Santander mortgage timeline

Klcomfort

firsttimebuyerlpl said:

Oh wow that’s brilliant. So quick. We had our valuation done on the 19th but it was a physical one. Hoping to hear something early next week 

Thank you! It was very quick! Just shows sometimes you have to trust the process. I'm sure you will get the news you are hoping for next week! Sending you positive vibes  

SuH3

Update we got mortgage offer in post dated 18th, obviously decided against a physical valuation after all 
Took 15 days total 

hannah2283

Just had an email from my broker saying that my mortgage has been agreed subject to valuation and that the paperwork will be sent out soon. Broker understands that they’ve already done a desktop valuation. Application was submitted on 11th August. 

Drawingaline

Sounds like they are cranking out the easier ones. Damn me and my bloody self employment 🙄 

hannah2283

Yeah I’m full time employed on a permanent contract with a 25% deposit so it was straightforward financially. Hope you get a decision soon! 

Drawingaline

hannah2283 said:

Yeah I’m full time employed on a permanent contract with a 25% deposit so it was straightforward financially. Hope you get a decision soon! 

I earn less than a quarter of my husband, we are looking at a 75%LTV and are looking to borrrow 20k less than was offered. Just endless quizzing about the 9k per year I earn. Beginning to wish we had found a cheaper house so we could have just done it in his wages.

I remember it being horrific last time waiting for the mortgage. Ah well, hopefully we sent in the last query reply yesterday, they might look at it in two weeks time!

hannah2283

Fingers crossed for you! 

Drawingaline

hannah2283 said:

Fingers crossed for you! 

Remembering why we haven't moved in 11 years 😂 if this all goes through successfully won't be planning another move for 25/30 years!

hannah2283

Ha, I’ve been thinking “oh it’s so much easier to move when you’re renting” and then I remember that I’ll be paying a mortgage off that’s over £300 a month cheaper than my rent and yep it’s all worth it 

Klcomfort

@firsttimebuyerlpl how are you getting on? Any news yet?