Santander mortgage timeline

AnnexeRegular

First time poster here. 

This is my timeline so far:

13/03 Offer put in
15/03 DIP
17/03 Offer accepted
22/03 Full mortgage application
22/03 Santander hard credit search
23/03 Text from Santander about receiving my application
24/03 Valuation booked in for 26/03

Just waiting for the valuation results to come back after Friday now. I am slightly concerned as there were 3 other offers on the property that were made from viewings on the same day, so I had to go £5000 above the asking price, but it's nothing too steep hopefully. I'm hoping there aren't any unforseen issues as I have good credit and i'm in a secure full time job.

031192vy353

AnnexeRegular said:

First time poster here. 

This is my timeline so far:

13/03 Offer put in
15/03 DIP
17/03 Offer accepted
22/03 Full mortgage application
22/03 Santander hard credit search
23/03 Text from Santander about receiving my application
24/03 Valuation booked in for 26/03

Just waiting for the valuation results to come back after Friday now. I am slightly concerned as there were 3 other offers on the property that were made from viewings on the same day, so I had to go £5000 above the asking price, but it's nothing too steep hopefully. I'm hoping there aren't any unforseen issues as I have good credit and i'm in a secure full time job.

Very similar timeline to me.
15/03 dip approved 

17/03 Santander received full application

18/03 Documents requested

18/03 Valuation instructed

22/03 application with underwriters

22/03 more documents requested

23/03 Valuation completed

Just waiting on this month's payslip that isn't available to Monday then hoping to get our offer 🤞🤞

z060291

Hi! We submitted our application through MB Monday night. Text from Santander to confirm application (16/03) We haven’t had any update so far but I’m guessing we’ll just know soon as our MB has the decision. We’ve gone with Santander because stupidly my partner put a huge bet on in January (never done this before) and my MB advised it would look bad on his statement. Apparently Santander and Halifax aren’t currently requesting statements to apply but there is always the risk they may request them at underwriting stage. We’ve submitted 3 months statements and payslips to MB as they always ask for this just incase but praying Santander will accept based on payslips and credit score. Best of luck anyone and let’s hope we have our answers soon 🤞🏼🤞🏼🤞🏼

031192vy353

z060291 said:

Hi! We submitted our application through MB Monday night. Text from Santander to confirm application (16/03) We haven’t had any update so far but I’m guessing we’ll just know soon as our MB has the decision. We’ve gone with Santander because stupidly my partner put a huge bet on in January (never done this before) and my MB advised it would look bad on his statement. Apparently Santander and Halifax aren’t currently requesting statements to apply but there is always the risk they may request them at underwriting stage. We’ve submitted 3 months statements and payslips to MB as they always ask for this just incase but praying Santander will accept based on payslips and credit score. Best of luck anyone and let’s hope we have our answers soon 🤞🏼🤞🏼🤞🏼

exactly same as us. Partner has quite a lot of betting transactions on his bank statements. 🤞 So far they've only asked for my bank statements as proof of child benefit for our little girl. 

AnnexeRegular

AnnexeRegular said:

First time poster here. 

This is my timeline so far:

13/03 Offer put in
15/03 DIP
17/03 Offer accepted
22/03 Full mortgage application
22/03 Santander hard credit search
23/03 Text from Santander about receiving my application
24/03 Valuation booked in for 26/03

Just waiting for the valuation results to come back after Friday now. I am slightly concerned as there were 3 other offers on the property that were made from viewings on the same day, so I had to go £5000 above the asking price, but it's nothing too steep hopefully. I'm hoping there aren't any unforseen issues as I have good credit and i'm in a secure full time job.

25/03 MB informed me that my mortgage offer has been accepted pending valuation tomorrow!

This has all moved faster than i'd imagined!

AnnexeRegular

031192vy353 said:

AnnexeRegular said:

First time poster here. 

This is my timeline so far:

13/03 Offer put in
15/03 DIP
17/03 Offer accepted
22/03 Full mortgage application
22/03 Santander hard credit search
23/03 Text from Santander about receiving my application
24/03 Valuation booked in for 26/03

Just waiting for the valuation results to come back after Friday now. I am slightly concerned as there were 3 other offers on the property that were made from viewings on the same day, so I had to go £5000 above the asking price, but it's nothing too steep hopefully. I'm hoping there aren't any unforseen issues as I have good credit and i'm in a secure full time job.

Very similar timeline to me.
15/03 dip approved 

17/03 Santander received full application

18/03 Documents requested

18/03 Valuation instructed

22/03 application with underwriters

22/03 more documents requested

23/03 Valuation completed

Just waiting on this month's payslip that isn't available to Monday then hoping to get our offer 🤞🤞

Good luck with the offer!

z060291

031192vy353 said:

z060291 said:

Hi! We submitted our application through MB Monday night. Text from Santander to confirm application (16/03) We haven’t had any update so far but I’m guessing we’ll just know soon as our MB has the decision. We’ve gone with Santander because stupidly my partner put a huge bet on in January (never done this before) and my MB advised it would look bad on his statement. Apparently Santander and Halifax aren’t currently requesting statements to apply but there is always the risk they may request them at underwriting stage. We’ve submitted 3 months statements and payslips to MB as they always ask for this just incase but praying Santander will accept based on payslips and credit score. Best of luck anyone and let’s hope we have our answers soon 🤞🏼🤞🏼🤞🏼

exactly same as us. Partner has quite a lot of betting transactions on his bank statements. 🤞 So far they've only asked for my bank statements as proof of child benefit for our little girl. 

Ahhhh fingers crossed we’re on the same track as you then!! So have you only got to submit one more document and then you should know the outcome? Roll on Monday for you!! 🤞🏼

031192vy353

z060291 said:

031192vy353 said:

z060291 said:

Hi! We submitted our application through MB Monday night. Text from Santander to confirm application (16/03) We haven’t had any update so far but I’m guessing we’ll just know soon as our MB has the decision. We’ve gone with Santander because stupidly my partner put a huge bet on in January (never done this before) and my MB advised it would look bad on his statement. Apparently Santander and Halifax aren’t currently requesting statements to apply but there is always the risk they may request them at underwriting stage. We’ve submitted 3 months statements and payslips to MB as they always ask for this just incase but praying Santander will accept based on payslips and credit score. Best of luck anyone and let’s hope we have our answers soon 🤞🏼🤞🏼🤞🏼

exactly same as us. Partner has quite a lot of betting transactions on his bank statements. 🤞 So far they've only asked for my bank statements as proof of child benefit for our little girl. 

Ahhhh fingers crossed we’re on the same track as you then!! So have you only got to submit one more document and then you should know the outcome? Roll on Monday for you!! 🤞🏼

That's what we are are hoping for anyway!! Underwriters asked us for quite a bit more information regarding a few things so I'm hoping my payslip on Monday will be everything for them but who knows! 

Bob456

031192vy353 said:

Bob456 said:

Our timeline 

AIP & Full application submitted – 5/11/20

Valuation instructed 5/11/20

 Underwriter Queue 5/11/20

 Information/Doc Requested 9/11/20

 Back to Underwriter Queue 9/11/20

 More Information/Doc Requested 11/11/20

 Back to Underwriter Queue 13/11/20

 Valuation Received 13/11/20

 More Information/Doc Requested 10/12/20

 Back to Underwriter Queue 18/12/20

 More Information/Doc Requested 8/01/21

 Back to Underwriter Queue 12/01/21

 More Information/Doc Requested 20/01/21

 Back to Underwriter Queue 27/01/21

 Mortgage offer Issued 02/02/21

 Initial Exchange 26/2

 Completion delayed 10 days due to vendor’s packers & mover’s non-availability. Completing next week. 

You seemed to have a few requested documents. Are you self employed or employed, on furlough. Or why did they keep coming back and forward asking for more documents each time

I have a limited company, as a director I will come under self employed, my wife employed and  got shares in my company too. during  Christmas time and the time we applied most Banks tighten there lending criteria, so they wanted to see we are worth to pay back our mortgage ;-)

031192vy353

Bob456 said:

031192vy353 said:

Bob456 said:

Our timeline 

AIP & Full application submitted – 5/11/20

Valuation instructed 5/11/20

 Underwriter Queue 5/11/20

 Information/Doc Requested 9/11/20

 Back to Underwriter Queue 9/11/20

 More Information/Doc Requested 11/11/20

 Back to Underwriter Queue 13/11/20

 Valuation Received 13/11/20

 More Information/Doc Requested 10/12/20

 Back to Underwriter Queue 18/12/20

 More Information/Doc Requested 8/01/21

 Back to Underwriter Queue 12/01/21

 More Information/Doc Requested 20/01/21

 Back to Underwriter Queue 27/01/21

 Mortgage offer Issued 02/02/21

 Initial Exchange 26/2

 Completion delayed 10 days due to vendor’s packers & mover’s non-availability. Completing next week. 

You seemed to have a few requested documents. Are you self employed or employed, on furlough. Or why did they keep coming back and forward asking for more documents each time

I have a limited company, as a director I will come under self employed, my wife employed and  got shares in my company too. during  Christmas time and the time we applied most Banks tighten there lending criteria, so they wanted to see we are worth to pay back our mortgage ;-)

Yes sounds likely then. I'm sure you're relieved that everything is approved. I'm hoping to get that text message over the weekend 🙏