Santander mortgage timeline

kathrynproost

This is so worrying. 

We are releasing equity from our house for an interest only mortgage to buy a house for our daughter. 

Valuation 4 May but broker said it only went to underwriters on Friday 14th May. I’m absolutely terrified something is going wrong - can’t under stand why some people are getting offer the day of or day after valuation - why aren’t we ? 

apau77

kathrynproost said:

This is so worrying. 

We are releasing equity from our house for an interest only mortgage to buy a house for our daughter. 

Valuation 4 May but broker said it only went to underwriters on Friday 14th May. I’m absolutely terrified something is going wrong - can’t under stand why some people are getting offer the day of or day after valuation - why aren’t we ? 

Our valuation was done on the 7th May. They requested for p60 for second job and other questions but we have not heard anything from them since. You are not alone.

Hopefully I hear from them this week.

kathrynproost

apau77 said:

kathrynproost said:

This is so worrying. 

We are releasing equity from our house for an interest only mortgage to buy a house for our daughter. 

Valuation 4 May but broker said it only went to underwriters on Friday 14th May. I’m absolutely terrified something is going wrong - can’t under stand why some people are getting offer the day of or day after valuation - why aren’t we ? 

Our valuation was done on the 7th May. They requested for p60 for second job and other questions but we have not heard anything from them since. You are not alone.

Hopefully I hear from them this week.

Thank you! We haven’t been asked for anything yet. The MA assistant told me underwriters hadn’t asked for anything else and valuation was final hurdle. So I’m wondering what’s going on!
hope you hear soon too 🤞🏻🤞🏻🤞🏻

Cookie211

We had our mortgage offer about 4 weeks ago now, vendor pulled out found another house valued Thursday still havent heard bk, so worried, broker didn’t answer me Friday now I’m thinking have something gone wrong, really hope I hear tomorrow now, plus house is going through probate but I’m not worried about that as the daughter lives in Holland and really wants her mams house to go to a family, which she seems really happy we want to buy it but I don’t think her solicitor have submitted application from probate to be granted which I was told would be 4 weeks when they submit application and it’s only been 2 🤯🤯🤯🤯 why is everything so stressful, the way it’s going I won’t have the house by Xmas 😭😭🤯🤯 would love some new saying valuation came bk fine, new mortgage offer is in the post and the probate solicitor has sent application for probate to be granted now that would be lovely to hear 🤞🤞🤞

Sierra_Juliette

Cookie211 said:

We had our mortgage offer about 4 weeks ago now, vendor pulled out found another house valued Thursday still havent heard bk, so worried, broker didn’t answer me Friday now I’m thinking have something gone wrong, really hope I hear tomorrow now, plus house is going through probate but I’m not worried about that as the daughter lives in Holland and really wants her mams house to go to a family, which she seems really happy we want to buy it but I don’t think her solicitor have submitted application from probate to be granted which I was told would be 4 weeks when they submit application and it’s only been 2 🤯🤯🤯🤯 why is everything so stressful, the way it’s going I won’t have the house by Xmas 😭😭🤯🤯 would love some new saying valuation came bk fine, new mortgage offer is in the post and the probate solicitor has sent application for probate to be granted now that would be lovely to hear 🤞🤞🤞

Any word today cookie? 

They’ve finally stopped asking about my sick days and have moved onto asking questions about my intended maternity leave dates and pay. Thankfully it’s full pay for 26 weeks for me so that shouldn’t be a problem 🤞🏻

apau77

apau77 said:

kathrynproost said:

This is so worrying. 

We are releasing equity from our house for an interest only mortgage to buy a house for our daughter. 

Valuation 4 May but broker said it only went to underwriters on Friday 14th May. I’m absolutely terrified something is going wrong - can’t under stand why some people are getting offer the day of or day after valuation - why aren’t we ? 

Our valuation was done on the 7th May. They requested for p60 for second job and other questions but we have not heard anything from them since. You are not alone.

Hopefully I hear from them this week.

apau77 said:

kathrynproost said:

This is so worrying. 

We are releasing equity from our house for an interest only mortgage to buy a house for our daughter. 

Valuation 4 May but broker said it only went to underwriters on Friday 14th May. I’m absolutely terrified something is going wrong - can’t under stand why some people are getting offer the day of or day after valuation - why aren’t we ? 

Our valuation was done on the 7th May. They requested for p60 for second job and other questions but we have not heard anything from them since. You are not alone.

Hopefully I hear from them this week.

They have requested for another pay slip. I will be paid next week Tuesday. More waiting.

Leanne1038

We've still not heard a peep since last Wednesday. We're presuming the valuation is the final hurdle but the vendor still hasn't confirmed a date for this with Santander so it's just a waiting game. I suppose time we have since were also waiting on our buyers being accepted too 🤦🏻‍♀️ I hate this whole buying selling process!!

Cookie211

Sierra_Juliette said:

Cookie211 said:

We had our mortgage offer about 4 weeks ago now, vendor pulled out found another house valued Thursday still havent heard bk, so worried, broker didn’t answer me Friday now I’m thinking have something gone wrong, really hope I hear tomorrow now, plus house is going through probate but I’m not worried about that as the daughter lives in Holland and really wants her mams house to go to a family, which she seems really happy we want to buy it but I don’t think her solicitor have submitted application from probate to be granted which I was told would be 4 weeks when they submit application and it’s only been 2 🤯🤯🤯🤯 why is everything so stressful, the way it’s going I won’t have the house by Xmas 😭😭🤯🤯 would love some new saying valuation came bk fine, new mortgage offer is in the post and the probate solicitor has sent application for probate to be granted now that would be lovely to hear 🤞🤞🤞

Any word today cookie? 

They’ve finally stopped asking about my sick days and have moved onto asking questions about my intended maternity leave dates and pay. Thankfully it’s full pay for 26 weeks for me so that shouldn’t be a problem 🤞🏻

Yes valuation came back ,£12,000 under so we just asking vendor if they will reduce there price and meet us half way, fingers crossed they will, it’s killing me 🤯🤯 

peacetrustlove

Dear all,
I've been on this thread for a long time. Here's my timeline and I've still not got an offer yet. By now, I'm pretty sure that my MA has no clue about self-employed mortgages. Thankfully, the vendors have agreed to wait. Markets have improved in the last few months.

24/02 DIP

24/02 Experian Soft Check

02/03 Full Application

05/03 Valuation Instructed

11/03 Desktop Valuation 

15/03 Documents Requested

16/03 Documents Submitted by MA

16/03 Experian Hard Check

18/03 Internal Valuation Instructed

23/03 Internal Valuation Completed

25/03 Valuation Report Received

30/03 Existing property query. Back to queue. 

31/03 Tax Overview for previous 2 years and 3 months Business Statements requested. Back to queue. 

01/04 Personal bank statement for March 2021 requested. Back to underwriters queue

02/04 Proof of overseas income requested. Back to queue

07/04 Accountant Signature in pen rather than electronic signature. Back to queue

12/04 Hard credit check number 2

13/04 Silly questions, back to queue

19/04 Question about giftors, back to queue

22/04 Silly question, back to queue

27/04 Account certificate - Cannot be issued by two separate accounts if you have changed accountant recently

28/04 New accountant certificate submitted by the latest accountant, back to queue

04/05 Question about dividends, back to queue

10/05 Mortgage approved by less than £70k. We are fortunate enough to manage this.

14/05 MA said going to offer soon, there is a backlog

If I'm to believe my MA, then fingers crossed, the offer will be out any day now. Hang in there, folks.

Cookie211

peacetrustlove said:

Dear all,
I've been on this thread for a long time. Here's my timeline and I've still not got an offer yet. By now, I'm pretty sure that my MA has no clue about self-employed mortgages. Thankfully, the vendors have agreed to wait. Markets have improved in the last few months.

24/02 DIP

24/02 Experian Soft Check

02/03 Full Application

05/03 Valuation Instructed

11/03 Desktop Valuation 

15/03 Documents Requested

16/03 Documents Submitted by MA

16/03 Experian Hard Check

18/03 Internal Valuation Instructed

23/03 Internal Valuation Completed

25/03 Valuation Report Received

30/03 Existing property query. Back to queue. 

31/03 Tax Overview for previous 2 years and 3 months Business Statements requested. Back to queue. 

01/04 Personal bank statement for March 2021 requested. Back to underwriters queue

02/04 Proof of overseas income requested. Back to queue

07/04 Accountant Signature in pen rather than electronic signature. Back to queue

12/04 Hard credit check number 2

13/04 Silly questions, back to queue

19/04 Question about giftors, back to queue

22/04 Silly question, back to queue

27/04 Account certificate - Cannot be issued by two separate accounts if you have changed accountant recently

28/04 New accountant certificate submitted by the latest accountant, back to queue

04/05 Question about dividends, back to queue

10/05 Mortgage approved by less than £70k. We are fortunate enough to manage this.

14/05 MA said going to offer soon, there is a backlog

If I'm to believe my MA, then fingers crossed, the offer will be out any day now. Hang in there, folks.

Good luck