Santander mortgage timeline

Josephgousto

Josephgousto said:

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!

 Was informed today that our purchase was valued at the price we offered! Now awaiting our mortgage offer and proceed with the next steps.

RA2021

@josephgousto at what point did it go for underwriting?

Josephgousto

@RA2021 valuation was done on the 25th, then passed to underwriters on 26th. apparently Santander is currently dealing with Feb 25th, so hoping to hear tomorrow!

RA2021

@josephgousto good luck! My underwriting was done last Thursday and valuation was instructed on 23/2. I’m now waiting to hear back.  

Lbong

RA2021 said:

Hi, my valuation was instructed and passed to underwriting on the same day, does this mean valuation was fine? Thanks.

I’m probably not the best person to advise but ours was the same so I’m hoping it means what you have suggested however I have no idea! 

RA2021

Lbong said:

RA2021 said:

Hi, my valuation was instructed and passed to underwriting on the same day, does this mean valuation was fine? Thanks.

I’m probably not the best person to advise but ours was the same so I’m hoping it means what you have suggested however I have no idea! 

@Lbong Has your application been approved?

Lbong

RA2021 said:

Lbong said:

RA2021 said:

Hi, my valuation was instructed and passed to underwriting on the same day, does this mean valuation was fine? Thanks.

I’m probably not the best person to advise but ours was the same so I’m hoping it means what you have suggested however I have no idea! 

@Lbong Has your application been approved?

It hasn’t yet no. Very nervous, they asked the MA for more info on Friday including why I had a default in 2017 - what happened for it to occur etc. They were aware of this as the MA mentioned it on the application for a DIP. Still im quite scared that it could get turned down because of this. 

It’s so stressful isn’t it! 

RA2021

I had some queries come back from the underwriter, all was resolved last Thursday.  From DIP to underwriting it was swift but now waiting, stressed and anxious about the outcome.

Lbong

RA2021 said:

I had some queries come back from the underwriter, all was resolved last Thursday.  From DIP to underwriting it was swift but now waiting, stressed and anxious about the outcome.

It’s strange that they don’t seem to do it in a set order for applicants? Everyone’s timeline is totally different. I hope you get an outcome soon and I hope I know by the weekend so I can try to relax a bit. 

samster1

update 
Valuation has been instructed for the 5th time and for some reason they were phoning purple bricks estate agents to gain access to do the valuation when it's a private sale and asking Santander for more details. In order to speed things up  I ended up getting the seller to call the surveyors directly to book the appointment which has been booked for Wednesday so hopefully offer will be out Friday. 

I think if It had been sold through an estate agent then things would have been easier.