Santander mortgage timeline

ubayd95

funky1471 said:

ubayd95 said:

Cookie211 said:

ubayd95 said:

Cookie211 said:

ubayd95 said:

Hi all,

Interesting thread, so many mixed processes going on.

I had to change the property I was initially going for as the EWS1 came back as B2 and no bank will lend on such.

I had my mortgage broker change the property via a substitute property form on the 13th of April (a week today).

Yesterday I was told the case was back at underwriters due to increases borrowing (10,000 extra).

Does anyone know how long they will take to agree it all and instruct the survey?

Hi sorry I don’t know but we are going through a similar situation, our seller pulled out and there is no houses available with our mortgage agreement,we have a viewing tonight but it’s a extra £40,000, if we fall in love with the house then we will have to go bk to the underwriters to see if they would lend us the extra, can’t believe how fast houses are selling and going way over the asking price 

Hi, 

I kind of know how that feels. My underwriting was done the first time round and everything checked out. Santander agreed to lend, but due to the fire safety I had to pull out.

I got hold of my MBs assistant today as he is off, and was told we should hear something tomorrow as it's been on the underwriters desk since Monday.

Guide price on the flat was 250-275k, I've gone in at 275k cause I really want it and have already wasted 3 months on the last property. I hope it doesn't get down valued for when it comes to the survey.

But speaking a lot of people, they have mentioned this should be fine. Property was recently decorated, with a nice bathroom and new carpets throughout.

Sounds like u will be ok, we have another viewing soon as the house isn’t on market yet but we have first viewing but don’t mean anything as it’s like a bidding war out there lol if we like I will put the full asking price in so fingers crossed for us all 

I have no clue, Santander seem really slow at the moment - on their service levels it's gone from 2 days to 3 days. I still haven't heard anything. 

The estate agent I'm dealing with doesn't take the property off the market until their is a mortgage offer so anyone's game really. But the advantage I have is they have dealt with my broker in the past as the two EAs are couple doors away from each other. 

I feel like I need to hear something sooner, before the vendor starts getting worried. 

My mortgage broker went back to Santander at 2:45pm on the 20th with a query they had but still nothing ...

The seller isn't using Strike by any chance?

No its a local agency called Ashtons

Sierra_Juliette

Sierra_Juliette said:

Update for us:


20th April - application submitted
21st April - valuation instructed 

Hope it continues to move this fast 

Update today - valuation booked tor 5th May 

ubayd95

Sierra_Juliette said:

Sierra_Juliette said:

Update for us:


20th April - application submitted
21st April - valuation instructed 

Hope it continues to move this fast 

Update today - valuation booked tor 5th May 

Good news for you! Has you underwriting been done yet?

funky1471

ubayd95 said:

funky1471 said:

ubayd95 said:

Cookie211 said:

ubayd95 said:

Cookie211 said:

ubayd95 said:

Hi all,

Interesting thread, so many mixed processes going on.

I had to change the property I was initially going for as the EWS1 came back as B2 and no bank will lend on such.

I had my mortgage broker change the property via a substitute property form on the 13th of April (a week today).

Yesterday I was told the case was back at underwriters due to increases borrowing (10,000 extra).

Does anyone know how long they will take to agree it all and instruct the survey?

Hi sorry I don’t know but we are going through a similar situation, our seller pulled out and there is no houses available with our mortgage agreement,we have a viewing tonight but it’s a extra £40,000, if we fall in love with the house then we will have to go bk to the underwriters to see if they would lend us the extra, can’t believe how fast houses are selling and going way over the asking price 

Hi, 

I kind of know how that feels. My underwriting was done the first time round and everything checked out. Santander agreed to lend, but due to the fire safety I had to pull out.

I got hold of my MBs assistant today as he is off, and was told we should hear something tomorrow as it's been on the underwriters desk since Monday.

Guide price on the flat was 250-275k, I've gone in at 275k cause I really want it and have already wasted 3 months on the last property. I hope it doesn't get down valued for when it comes to the survey.

But speaking a lot of people, they have mentioned this should be fine. Property was recently decorated, with a nice bathroom and new carpets throughout.

Sounds like u will be ok, we have another viewing soon as the house isn’t on market yet but we have first viewing but don’t mean anything as it’s like a bidding war out there lol if we like I will put the full asking price in so fingers crossed for us all 

I have no clue, Santander seem really slow at the moment - on their service levels it's gone from 2 days to 3 days. I still haven't heard anything. 

The estate agent I'm dealing with doesn't take the property off the market until their is a mortgage offer so anyone's game really. But the advantage I have is they have dealt with my broker in the past as the two EAs are couple doors away from each other. 

I feel like I need to hear something sooner, before the vendor starts getting worried. 

My mortgage broker went back to Santander at 2:45pm on the 20th with a query they had but still nothing ...

The seller isn't using Strike by any chance?

No its a local agency called Ashtons

Oh okay was assuming Strike since we had a right battle with them getting the property to be marked Sold STC 😂 Their substantiation process is very repetitive and slow even once they have the evidence (but all got sorted in the end)

Maybe it's due to demand on the market they are being extra cautious. 

031192vy353

Our timeline so far. Back to the stressful time of waiting for underwriters, hoping this is finally it for us! 


15/03 dip approved

17/03 Santander received full application

18/03 Documents requested

18/03 physical valuation instructed for 23/03

22/03 application with underwriters

22/03 more documents requested

23/03 physical valuation completed

29/03 more documents sent

30/3 referred back to underwriters queue

31/03 query regarding furlough

31/03 back to underwriters queue

07/04 more documents uploaded

09/04 underwriter queue 

09/04 decision - mortgage on hold, awaiting April payslip.

21/04 April payslip submitted

23/04 payslip accepted. Back in underwriting queue 

ubayd95

031192vy353 said:

Our timeline so far. Back to the stressful time of waiting for underwriters, hoping this is finally it for us! 


15/03 dip approved

17/03 Santander received full application

18/03 Documents requested

18/03 physical valuation instructed for 23/03

22/03 application with underwriters

22/03 more documents requested

23/03 physical valuation completed

29/03 more documents sent

30/3 referred back to underwriters queue

31/03 query regarding furlough

31/03 back to underwriters queue

07/04 more documents uploaded

09/04 underwriter queue 

09/04 decision - mortgage on hold, awaiting April payslip.

21/04 April payslip submitted

23/04 payslip accepted. Back in underwriting queue 

That is crazy! 

I had my mortgage agreed, but then I had to change the property. We used payslips from Dec, Jan & Feb. March payslip wasn't requested even though we submitted the initial application in March.

No further documents have been requested as lending was agreed once already subject to survey, only lending 10k more now. (Substitute property from was submitted last Tuesday btw).

On Tuesday this week, they queried about ground rent and service charge - not applicable as the property is a maisonette and lease over 900 years (peppercorn). Broker went back on Tuesday but still no news.

Been told today it is still in the queue, and to reach out back on Monday.

This is getting a bit ridiculous now! You'd think of 4 months of property hunting you would be making some inroads, but looks like that isn't the case.

Wd85

I’ve just got a MIP today going to make a full application tonight.. did you all need to provide bank statements my LTV is 60% but I will need to request my bank statements as I don’t get them updated monthly on my app. 

031192vy353

ubayd95 said:

031192vy353 said:

Our timeline so far. Back to the stressful time of waiting for underwriters, hoping this is finally it for us! 


15/03 dip approved

17/03 Santander received full application

18/03 Documents requested

18/03 physical valuation instructed for 23/03

22/03 application with underwriters

22/03 more documents requested

23/03 physical valuation completed

29/03 more documents sent

30/3 referred back to underwriters queue

31/03 query regarding furlough

31/03 back to underwriters queue

07/04 more documents uploaded

09/04 underwriter queue 

09/04 decision - mortgage on hold, awaiting April payslip.

21/04 April payslip submitted

23/04 payslip accepted. Back in underwriting queue 

That is crazy! 

I had my mortgage agreed, but then I had to change the property. We used payslips from Dec, Jan & Feb. March payslip wasn't requested even though we submitted the initial application in March.

No further documents have been requested as lending was agreed once already subject to survey, only lending 10k more now. (Substitute property from was submitted last Tuesday btw).

On Tuesday this week, they queried about ground rent and service charge - not applicable as the property is a maisonette and lease over 900 years (peppercorn). Broker went back on Tuesday but still no news.

Been told today it is still in the queue, and to reach out back on Monday.

This is getting a bit ridiculous now! You'd think of 4 months of property hunting you would be making some inroads, but looks like that isn't the case.

Yeah we're getting fed up with our application process also. Just hoping that's us, it was all they wanted and the only reason our application got put on hold so fingers crossed

Cookie211

Been to see another house which we love more than the first but lender pulled out the day we had full mortgage offer, just put a offer on the new house so fingers crossed 🤞 

Wd85

Hi, I commented before to say I’m going to put an application through. I have just done this and been provisionally expected.. not sure what that means in mortgage world but hopefully I will get accepted! I have had to send one month payslip upto now.