Santander mortgage timeline

J0hn5k1n

This could be a silly question but is there a more often stage off the mortgage that you would be declined or do they normally let you get all the way to the end and tell you ? I’m just waiting for my decision this week and fearing the worst ha

aggimartz1

aggimartz1 said:

Our valuation is today! I had to chase the broker for this update but nice to see some movement.

Worried about down vvaluation.... we offered at asking which was only 3% above what it sold for 16 months ago, fingers crossed. 

Timeline so far:

Applied: 6th July
Credit check: 6th July
Passed to Underwriters: 19th July
Valuation: 27th July 

We got the mortgage offer email this morning!!!


Applied: 6th July
Credit check: 6th July
Passed to Underwriters: 19th July
Valuation: 27th July 
Mortgage offer email from Santander: 28th July

Sooooo happy!!!

J0hn5k1n

aggimartz1 said:

aggimartz1 said:

Our valuation is today! I had to chase the broker for this update but nice to see some movement.

Worried about down vvaluation.... we offered at asking which was only 3% above what it sold for 16 months ago, fingers crossed. 

Timeline so far:

Applied: 6th July
Credit check: 6th July
Passed to Underwriters: 19th July
Valuation: 27th July 

We got the mortgage offer email this morning!!!


Applied: 6th July
Credit check: 6th July
Passed to Underwriters: 19th July
Valuation: 27th July 
Mortgage offer email from Santander: 28th July

Sooooo happy!!!

Congratulations pal ! Mine was sent to underwriter on the 14th July and still nothing 🙈 I’ve been told by my mortgage broker there looking at 13th July cases so I don’t know how true it is ha 

Optimistim_13

We initially applied on the 6th july vi's a broker and have heard nothing. Our broker chased it up yesterday and said we should have some news this week. We are in scotland so already have the valuation on our home report.
I'm really hoping we get news soon as it's holding up our chain in both directions.
I'm not sure if we have already gone through some stages and the broker is just waiting for our decision but he hasn't asked for any additional info yet which I'm hoping is a good thing.

Optimistim_13

aggimartz1 said:

aggimartz1 said:

Our valuation is today! I had to chase the broker for this update but nice to see some movement.

Worried about down vvaluation.... we offered at asking which was only 3% above what it sold for 16 months ago, fingers crossed. 

Timeline so far:

Applied: 6th July
Credit check: 6th July
Passed to Underwriters: 19th July
Valuation: 27th July 

We got the mortgage offer email this morning!!!


Applied: 6th July
Credit check: 6th July
Passed to Underwriters: 19th July
Valuation: 27th July 
Mortgage offer email from Santander: 28th July

Sooooo happy!!!

Amazing, you've given us all hope! 

J0hn5k1n

Just been told by my MB that Santander have just agreed my mortgage 😁 so hopfully will receive the offer soon ! Every one good luck but I’m sure you won’t need it.

LEWOPSP

thelastofman said:

theinfamous said:

thelastofman said:

Tiger2805 said:

thelastofman said:

What’s your timeline?

28/06 - full application direct online first thing in the morning.
29/06 - asked for more info and supplied within 6 mins.
01/07 - Passed to underwriters and valuation checks being done. Believe since speaking to them that they were desktop review only and has been accepted.
05/07 - asked for more info and supplied within 20 mins.
09/07 - received 2nd lot of address verification codes and submitted.

They're still reviewing the info we sent on the 5th which was only an additional payslip. 

Wow! You only applied the day before me and you've nearly got your offer already whereas they've only just started looking at our case . I heard there was some issue when the rates switched on 30th June.

How are you getting on with your application? Did you end up getting offered based in valuation or not yet?

Applied - 29th June
Valuation Instructed - 10th July
Valuation booked - 11th July (for 12th July)

Have you heard anything since your valuation... your timescales are similar to mine 

LEWOPSP

These are my timescales...

Applied - 04th July 22
Submitted requested documents -05th July 22
Valuation instructed - 14th July 22
Valuation appointment - 16th July 22
Valuation received - 19th July 22
Our documents accepted - 20th July 22 (15:20)
Passed to underwriters for review- 20th July 22 (16:21)

haven't heard anything since... as it states the documents we uploaded initially (payslip each) have now been accepted, is it likely Santander will request anything more from us?

Tiger2805

Full update of our timeline.

28/06 - full application direct online first thing in the morning.
29/06 - asked for more info and supplied within 6 mins.
01/07 - Passed to underwriters and valuation checks being done (desktop review of Scottish home report).
05/07 - asked for more info and supplied within 20 mins.
09/07 - received 2nd lot of address verification codes and submitted.

12/07 - extra info approved and sent back to underwriters.
18/07 - underwriters approved application.

18/07 - valuation checks done and offer issued.
27/07 - funds sent to solicitor.
28/07 - mortgage complete message from Santander.
29/07 - sale complete and received keys.

Very lucky our entire purchase has been so fast.

Optimistim_13

Applied on the 6th July.
Just had an update that Santander asked for the transcript from the underwriters on the 27th and should get it today. So long as everything goes ok with that, we should expect the offer, because everything else is checked. The broker is saying It's likely to be end of next week, or beginning of the following week that we get the offer. I am so stressed! Its cutting it so fine for our move.