Santander mortgage timeline

Cookie211

Kirkii27 said:

My partner and his dad have applied for a mortgage as the deposit isn’t classed as a gift. When I last applied with Santander it took a week to be approved. This time my timeline still right at the beginning. They emailed other day asking for more documents from father in law and furlough but it’s still not under review with underwriters .  They applied last Saturday. I know there still loads of time but worrying especially after already being accepted previously I feel we maybe declined 

Fingers crossed you will hear soon 

Cookie211

When they house is being valued do the EA go with them if it’s a full valuation thanks 

FirstTB1983

Cookie211 said:

FirstTB1983 said:

Cookie211 said:

finally valuation is tomorrow, anyone know if they do it in morning 😂😂😂 got a feeling I will be driving back and forth the new house tomorrow, Hoping will hear by end of week if price is ok and they can send me my new mortgage offer out 🤞🤞🤞🤞

Ours was today between 8am and 2pm. We received our offer on the same day last time round so hopefully we won't have to wait too long this time either.

Fingers crossed for u 🤞🤞

Value was agreed and full offer confirmed at 1250 today. 

Very happy! 

Cookie211

FirstTB1983 said:

Cookie211 said:

FirstTB1983 said:

Cookie211 said:

finally valuation is tomorrow, anyone know if they do it in morning 😂😂😂 got a feeling I will be driving back and forth the new house tomorrow, Hoping will hear by end of week if price is ok and they can send me my new mortgage offer out 🤞🤞🤞🤞

Ours was today between 8am and 2pm. We received our offer on the same day last time round so hopefully we won't have to wait too long this time either.

Fingers crossed for u 🤞🤞

Value was agreed and full offer confirmed at 1250 today. 

Very happy! 

Congratulations 🥳 when was your valuation again sorry 

FirstTB1983

Cookie211 said:

FirstTB1983 said:

Cookie211 said:

FirstTB1983 said:

Cookie211 said:

finally valuation is tomorrow, anyone know if they do it in morning 😂😂😂 got a feeling I will be driving back and forth the new house tomorrow, Hoping will hear by end of week if price is ok and they can send me my new mortgage offer out 🤞🤞🤞🤞

Ours was today between 8am and 2pm. We received our offer on the same day last time round so hopefully we won't have to wait too long this time either.

Fingers crossed for u 🤞🤞

Value was agreed and full offer confirmed at 1250 today. 

Very happy! 

Congratulations 🥳 when was your valuation again sorry 

They did the valuation yesterday afternoon but didn't send the report till after 5pm so decision came though today.

Cookie211

FirstTB1983 said:

Cookie211 said:

FirstTB1983 said:

Cookie211 said:

FirstTB1983 said:

Cookie211 said:

finally valuation is tomorrow, anyone know if they do it in morning 😂😂😂 got a feeling I will be driving back and forth the new house tomorrow, Hoping will hear by end of week if price is ok and they can send me my new mortgage offer out 🤞🤞🤞🤞

Ours was today between 8am and 2pm. We received our offer on the same day last time round so hopefully we won't have to wait too long this time either.

Fingers crossed for u 🤞🤞

Value was agreed and full offer confirmed at 1250 today. 

Very happy! 

Congratulations 🥳 when was your valuation again sorry 

They did the valuation yesterday afternoon but didn't send the report till after 5pm so decision came though today.

Thank u, had ours today and haven’t heard anything 

Leanne1038

Hi! New to the forum but been watching it for days now! 

We're a little late with everything as we're trying to sell our house at the same time as buying our dream home. Our own sale has fallen through twice with different buyers which has caused some unwelcomed stress!! Anyway, here we are on our 3rd buyer, 3rd time lucky we hope! 

We had an offer accepted on our dream home on the 12th April
13th - instructed solicitor 
17th - send all docs for mortgage prep to MA 
break whilst we found another buyer - we had to relist so didn't apply for the mortgage until we felt confident in a buyer. We did find another buyer and accepted their offer on the 23rd.
30th - broker applied for Santander DIP
06th - DIP approved subject to satisfactory accountants reference (OH is self employed)
10th - full application received, email from Santander confirming 
10th - soft and hard credit checks 
11th - request for latest payslip - sent across to broker who sent to Santander on the 12th
12th - call from EA, Santander trying to arrange physical valuation but vendors celebrating Eid so this has caused delays, vendors have not confirmed when they are available for the inspection (frustrating)!
12th - received mortgage illustration
13th - more info request - asked id been furloughed at all - answered no but confirmed I'd also had a payrise on latest 2 payslips which is why oldest one is lesser amount 

now we wait! Presumably just for the valuation to be carried out. The valuation is worrying me the say the least. The house we're buying is quite unique to the area. A large 1900s semi, Victorian style with the 3m ceilings and very spacious. Large front driveway and large rear garden. House has been renovated with new kitchen, bathroom and flooring throughout aswell as other cosmetic work. 

Problem is, online valuations show a max price of 280, we're paying 357, was listed at 350 and we had to go over asking to be accepted. 

However, online valuations are just based on this being a 3 bed semi in the area whereas it's very different so we're hoping the physical will note this. 

Houses in the area this year are selling for 350-400k, but nothing is "sold" as yet, all "STC". Last year prices were much more reasonable, so we just don't know what to expect. Very sought after area with houses selling in a matter of days, hours for some! 

Keeping everything crossed on the valuation, but also the added stress of our buyers being turned own as they are 90% LTV is so worrying...!

this is not fun is it?!

Cookie211

Leanne1038 said:

Hi! New to the forum but been watching it for days now! 

We're a little late with everything as we're trying to sell our house at the same time as buying our dream home. Our own sale has fallen through twice with different buyers which has caused some unwelcomed stress!! Anyway, here we are on our 3rd buyer, 3rd time lucky we hope! 

We had an offer accepted on our dream home on the 12th April
13th - instructed solicitor 
17th - send all docs for mortgage prep to MA 
break whilst we found another buyer - we had to relist so didn't apply for the mortgage until we felt confident in a buyer. We did find another buyer and accepted their offer on the 23rd.
30th - broker applied for Santander DIP
06th - DIP approved subject to satisfactory accountants reference (OH is self employed)
10th - full application received, email from Santander confirming 
10th - soft and hard credit checks 
11th - request for latest payslip - sent across to broker who sent to Santander on the 12th
12th - call from EA, Santander trying to arrange physical valuation but vendors celebrating Eid so this has caused delays, vendors have not confirmed when they are available for the inspection (frustrating)!
12th - received mortgage illustration
13th - more info request - asked id been furloughed at all - answered no but confirmed I'd also had a payrise on latest 2 payslips which is why oldest one is lesser amount 

now we wait! Presumably just for the valuation to be carried out. The valuation is worrying me the say the least. The house we're buying is quite unique to the area. A large 1900s semi, Victorian style with the 3m ceilings and very spacious. Large front driveway and large rear garden. House has been renovated with new kitchen, bathroom and flooring throughout aswell as other cosmetic work. 

Problem is, online valuations show a max price of 280, we're paying 357, was listed at 350 and we had to go over asking to be accepted. 

However, online valuations are just based on this being a 3 bed semi in the area whereas it's very different so we're hoping the physical will note this. 

Houses in the area this year are selling for 350-400k, but nothing is "sold" as yet, all "STC". Last year prices were much more reasonable, so we just don't know what to expect. Very sought after area with houses selling in a matter of days, hours for some! 

Keeping everything crossed on the valuation, but also the added stress of our buyers being turned own as they are 90% LTV is so worrying...!

this is not fun is it?!

Hope everything goes well for you, I have been stressing myself the day we had a mortgage offer the vendor pulled out, found another house after viewing a good few, offer accepted and valuation was today, the house we buying is going through probate and the daughter lives abroad so everything is taking longer 

Orchid12

Leanne1038 said:

Hi! New to the forum but been watching it for days now! 

We're a little late with everything as we're trying to sell our house at the same time as buying our dream home. Our own sale has fallen through twice with different buyers which has caused some unwelcomed stress!! Anyway, here we are on our 3rd buyer, 3rd time lucky we hope! 

We had an offer accepted on our dream home on the 12th April
13th - instructed solicitor 
17th - send all docs for mortgage prep to MA 
break whilst we found another buyer - we had to relist so didn't apply for the mortgage until we felt confident in a buyer. We did find another buyer and accepted their offer on the 23rd.
30th - broker applied for Santander DIP
06th - DIP approved subject to satisfactory accountants reference (OH is self employed)
10th - full application received, email from Santander confirming 
10th - soft and hard credit checks 
11th - request for latest payslip - sent across to broker who sent to Santander on the 12th
12th - call from EA, Santander trying to arrange physical valuation but vendors celebrating Eid so this has caused delays, vendors have not confirmed when they are available for the inspection (frustrating)!
12th - received mortgage illustration
13th - more info request - asked id been furloughed at all - answered no but confirmed I'd also had a payrise on latest 2 payslips which is why oldest one is lesser amount 

now we wait! Presumably just for the valuation to be carried out. The valuation is worrying me the say the least. The house we're buying is quite unique to the area. A large 1900s semi, Victorian style with the 3m ceilings and very spacious. Large front driveway and large rear garden. House has been renovated with new kitchen, bathroom and flooring throughout aswell as other cosmetic work. 

Problem is, online valuations show a max price of 280, we're paying 357, was listed at 350 and we had to go over asking to be accepted. 

However, online valuations are just based on this being a 3 bed semi in the area whereas it's very different so we're hoping the physical will note this. 

Houses in the area this year are selling for 350-400k, but nothing is "sold" as yet, all "STC". Last year prices were much more reasonable, so we just don't know what to expect. Very sought after area with houses selling in a matter of days, hours for some! 

Keeping everything crossed on the valuation, but also the added stress of our buyers being turned own as they are 90% LTV is so worrying...!

this is not fun is it?!

Good luck! 

We have lost 2 buyers too. Hoping to find our third soon! It’s been such a stressful process. 

We went over the listed price too and the valuation was fine for us. 

Leanne1038

Orchid12 said:

Leanne1038 said:

Hi! New to the forum but been watching it for days now! 

We're a little late with everything as we're trying to sell our house at the same time as buying our dream home. Our own sale has fallen through twice with different buyers which has caused some unwelcomed stress!! Anyway, here we are on our 3rd buyer, 3rd time lucky we hope! 

We had an offer accepted on our dream home on the 12th April
13th - instructed solicitor 
17th - send all docs for mortgage prep to MA 
break whilst we found another buyer - we had to relist so didn't apply for the mortgage until we felt confident in a buyer. We did find another buyer and accepted their offer on the 23rd.
30th - broker applied for Santander DIP
06th - DIP approved subject to satisfactory accountants reference (OH is self employed)
10th - full application received, email from Santander confirming 
10th - soft and hard credit checks 
11th - request for latest payslip - sent across to broker who sent to Santander on the 12th
12th - call from EA, Santander trying to arrange physical valuation but vendors celebrating Eid so this has caused delays, vendors have not confirmed when they are available for the inspection (frustrating)!
12th - received mortgage illustration
13th - more info request - asked id been furloughed at all - answered no but confirmed I'd also had a payrise on latest 2 payslips which is why oldest one is lesser amount 

now we wait! Presumably just for the valuation to be carried out. The valuation is worrying me the say the least. The house we're buying is quite unique to the area. A large 1900s semi, Victorian style with the 3m ceilings and very spacious. Large front driveway and large rear garden. House has been renovated with new kitchen, bathroom and flooring throughout aswell as other cosmetic work. 

Problem is, online valuations show a max price of 280, we're paying 357, was listed at 350 and we had to go over asking to be accepted. 

However, online valuations are just based on this being a 3 bed semi in the area whereas it's very different so we're hoping the physical will note this. 

Houses in the area this year are selling for 350-400k, but nothing is "sold" as yet, all "STC". Last year prices were much more reasonable, so we just don't know what to expect. Very sought after area with houses selling in a matter of days, hours for some! 

Keeping everything crossed on the valuation, but also the added stress of our buyers being turned own as they are 90% LTV is so worrying...!

this is not fun is it?!

Good luck! 

We have lost 2 buyers too. Hoping to find our third soon! It’s been such a stressful process. 

We went over the listed price too and the valuation was fine for us. 

Ahhh that's reassuring! Fingers crossed everything goes well. 

I hope you find a buyer, it's so stressful! You feel like everything is on hold and it just makes everything that bit harder. Our buyers are so keen which is great, but they only submitted their application yesterday so we're nervously waiting on their application as much as we are our own. I'm just longing for the day everything is going smoothly and we exchange 🥲