Santander mortgage timeline

lg220701

Quick question for those of you who are nearly near the end.

My full application and supporting documents were submitted 08/04 and hard searches carried out. We have had an update today that a valuation has been booked for 22/04 and they are working their way through the underwriting process.

is booking a valuation a good sign? Or it this just standard protocol? Think I have been doing too much googling and reading about people being declined.

Also, if we get an offer, will this be after the valuation?

Cookie211

The seller have pulled out of the house 😭😭 my broker is on phone to the estate agent to see what he can do as the sellers house they are buying have fallen through and he’s saying we are taking ages 😭😭 not our fault it’s taking soooo long, fingers the seller changes his mind or we screwed 

Drew8989

Oh no so sorry! Fingers crossed they change their minds x

lsim88

Cookie211 said:

The seller have pulled out of the house 😭😭 my broker is on phone to the estate agent to see what he can do as the sellers house they are buying have fallen through and he’s saying we are taking ages 😭😭 not our fault it’s taking soooo long, fingers the seller changes his mind or we screwed 

Need to get on the phone to Santander now! Taking too long is now causing you to potentially lose your sale!

Cookie211

lsim88 said:

Cookie211 said:

The seller have pulled out of the house 😭😭 my broker is on phone to the estate agent to see what he can do as the sellers house they are buying have fallen through and he’s saying we are taking ages 😭😭 not our fault it’s taking soooo long, fingers the seller changes his mind or we screwed 

Need to get on the phone to Santander now! Taking too long is now causing you to potentially lose your sale!

My broker is on it, waiting for him to call me bk,been 2 hours since I spoke to him 😭😭

Rowethren

Thanks for the info everyone. Just had confirmation that the valuation should be done today so hopefully we might hear something from the underwriters by the end of the week. Will probably just be a request for more documentation though lol... 

peacetrustlove

Cookie211 said:

The seller have pulled out of the house 😭😭 my broker is on phone to the estate agent to see what he can do as the sellers house they are buying have fallen through and he’s saying we are taking ages 😭😭 not our fault it’s taking soooo long, fingers the seller changes his mind or we screwed 

Oh no. So sorry to hear this. Hope things turn around fingers crossed 🤞 

peacetrustlove

lg220701 said:

Quick question for those of you who are nearly near the end.

My full application and supporting documents were submitted 08/04 and hard searches carried out. We have had an update today that a valuation has been booked for 22/04 and they are working their way through the underwriting process.

is booking a valuation a good sign? Or it this just standard protocol? Think I have been doing too much googling and reading about people being declined.

Also, if we get an offer, will this be after the valuation?

Booking a valuation is a good sign that you are in the running. Offers are always after valuation. And yes, one can get declined or get a slightly lower offer after underwriting is complete. It’s a very anxious process and we are in our 6th week now, but that’s owing to being self employed and a slightly complex case. 

Hope things go swift and smooth for you. Stop googling and just carry on with your life. Eat lots of ice cream and chocolates if that helps 😂😂 

lsim88

Our MB has got back to us and advised Santander are not budging on the maximum loan they will offer so need a larger deposit. The bathroom will have the wait! But she told us we should defo have our offer within 2 days! 

Cookie211

i really don’t understand how Santander updates there page saying they on the 9th April for the underwriters and my broker answered a question for me on the 7th and we still waiting, so confusing surly we should have a answer by now