Santander mortgage timeline

Cookie211

vixst said:

Good news for myself - we received our mortgage offer documentation (via email, hard copy in post to follow). Seems Santander must have done a desktop valuation or a drive-by at the most. Valuation must have come back fine as they have offered the full amount we applied for. Our application was submitted by our broker (online broker, starts with H and ends with o..!) on 31 May and we received the offer documentation today. Have to say I'm pleased with how smooth it's been.

Really sorry for the rest of you still waiting. Fingers crossed and hang on in there!

Congratulations 🥳 

kaylou88

We got told we had been approved by underwriters at the start of the week, rang for update for offer being sent out today and they’ve said it’s been sent to senior underwriter to issue offer!? What does this mean? Is it being reviewed again or will they actually send an offer? As far as I aware agreed mean agreed but now I’m not sure!

sweetsugar007

kaylou88 said:

We got told we had been approved by underwriters at the start of the week, rang for update for offer being sent out today and they’ve said it’s been sent to senior underwriter to issue offer!? What does this mean? Is it being reviewed again or will they actually send an offer? As far as I aware agreed mean agreed but now I’m not sure!

Sometimes they just run a final credit check to make sure your circumstances haven't changed or you haven't applied for any unsecured debt in the period between agreement and issuance but that would be it from my perspective.

Ameba

Hi,
Congrats to all who have received their offers!
We are still waiting to hear from Santander. It's been just over 3 weeks since the application was submitted by the broker who says the paperwork is currently sitting with the underwriter. The vaulation was done beginning of this week and I hear the report came back. My husband's on a fixed term contract but they haven't requested any docs regarding this yet, however had requested other supporting docs. 
Is it me or is the process taking long? Has anyone been in a similar situation? 
I just want to know the outcome already, the waiting is killing me! 

Purlain

Ameba said:

Hi,
Congrats to all who have received their offers!
We are still waiting to hear from Santander. It's been just over 3 weeks since the application was submitted by the broker who says the paperwork is currently sitting with the underwriter. The vaulation was done beginning of this week and I hear the report came back. My husband's on a fixed term contract but they haven't requested any docs regarding this yet, however had requested other supporting docs. 
Is it me or is the process taking long? Has anyone been in a similar situation? 
I just want to know the outcome already, the waiting is killing me! 

Hi, I am in a similar situation as you, applied by broker on 20 May, valuation done 9 June, they requested some information and currently status is passed to underwriting. They are much slower than last time I applied 5 years ago. They only started the underwriting on 6 June so for over two weeks since the application they did nothing but sitting on the files. I guess we all just have to be patient.

Ameba

Purlain said:

Hi, I am in a similar situation as you, applied by broker on 20 May, valuation done 9 June, they requested some information and currently status is passed to underwriting. They are much slower than last time I applied 5 years ago. They only started the underwriting on 6 June so for over two weeks since the application they did nothing but sitting on the files. I guess we all just have to be patient.

Many thanks for your reply! It's reassuring we are not the only ones! This mortgage journey is a great opportunity to practice patience Good luck with your application, hope you hear back from them soon!

Purlain

Ameba said:

Purlain said:

Hi, I am in a similar situation as you, applied by broker on 20 May, valuation done 9 June, they requested some information and currently status is passed to underwriting. They are much slower than last time I applied 5 years ago. They only started the underwriting on 6 June so for over two weeks since the application they did nothing but sitting on the files. I guess we all just have to be patient.

Many thanks for your reply! It's reassuring we are not the only ones! This mortgage journey is a great opportunity to practice patience Good luck with your application, hope you hear back from them soon!

To be honest, I have also started to lose patience although I am normally a patient person. The fact they sat on the file for two weeks is very frustrating. Let's keep each other updated.

Ameba

Purlain said:

Ameba said:

Purlain said:

Hi, I am in a similar situation as you, applied by broker on 20 May, valuation done 9 June, they requested some information and currently status is passed to underwriting. They are much slower than last time I applied 5 years ago. They only started the underwriting on 6 June so for over two weeks since the application they did nothing but sitting on the files. I guess we all just have to be patient.

Many thanks for your reply! It's reassuring we are not the only ones! This mortgage journey is a great opportunity to practice patience Good luck with your application, hope you hear back from them soon!

To be honest, I have also started to lose patience although I am normally a patient person. The fact they sat on the file for two weeks is very frustrating. Let's keep each other updated.

For me it's the fact that they request additional info at random, even if it falls under the same category say income. Definitely! Let's post updates.  

goodwithsaving

Are people finding it's taking a while for Santander to book in valuations? (They use Countrywide don't they)

Athanasia

Emeralds22 said:

Has anyone applied with 5% deposit and been accepted?

I’ve had my application accepted and waiting on the valuation. Good luck!