Santander mortgage timeline

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.

I sent them the P60 on the 21st May and I have received any update since. MA is not picking my calls.
Full application submitted on 23rd April. 
Has anybody experienced this before and still received offer?
I'm worried because it has taken over a month to receive decision and MA  not updating, it maybe a bad news when I finally hear from them.😬😬

Athanasia

Timeline for direct application:
13/05 First contact with bank after DIP. Hard checks and appointment with MA booked.
20/05 mortgage illustration appointment 
22/05 passed on to underwriters 
24/05 questions started coming in,a question a day more or less. All paperwork uploaded right on request
29/05 Application approved pending final checks and valuation
Very stressful process,glad it’s over!

Kirkii27

Mortgage approved! Yaaaay

Tiredhuman

Kirkii27 said:

Mortgage approved! Yaaaay

Congratulations 🎊 👍 👏 👏.

I hope I'll be able to post such news this week. 

Kirkii27

We went back to the underwriters on Thursday. So fingers crossed for you all. It’s taken from full application on 8th may to get the approval today 

NewToThis2021

@Kirkii27 ah amazing, congratulations hope everything else goes smoothly for you x

James-may

So after Santander did a hard credit search and asking the sellers for a date for valuation the sellers have pulled out.
Waste if all our times, they aren't sure they want to sell anymore.
Worried now I will have multiple hard searches on my file will look bad.
Broker, said it shouldn't if I stay with santander, but I may need to reapply from scratch if price is very different to what I was paying for property we had found.
That's the second ideal place that's fell through.
Getting annoying now.

NewToThis2021

@James-may oh no, really sorry to read that. So frustrating I hope you find something else soon

Cookie211

James-may said:

So after Santander did a hard credit search and asking the sellers for a date for valuation the sellers have pulled out.
Waste if all our times, they aren't sure they want to sell anymore.
Worried now I will have multiple hard searches on my file will look bad.
Broker, said it shouldn't if I stay with santander, but I may need to reapply from scratch if price is very different to what I was paying for property we had found.
That's the second ideal place that's fell through.
Getting annoying now.

This happened to us the first time, we have found another house but instead of it going bk to the underwriters we lucky enough we can put a bigger deposit down and Santander have sent out our new mortgage offer, we have till sep but the house we now buying is going through probate so hopefully that will go through quick, I’m glad now it happened to us as we have found a much better house, good luck with yours I hope u find a much better house for yourselves 

Emeralds22

Kirkii27 said:

Mortgage approved! Yaaaay

Aww congratulations thrilled for you!!  We have just had more questions including what is this transaction and how much student loan I am paying monthly and the outstanding student loan balance.  

At least another week wait for us! Sigh.. should have been moved in today 😪 7th May we applied.