Santander mortgage timeline

samster1

Mani_London said:

Hi MK31: It should be there in a day or so. Chase your solicitor as well whether they have received it or not

I spoke to my solicitor earlier and got told they couldn't do anything till the received the offer. 

Mani_London

samster1 said:

I spoke to my solicitor earlier and got told they couldn't do anything till the received the offer. 

Hi samster1: I mean if they havent received it means your is not lost in the post. wait till tomorrow and then call bank to post it again. 

hippocrates1

MK31 said:

Hi everyone how long does it usually take to get the offer paperwork in the post? We have been waiting since Friday.

Mine took five days

MK31

Atleast the majority of us don't have to worry about the stamp duty exemption now which is a relief!

RA2021

An update on my application:

AIP 22/2 soft credit check

23/2 application submitted

23/2 underwriter and valuation instructed.  

25/2 queries answered 

1/3 credit check

2/4 queries answered

4/3 underwriting agreed subject to valuation.

There hasn’t been any contact with the Valuer. Normally how long does it take?

RA2021

RA2021 said:

An update on my application:

AIP 22/2 soft credit check

23/2 application submitted

23/2 underwriter and valuation instructed.  

25/2 queries answered 

1/3 credit check

2/4 queries answered

4/3 underwriting agreed subject to valuation.

There hasn’t been any contact with the Valuer. Normally how long does it take?

All done! Now waiting for the offer😀

samster1

I have came across many articles on the Internet about santander withdrawing offers on completion day. I thought this would be a rare occurance but it seems its quite regular. 
Can anyone Confirm how likely it would be that santander withdraw the offer as I'm worrying myself sick about it now. I have been completly honest with everything and hope all will go through. 
Surely there should be a law to protect us buyers from financial collapse. 

Mani_London

samster1 said:

I have came across many articles on the Internet about santander withdrawing offers on completion day. I thought this would be a rare occurance but it seems its quite regular. 
Can anyone Confirm how likely it would be that santander withdraw the offer as I'm worrying myself sick about it now. I have been completly honest with everything and hope all will go through. 
Surely there should be a law to protect us buyers from financial collapse. 

Hi samster1: I have read such horror stories as well. I am due to complete next weekend as well. My solicitor has a written confirmation from bank that they will release the funds on the specific date.
I think for bank to withdraw offer is subject to person doing a mortgage fraud or if their circumstances changed substantially. Finger crossed. When are you suppose to complete. 

85c

samster1 said:

I have came across many articles on the Internet about santander withdrawing offers on completion day. I thought this would be a rare occurance but it seems its quite regular. 
Can anyone Confirm how likely it would be that santander withdraw the offer as I'm worrying myself sick about it now. I have been completly honest with everything and hope all will go through. 
Surely there should be a law to protect us buyers from financial collapse. 

I also read this, the stress from exchange to completion was awful, I was so worried this would happen. I believe this only happens if something flagged on your credit score, or if your situation changed, so basically make sure you pay everything on time and don’t take any credit out. We completed on our house and rented the house we were buying for a month, we didn’t even cancel our bills on the old house we just kept paying everything so there would chance of late payments. Santander never actually did a credit check before we completed. 

Mani_London

85c said:

I also read this, the stress from exchange to completion was awful, I was so worried this would happen. I believe this only happens if something flagged on your credit score, or if your situation changed, so basically make sure you pay everything on time and don’t take any credit out. We completed on our house and rented the house we were buying for a month, we didn’t even cancel our bills on the old house we just kept paying everything so there would chance of late payments. Santander never actually did a credit check before we completed. 

Hi 85c: True. I am spending very less (not even my weekly grocery shopping) on my credit card etc as well. But still this fear is really daunting. I am not going to apply for any credit but it is good to know they don't do a credit check at completion. Salary been paid for February and the only DD left to go is my credit card bill which will go out on 10th. Fingers crossed.