Santander mortgage timeline

JD12Ev

GazFTB said:

First Time Buyer ;

applied with broker 28th June
valuation 29th June
with underwriters from 1st July.

now playing the waiting game. Perfect credit score 0 Debt but self employed. Vendor is eager to get the sale done ASAP understandably but Santander seem to be dragging their feet.

Can any one offer words of wisdom? I have my 2nd child due in 3 weeks and we are all desperate to get out of our rented flat.

good luck everyone.

Not sure if I can offer words of Wisdom but I will keep my fingers crossed for you! They seem to be going at snail pace at the mo, but lets hope that changes for us all 

Sri23

Hi everyone! Would like to share my timeline with you all as I know how it feels after submitting your application 
I am first time buyer using HTB scheme 

Application submitted through broker to Satander on
25th June 2021
Valuation booked
2nd July 2021
Received mortgage offer email
3rd of July! I was really surprised coz I got the email on a Saturday but was so happyyyy

now waiting for paper works thru post! 

I wish you all good luck !

Agraham1826

Took me from applying in march and just got my offer today. 

mortgagehope

Agraham1826 said:

Took me from applying in march and just got my offer today. 

Congratulations! That's a ludicrous amount of time, I hope you managed to stay sane. Have they given you information about why it took so long?

Athanasia

Any MA here who knows what happens if you want to change product half way through your application? Basically, I just want to go for the higher cashback option, but everything else stays the same. I dread having to start from scratch as I am in NI and valuation was initially booked for 5 weeks ahead!

James-may

Just found out my broker had to start a new mortgage application, as santander wouldn't ammend the previous application as it hadn't got to the offer stage, took them weeks to decide that.
Now need to do another hard search and start again, want the damn thing approved so I can get searches started and things rolling.

AnnexeRegular

My mortgage was approved in March. I was due to complete on my house today. On Monday Santander told my solicitor the funds would be available either late yesterday or first thing today. For some reason, Santander have referred things back to their underwriters, meaning I have now missed my completion date! Absolutely gutted. They are providing no information whatsoever, and we are all in the dark. I feel sick with the whole process.

JD12Ev

Sick to death!! 

Santander asked me to provide a letter from my employer to state they are renewing my contract (im currently on fixed term, but will be made permanent when this contact ends)

And because my employer put 'to whom it may concern'

They want it rewritten so its says To santander... 

Back to the underwriter for the 4th time  anyone else loosing the will to live?! 

rakoczigabi

So close to exchange. 

My buyers finally transfered their deposit to their solicitor. It took them 2 days , because only could do half amount / day.  We were supposed to exchange last Wednesday. 

Now my solicitor checking with Santander if they can release the funds for the 21st for completion. 

He spoke with them this morning , but so far Santander didn’t come back with the answer

Hopefully they can 🤞🏼🤞🏼 

How much notice are they usually need ? 

JonMitchell

Saw this thread and wonder if members here are still experiencing a slow response/long delay from Santander at the moment for underwriting approval?