuations cancelled due to the home report being slightly past the 3 months limit 
Spoke to santander tonight and they have said that the will raise again with case manager and add the details not to cancel this and explain. 
I'm wondering if I'm going to be quicker paying for a retype of the home report and resubmitting? 

Anyone had this?  Advice appreciated! 

moxxey

Bob456 said:

85c said:

Hi everyone, completed today, after 9 months! It nearly destroyed us but we got there! Same as @Jwoffy no additional checks done! Good luck everyone. 

Congratulations

Me too. I completed last Friday. Self-employed, first applied 12 December, finally completed 19 February. Ironically my broker did warn of 'expect 8 weeks' from when we applied and he was spot-on.

Like @85c, I was surprised to find they didn't run a further check prior to completion. Nothing showing up on my credit file since the original hard check in December.

Josephgousto

Hi everyone!
Been reading on this thread for a while, here´s our timeline so far:

• Offer made and accepted on the house we want 9/02
• Offer received and accepted on our house 20/02
• Solicitors Instructed 22/02
• Solicitor gave us our fixtures and fittings form for purchase and sale questionnaires 22/02
• Mortgage application submitted to Santander 23/02
• Valuation booked 24/02
• Valuation carried out 25/02
• My buyers valuation carried out 25/02

Very excited about everything!