Santander mortgage timeline

lsim88

FtbEmz said:

Our application has been approved subject to a valuation on the 26th April! I’m so pleased! 

Congratulations 🎉 how did you find out?

rakoczigabi

rakoczigabi said:

Hi ,
This is my first post about this , I thought I’ll share my progress so far

18.03 : house viewed and offer accepted 
21.03 : DIP received from mortgage broker
23.03 :  Memorandum of sale paper received from solicitors
28.03 : paperwork submitted to Santander , also soft search appeared on credit report. 

And now i’m patiently waiting. 

The solicitor already started the searches on the 8th of April. 

Spoke with my mortgage broker and she said there’s no update yet. 

So I’m patiently waiting. Hopefully it will all go through smoothly. 

Still not much update for me from Santander. Got an email today from my broker and she said Santander is behind (???), so should hear something by next week. 
According to her the valuation has been done, but they still haven't made a decision. 

Still no hard search on my credit file, and I thought I have a nice and easy case  

FtbEmz

lsim88 said:

FtbEmz said:

Our application has been approved subject to a valuation on the 26th April! I’m so pleased! 

Congratulations 🎉 how did you find out?

Thank you. Our mortgage advisor emailed us today to let us know. He’s been brilliant. Application submitted on the 8th April. 

lsim88

I think they’re very behind atm. The service levels are not being updated much and they’re still working on documents from the 9th!

Cookie211

Rowethren said:

Just received the text confirming our mortgage offer. I can't believe how quick that was! The timeline ended up being:


07/04/2021 - MiP/soft credit check
08/04/2021 - Full application/ hard credit check/ told by MA that application was accepted subject to valuation.
12/04/2021 - Remote valuation/ handover to underwriters 
13/04/2021 - Text confirming offer at 11:12.

So happy! Now the race is on to beat the stamp duty holiday. 

Congratulations 🥳 

Cookie211

well the seller has taken the house off the market 😭😭😭 we have been approved the full mortgage so just got to find another bloody house now, every estate agent I’m ringing for a viewing,the houses have just been sold 😭😭 don’t know whether to laugh or cry 😢 

lsim88

Cookie211 said:

well the seller has taken the house off the market 😭😭😭 we have been approved the full mortgage so just got to find another bloody house now, every estate agent I’m ringing for a viewing,the houses have just been sold 😭😭 don’t know whether to laugh or cry 😢 

Sorry to hear this! When you find another property will you have to go through the application process again as they instruct the valuation on the property etc? 

Pepod

Is there supposed to be a standard order things are completed in? From reading this thread it seems to be all over the place as to when valuations, searches, document checks etc are completed. Like I see people with valuations done but haven't had a credit check done yet, or people that have mortgages agreed subject to valuations etc.

Ours so far is:

01/04 Full application & hard check done.
02/04 Valuation instructed
12/04 Valuation report received

So I don't know whether they have even looked at documents etc yet.

FtbEmz

Cookie211 said:

well the seller has taken the house off the market 😭😭😭 we have been approved the full mortgage so just got to find another bloody house now, every estate agent I’m ringing for a viewing,the houses have just been sold 😭😭 don’t know whether to laugh or cry 😢 

Oh no! I’m so sorry. When I read before you said they were taking it off, I thought they may have changed their mind as wasn’t your application approved the same they said they were going to take it off? Why have they taken it off?

FtbEmz

Pepod said:

Is there supposed to be a standard order things are completed in? From reading this thread it seems to be all over the place as to when valuations, searches, document checks etc are completed. Like I see people with valuations done but haven't had a credit check done yet, or people that have mortgages agreed subject to valuations etc.

Ours so far is:

01/04 Full application & hard check done.
02/04 Valuation instructed
12/04 Valuation report received

So I don't know whether they have even looked at documents etc yet.

Have you gone through a mortgage advisor? Ours was a pretty straightforward application. The place we’re buying is vacant, we have no chain, both have good credit scores and our mortgage advisor asked for lots of documents before submitting our application. Our timeline from what we’ve received today is as follows:

08/04 application received and valuation instructed. Santander also requested documents the same day (doesn’t say what documents but our advisor had all he needed to pass to them straight away)

12/04 Passed to underwriters and valuation booked for 26/4

13/04 Underwriter agreed mortgage and mortgage emailed to confirm mortgage approved subject to valuation. The agreed price is in line with other similar properties so I have no concerns regarding that