Santander mortgage timeline

Wd85

031192vy353 said:

Sierra_Juliette said:

031192vy353 said:

MORTGAGE FINALLY APPROVED! 

Congratulations!!!!! 

I’m hoping to hear something tomorrow. Have you had your valuation? What’s your timeline since reopening your application? 

  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 Application reopened. Payslip accepted. Back in underwriting queue. 

27/04 Mortgage approved


Very very long 6 weeks for us with what should of been straight forward case but anyway. All done now thankfully 

Oh god, hope they don’t start asking me for more documents. I’ve only been asked for 1 month pay slip, ID and furlough. It’s painful enough waiting to hear if my mortgage approved. I’ve not stopped checking my emails all day! We have a 40% deposit so hoping they will just ye as only wanting to borrow less than 80k 

Wd85

They’ve just requested 3 months bank statements it says... Not acceptable reason: Please provide a bank statement showing your last 3 months’ salary payments. 

What does not acceptable reason mean???
also I get my wage tomorrow so do I do feb 28th March 28th and 28th April then? 

ubayd95

Wd85 said:

They’ve just requested 3 months bank statements it says... Not acceptable reason: Please provide a bank statement showing your last 3 months’ salary payments. 

What does not acceptable reason mean???
also I get my wage tomorrow so do I do feb 28th March 28th and 28th April then? 

No I would provide the last 3 months of bank statements showing your salary being paid. So I would provide Jan Feb & Mar as that's the last 3 months.

Only provide April should they ask for it. As we're still in April, those 3 should be fine.

Wd85

Will they require the full months as it says..... Not acceptable reason: Please provide a bank statement showing your last 3 months’ salary payments. We need to see: Your name and address The running balance All of the pages of the statement.


so is it the full months or just the salary pages

ubayd95

Wd85 said:

Will they require the full months as it says..... Not acceptable reason: Please provide a bank statement showing your last 3 months’ salary payments. We need to see: Your name and address The running balance All of the pages of the statement.


so is it the full months or just the salary pages

Yes, provide the statements showing address and showing the salary being paid into the account.

They want to see the whole thing. Your online bank statement would be fine.

Cookie211

Think it’s going to be a long week for me, just emailed my broker to ask if Santander are doing a desktops valuation and they haven’t confirmed yet, he thinks it will be early next week before we hear when valuation will be done, so stressed from loosing the first house, trying to find a new house which we now have found a better house, now waiting again for a valuation plus new house is in probate 🤯🤯🤯🤯 

ubayd95

Cookie211 said:

Think it’s going to be a long week for me, just emailed my broker to ask if Santander are doing a desktops valuation and they haven’t confirmed yet, he thinks it will be early next week before we hear when valuation will be done, so stressed from loosing the first house, trying to find a new house which we now have found a better house, now waiting again for a valuation plus new house is in probate 🤯🤯🤯🤯 

Desktop valuations are only common when the LTV is around 60%

Mine took 5 working days to hear about underwriting and survey being booked. 

Cookie211

ubayd95 said:

Cookie211 said:

Think it’s going to be a long week for me, just emailed my broker to ask if Santander are doing a desktops valuation and they haven’t confirmed yet, he thinks it will be early next week before we hear when valuation will be done, so stressed from loosing the first house, trying to find a new house which we now have found a better house, now waiting again for a valuation plus new house is in probate 🤯🤯🤯🤯 

Desktop valuations are only common when the LTV is around 60%

Mine took 5 working days to hear about underwriting and survey being booked. 

My LTV is 63% 

lg220701

Substitute property form accepted and now back with the underwriters 🙄 fingers crossed I hear this week don’t think I can go through another agonising long weekend ! 

LCM2021

Lo3n8 said:

Hi, has anyone applied to Santander and declared benefits (child benefit and tax credits) as part of their income along with salaries?? We've been asked to 'confirm and explain we will be able to afford the mortgage payments still when the benefits stop'. I'm panicking a little because although the monthly payments are more than affordable for us, apart from stating that as a reason and the fact that our wages will likely increase each tax year,  I'm not sure what else they expect us to say?! 
I presume they're asking for this as our mortgage term is over 30 years and youngest child is 5. 

Any tips would be very helpful! 

Hi 

I applied direct online on 21/4/21. I got asked this question too. I used my salary and child benefit as income. I also wasn’t sure what to answer but I just explained my salary increased every April on an increment scale and one increase should offset the child benefit payment (I only have one child). 

So far I have been asked for payslip/ proof of child benefit. Also questions about covid and furlough (don’t apply to me), as well as queries regarding childcare costs and more details about a partial gifted deposit. The last message I had was on Saturday saying it had been approved by the underwriters but that I still needed to input the ID code (I did this yesterday) and await the valuation. I phoned Santander and they said the valuation took place on 24/4 (I wasn’t informed it was happening and it was very soon after I applied so assuming it was a desktop valuation). 

I am hoping (and praying lol) that all of the above means it’s just awaiting the offer being put together and that’s the next I will hear. 

How’s yours coming along?