Santander mortgage timeline

85c

Mani_London said:

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. 

Someone else on here said they didn’t have another credit check either. I think u will be fine. 

Lupilu12

The waiting is so hard! Our valuation was completed on 24th, old & incorrect paperwork was submitted which resulted in a decline. Spoke to MA who resubmitted the correct paperwork, told on Wednesday we should hear by today... still no word 😖

samster1

Just wondering if anyone's offer is a different rate from what they applied for? 

Mani_London

Lupilu12 said:

The waiting is so hard! Our valuation was completed on 24th, old & incorrect paperwork was submitted which resulted in a decline. Spoke to MA who resubmitted the correct paperwork, told on Wednesday we should hear by today... still no word 😖

Hi Lupilu12: Best of luck. I hope you hear back next week. 

Mani_London

Hi samster1: Mine was same as mentioned in the mortgage illustration. 

samster1

Mani_London said:

Hi samster1: Mine was same as mentioned in the mortgage illustration. 

How long after the offer was issued did it take to receive it? 

StevenHunnid

Morning all, does anybody know if the mortgage is approved if I’ll get a text before the MB knows? 

My MB is on leave for a couple of days but my application is at UW stage and should hear back Monday Tuesday so just curious.

MK31

StevenHunnid said:

Morning all, does anybody know if the mortgage is approved if I’ll get a text before the MB knows? 

My MB is on leave for a couple of days but my application is at UW stage and should hear back Monday Tuesday so just curious.

We received a text and email on the Friday at 5.30pm. Our MB contacted us on Monday.

MK31

samster1 said:

Mani_London said:

Hi samster1: Mine was same as mentioned in the mortgage illustration. 

How long after the offer was issued did it take to receive it? 

We received our offer by email and text on a Friday evening and received our paperwork the following Saturday. Our MB and solicitors received their copies way before we did.

StevenHunnid

MK31 said:

StevenHunnid said:

Morning all, does anybody know if the mortgage is approved if I’ll get a text before the MB knows? 

My MB is on leave for a couple of days but my application is at UW stage and should hear back Monday Tuesday so just curious.

We received a text and email on the Friday at 5.30pm. Our MB contacted us on Monday.

Thanks for the info! Such anxious times, not knowing if they’re going to ask for more info etc etc 😅