Santander mortgage timeline

tiffy78

mattybully said:

Our valuation finally got booked in on Friday for 12th August. About a 14 day wait in derbyshire for surveyors at the moment. 

Our valuation was about 2 weeks from when we were notified

luis1988

Thought I'd post here about our Santander mortgage timeline to help give some information:

13/07 - AIP given for higher amount than required
23/07 - Offer accepted on new property
24/07 - Mortgage application started
27/07 - Application information sent in
27/07 - 1 x latest payslip sent for both of us
05/08 - Mortgage telephone interview (approx. 45 minutes) and application pack sent
06/08 - Application passed to underwriting
06/08 - Application approved subject to final checks and valuation

We are pretty straightforward, both full time employed unaffected by COVID (in fact our financial situation has improved throughout COVID).

Wasn't expecting decision to be so quick so over the moon with that, whole process couldn't have been easier to be honest. Valuation booked in for Monday 17th August so seems to be a small backlog in our area.

SuH3

Were awaiting decision , application went in on 3rd august , had text to confirm this . Additional info needing on extra income we receive and proof. Since then not heard much . Can see by Santander website applications are taking 15 days so hopefully hear something soon . Eek 

Drawingaline

No. Our survey was booked after a week, but I am still answering queries about my SE. I see it as we haven't been rejected outright and it is most likely it will be offered as long as the valuation comes back ok, but not guaranteed to be offered the full amount needed. If that makes sense?

Drawingaline

I am hoping for something towards the end of next week as our survey was done on Wednesday. But lots of questions about my SE and furloughed job. We are asking for near the max, but it's at less than 75%LTV, so fingers crossed. Also hubby's job is covid proof and over four times my income!!! We know we can afford it, wish we could actually give them my complete budget to look at, would be easier than answering ridiculous questions 😂

firsttimebuyerlpl

Our application went in on the 11th so it will probably be the end of the month before we hear anything! It’s a shame Santander don’t send you more text updates or have a section on the website which shows you the status of your application. 

wazza07

We had our valuation take place on Friday. Any ideas how long it normally takes to hear back? Applied directly with Santander with an in-branch mortgage advisor. The waiting is killing us! 

Drawingaline

wazza07 said:

We had our valuation take place on Friday. Any ideas how long it normally takes to hear back? Applied directly with Santander with an in-branch mortgage advisor. The waiting is killing us! 

The surveyor that came out to do our place for our buyer said 48hrs generally, and unless there is some sort of issue I imagine that's pretty standard. Ours was last Wednesday on the house we want to buy, but they are still showing as looking at stuff from last Tuesday and my additional info went in Wednesday, so I imagine we are in a queue somewhere. Maybe the valuation will be there when they look at my thing and then it will be quicker 🤔 I can hope anyway 🤷😂

firsttimebuyerlpl

Our application was submitted on the 11th. Going by the website timescales our application should now be set up and documents reviewed but we haven’t heard anything from Santander or our MA. Hoping things are going through ok. 

SuH3

just spoke to our MA awaiting on valuation now for offer , that can’t be carried out till 27th august , so expecting offer week after bank holiday , relaxing a bit more now we have some news of progression although it’s slow