Santander mortgage timeline

Chocolatefund

rico83 said:

I was over a month from submitting my application when I decided to submit another application with Lloyds (I don’t recommend doing this as I hard two hard searches at the same time by doing this). Lloyds took 5 days from submitting my application to completion including a physical valuation… so I called up and cancelled Santander. They were appalling. I got a 5 year at less than 1.2% where Santander were 1.1 something. It was only a few pounds of a difference per month. 

Damn. My mortgage broker better knows what he's doing.

Hope he never asks for Decembers bank statement. It's beginning to cost a lot like Christmas...

(Edit: And Bank of England decides to raise rates. Wonder what this will do to my application...)

rico83

Chocolatefund said:

rico83 said:

I was over a month from submitting my application when I decided to submit another application with Lloyds (I don’t recommend doing this as I hard two hard searches at the same time by doing this). Lloyds took 5 days from submitting my application to completion including a physical valuation… so I called up and cancelled Santander. They were appalling. I got a 5 year at less than 1.2% where Santander were 1.1 something. It was only a few pounds of a difference per month. 

Damn. My mortgage broker better knows what he's doing.

Hope he never asks for Decembers bank statement. It's beginning to cost a lot like Christmas...

(Edit: And Bank of England decides to raise rates. Wonder what this will do to my application...)

The rate you applied for should be locked in I believe so don't worry about that. I went direct and did chase them often but was told "they were very busy"... however their own SLA page seemed to contradict the delays I was having, hence I went elsewhere.

Oh and being Christmas.. I don't think that's too much of an issue if they are looking over 3 months of statements - that should a more accurate reflection of outgoings... otherwise no one would get accepted in December haha!

Can't post links but search for "Santander SLA" and you'll find their leadtimes.

Good luck and hope it all goes well for you which I'm sure it will!

Jessiecacar

Chocolatefund said:

rico83 said:

I was over a month from submitting my application when I decided to submit another application with Lloyds (I don’t recommend doing this as I hard two hard searches at the same time by doing this). Lloyds took 5 days from submitting my application to completion including a physical valuation… so I called up and cancelled Santander. They were appalling. I got a 5 year at less than 1.2% where Santander were 1.1 something. It was only a few pounds of a difference per month. 

Damn. My mortgage broker better knows what he's doing.

Hope he never asks for Decembers bank statement. It's beginning to cost a lot like Christmas...

(Edit: And Bank of England decides to raise rates. Wonder what this will do to my application...)

Yes the rate will be locked in.
Honestly my santander was so quick, agrement in principle 2 days, valuation done 4 days later so mortgage offer recieved in 7 days.
Resubmitted it monday for a longer term which has been processed and sent out to me Thursday.
I went through an IFA.
Good luck with it.

Chocolatefund

Nice, congrats!

I've asked my mortgage broker for an update,  but he hasn't replied yet. There's no way for me to check it myself since I went through a broker. (Unless I want to wait in a 40 minute phone que)   Would just really like to know at this point.

Keeping fingers crossed.

Jessiecacar

Chocolatefund said:

Nice, congrats!

I've asked my mortgage broker for an update,  but he hasn't replied yet. There's no way for me to check it myself since I went through a broker. (Unless I want to wait in a 40 minute phone que)   Would just really like to know at this point.

Keeping fingers crossed.

Yes you cant check it has to be your broker and mine said it takes a long time to get through. Hopefully you hear back soon. Havr they done the valuation yet?

Chocolatefund

Jessiecacar said:

Chocolatefund said:

Nice, congrats!

I've asked my mortgage broker for an update,  but he hasn't replied yet. There's no way for me to check it myself since I went through a broker. (Unless I want to wait in a 40 minute phone que)   Would just really like to know at this point.

Keeping fingers crossed.

Yes you cant check it has to be your broker and mine said it takes a long time to get through. Hopefully you hear back soon. Havr they done the valuation yet?

No idea. They might have done a desktop already as far as I know.  Broker prolly either hasn't heard back from them, or they have done it but my broker hasn't checked the 'portal' so to speak.

Will chase him next week, this wait is killing me already.

Jessiecacar

Oh get them to check online. You should hopefully hear back next week.
Mine was granted pending valuation which they booked in for 4 days. So took about 2 weeks to recieve the offer in the post.

NatalieAGC

Just had my offer thru from Santander on a nee build. Offer came thru today and it says til end of April 2022 that’s 4 months!????? Is that right? 

Permanent employed
higher tax bracket and no other commitments 

Chocolatefund

Update! Got automated email to say mortgage has been approved. My broker also rang me later to give me the news. Santander did desktop valuation last week.

So application received on 8/12/21.
Approved 21/12/21.

So just under two weeks/10 working days.
Best Xmas present! :-)

STACE21

Our timeline so far
Aip with broker 4/11/21
Full application 10/12/21
Initial full credit check pass 14/12/21
Valuation date booked for 21/12/21
Queries 16/12/21 answered asap.
Valuation done 21/12/21
Same evening mortgage offered 😊 
Awaiting solicitor surveys and bank paperwork 
Our broker has been amazing so far.
🤞 2022 we will be in our dream home..
Dont lose hope guys, and if in doubt use a broker a decent one deals with it all for u and calms the nerves x merry crimbo