Santander mortgage timeline

knocknock1

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

NatNat77 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

I’d be keen to know what type of extra documents have been required for SE?? Is it just last 3 months statements?

So far we’ve given 3 month business Bank  statements, 3 months personal statements, SA03 form, letter from accountant and our books. Fully expecting to be asked for more October bank statements this week. 

Sole trader or LTD? 

By books I assume you mean full accounts?  Letter from accountant was just a reference form? 

Thanks 

Yes limited company, yes full books, and letter was for projections for next year. As well as SA03 form. 

Hubby has a Ltd company too and we only needed to supply an accountants certificate for the last 3 years. It's so bizarre how they ask for different things 

Yes via broker, we only given 2 years for our limited company as we expanded from sole trader. What does your hubby do? Did covid effect it? We have a joinery, all bespoke interiors etc. 

Well I am the hubby, the wife is a primary school teacher so no affect. I have a LTD that supplies to NHS, obv during first lockdown hospitals almost closed to routine work so was a dip in work, but since has been back online and this lockdown won’t affect us because routine stuff staying open. 

Oh you guys will be fine. You sound in a great position! Hope we all hear something soon! 

Well we are at about 80% turnover compared to pre Covid..took a bbl as insurance but did not use and is still in account. My worry is they are comparing pre Covid to now and a reduction in turnover may mean reduced offer. Though as for all self employed, peaks and dips and normal month on Month.

I really think you will be fine, we where fortunate business grew through covid, and fully booked with contracts all next year, everyone paid there deposits. To be honest husbands work load is so huge he can’t keep up, and all this mortgage stress is taking its toll, I think it’s because we’ve now been applying for 16 weeks. 

16 weeks...wow...what’s happened? Why so long?
ah if you grew you should have no problems right...

You’d hope. We originally went with Aldermore they are vile! After 11 weeks we had an offer then they retracted it 2 days later as they changed there criteria and we no longer were in it. There reviews are awful they’ve done similar to so many people. We started our Santander application 5 weeks ago this week. It’s just the Christmas deadline isn’t it. Everyone is nearly ready to exchange. We just need to get an offer this month and we can still make it. But who knows if we will. 

So bad in behalf of aldermore..they should be ashamed. Just messed you about and then changed goalposts. Hope you get your offer very soon. When did you apply to Santander? 

Thank you. You to. Our application went in on the 1st October, just heard from MB our case won’t be looked at until Friday. I was hoping if we got an offer this month we could exchange and complete next month in time for Xmas. But not holding my breath now. 

Yep, unfortunately, local authority searching is taking a while.
Check here: https://www.searchflow.co.uk/news-and-events/local-authority-turnaround-time-increases/#:~:text=Official Search: Turnaround Times Local, 10 56 more rows

If you HTB, they have apparently caught up now so their SLA I think is around 3-4 day mark for most agents. If you are London they are offloading to other agents to help them catch up.

mowgliisaG

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

NatNat77 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

I’d be keen to know what type of extra documents have been required for SE?? Is it just last 3 months statements?

So far we’ve given 3 month business Bank  statements, 3 months personal statements, SA03 form, letter from accountant and our books. Fully expecting to be asked for more October bank statements this week. 

Sole trader or LTD? 

By books I assume you mean full accounts?  Letter from accountant was just a reference form? 

Thanks 

Yes limited company, yes full books, and letter was for projections for next year. As well as SA03 form. 

Hubby has a Ltd company too and we only needed to supply an accountants certificate for the last 3 years. It's so bizarre how they ask for different things 

Yes via broker, we only given 2 years for our limited company as we expanded from sole trader. What does your hubby do? Did covid effect it? We have a joinery, all bespoke interiors etc. 

Well I am the hubby, the wife is a primary school teacher so no affect. I have a LTD that supplies to NHS, obv during first lockdown hospitals almost closed to routine work so was a dip in work, but since has been back online and this lockdown won’t affect us because routine stuff staying open. 

Oh you guys will be fine. You sound in a great position! Hope we all hear something soon! 

Well we are at about 80% turnover compared to pre Covid..took a bbl as insurance but did not use and is still in account. My worry is they are comparing pre Covid to now and a reduction in turnover may mean reduced offer. Though as for all self employed, peaks and dips and normal month on Month.

I really think you will be fine, we where fortunate business grew through covid, and fully booked with contracts all next year, everyone paid there deposits. To be honest husbands work load is so huge he can’t keep up, and all this mortgage stress is taking its toll, I think it’s because we’ve now been applying for 16 weeks. 

16 weeks...wow...what’s happened? Why so long?
ah if you grew you should have no problems right...

You’d hope. We originally went with Aldermore they are vile! After 11 weeks we had an offer then they retracted it 2 days later as they changed there criteria and we no longer were in it. There reviews are awful they’ve done similar to so many people. We started our Santander application 5 weeks ago this week. It’s just the Christmas deadline isn’t it. Everyone is nearly ready to exchange. We just need to get an offer this month and we can still make it. But who knows if we will. 

So bad in behalf of aldermore..they should be ashamed. Just messed you about and then changed goalposts. Hope you get your offer very soon. When did you apply to Santander? 

Thank you. You to. Our application went in on the 1st October, just heard from MB our case won’t be looked at until Friday. I was hoping if we got an offer this month we could exchange and complete next month in time for Xmas. But not holding my breath now. 

Wow 1st of oct and won’t be seen till 6th Nov. Crazy. Will this be there first time they see it or is there a chance they’ll be questions?

85c

knocknock1 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

NatNat77 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

I’d be keen to know what type of extra documents have been required for SE?? Is it just last 3 months statements?

So far we’ve given 3 month business Bank  statements, 3 months personal statements, SA03 form, letter from accountant and our books. Fully expecting to be asked for more October bank statements this week. 

Sole trader or LTD? 

By books I assume you mean full accounts?  Letter from accountant was just a reference form? 

Thanks 

Yes limited company, yes full books, and letter was for projections for next year. As well as SA03 form. 

Hubby has a Ltd company too and we only needed to supply an accountants certificate for the last 3 years. It's so bizarre how they ask for different things 

Yes via broker, we only given 2 years for our limited company as we expanded from sole trader. What does your hubby do? Did covid effect it? We have a joinery, all bespoke interiors etc. 

Well I am the hubby, the wife is a primary school teacher so no affect. I have a LTD that supplies to NHS, obv during first lockdown hospitals almost closed to routine work so was a dip in work, but since has been back online and this lockdown won’t affect us because routine stuff staying open. 

Oh you guys will be fine. You sound in a great position! Hope we all hear something soon! 

Well we are at about 80% turnover compared to pre Covid..took a bbl as insurance but did not use and is still in account. My worry is they are comparing pre Covid to now and a reduction in turnover may mean reduced offer. Though as for all self employed, peaks and dips and normal month on Month.

I really think you will be fine, we where fortunate business grew through covid, and fully booked with contracts all next year, everyone paid there deposits. To be honest husbands work load is so huge he can’t keep up, and all this mortgage stress is taking its toll, I think it’s because we’ve now been applying for 16 weeks. 

16 weeks...wow...what’s happened? Why so long?
ah if you grew you should have no problems right...

You’d hope. We originally went with Aldermore they are vile! After 11 weeks we had an offer then they retracted it 2 days later as they changed there criteria and we no longer were in it. There reviews are awful they’ve done similar to so many people. We started our Santander application 5 weeks ago this week. It’s just the Christmas deadline isn’t it. Everyone is nearly ready to exchange. We just need to get an offer this month and we can still make it. But who knows if we will. 

So bad in behalf of aldermore..they should be ashamed. Just messed you about and then changed goalposts. Hope you get your offer very soon. When did you apply to Santander? 

Thank you. You to. Our application went in on the 1st October, just heard from MB our case won’t be looked at until Friday. I was hoping if we got an offer this month we could exchange and complete next month in time for Xmas. But not holding my breath now. 

Yep, unfortunately, local authority searching is taking a while.
Check here: https://www.searchflow.co.uk/news-and-events/local-authority-turnaround-time-increases/#:~:text=Official Search: Turnaround Times Local, 10 56 more rows

If you HTB, they have apparently caught up now so their SLA I think is around 3-4 day mark for most agents. If you are London they are offloading to other agents to help them catch up.

Thank you, all our searches are back just waiting on our mortgage, the mad thing is we earn to much money to do HTB.

mowgliisaG

85c said:

knocknock1 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

NatNat77 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

I’d be keen to know what type of extra documents have been required for SE?? Is it just last 3 months statements?

So far we’ve given 3 month business Bank  statements, 3 months personal statements, SA03 form, letter from accountant and our books. Fully expecting to be asked for more October bank statements this week. 

Sole trader or LTD? 

By books I assume you mean full accounts?  Letter from accountant was just a reference form? 

Thanks 

Yes limited company, yes full books, and letter was for projections for next year. As well as SA03 form. 

Hubby has a Ltd company too and we only needed to supply an accountants certificate for the last 3 years. It's so bizarre how they ask for different things 

Yes via broker, we only given 2 years for our limited company as we expanded from sole trader. What does your hubby do? Did covid effect it? We have a joinery, all bespoke interiors etc. 

Well I am the hubby, the wife is a primary school teacher so no affect. I have a LTD that supplies to NHS, obv during first lockdown hospitals almost closed to routine work so was a dip in work, but since has been back online and this lockdown won’t affect us because routine stuff staying open. 

Oh you guys will be fine. You sound in a great position! Hope we all hear something soon! 

Well we are at about 80% turnover compared to pre Covid..took a bbl as insurance but did not use and is still in account. My worry is they are comparing pre Covid to now and a reduction in turnover may mean reduced offer. Though as for all self employed, peaks and dips and normal month on Month.

I really think you will be fine, we where fortunate business grew through covid, and fully booked with contracts all next year, everyone paid there deposits. To be honest husbands work load is so huge he can’t keep up, and all this mortgage stress is taking its toll, I think it’s because we’ve now been applying for 16 weeks. 

16 weeks...wow...what’s happened? Why so long?
ah if you grew you should have no problems right...

You’d hope. We originally went with Aldermore they are vile! After 11 weeks we had an offer then they retracted it 2 days later as they changed there criteria and we no longer were in it. There reviews are awful they’ve done similar to so many people. We started our Santander application 5 weeks ago this week. It’s just the Christmas deadline isn’t it. Everyone is nearly ready to exchange. We just need to get an offer this month and we can still make it. But who knows if we will. 

So bad in behalf of aldermore..they should be ashamed. Just messed you about and then changed goalposts. Hope you get your offer very soon. When did you apply to Santander? 

Thank you. You to. Our application went in on the 1st October, just heard from MB our case won’t be looked at until Friday. I was hoping if we got an offer this month we could exchange and complete next month in time for Xmas. But not holding my breath now. 

Yep, unfortunately, local authority searching is taking a while.
Check here: https://www.searchflow.co.uk/news-and-events/local-authority-turnaround-time-increases/#:~:text=Official Search: Turnaround Times Local, 10 56 more rows

If you HTB, they have apparently caught up now so their SLA I think is around 3-4 day mark for most agents. If you are London they are offloading to other agents to help them catch up.

Thank you, all our searches are back just waiting on our mortgage, the mad thing is we earn to much money to do HTB.

What you mean earn too much to do HTB?? 

knocknock1

85c said:

knocknock1 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

NatNat77 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

I’d be keen to know what type of extra documents have been required for SE?? Is it just last 3 months statements?

So far we’ve given 3 month business Bank  statements, 3 months personal statements, SA03 form, letter from accountant and our books. Fully expecting to be asked for more October bank statements this week. 

Sole trader or LTD? 

By books I assume you mean full accounts?  Letter from accountant was just a reference form? 

Thanks 

Yes limited company, yes full books, and letter was for projections for next year. As well as SA03 form. 

Hubby has a Ltd company too and we only needed to supply an accountants certificate for the last 3 years. It's so bizarre how they ask for different things 

Yes via broker, we only given 2 years for our limited company as we expanded from sole trader. What does your hubby do? Did covid effect it? We have a joinery, all bespoke interiors etc. 

Well I am the hubby, the wife is a primary school teacher so no affect. I have a LTD that supplies to NHS, obv during first lockdown hospitals almost closed to routine work so was a dip in work, but since has been back online and this lockdown won’t affect us because routine stuff staying open. 

Oh you guys will be fine. You sound in a great position! Hope we all hear something soon! 

Well we are at about 80% turnover compared to pre Covid..took a bbl as insurance but did not use and is still in account. My worry is they are comparing pre Covid to now and a reduction in turnover may mean reduced offer. Though as for all self employed, peaks and dips and normal month on Month.

I really think you will be fine, we where fortunate business grew through covid, and fully booked with contracts all next year, everyone paid there deposits. To be honest husbands work load is so huge he can’t keep up, and all this mortgage stress is taking its toll, I think it’s because we’ve now been applying for 16 weeks. 

16 weeks...wow...what’s happened? Why so long?
ah if you grew you should have no problems right...

You’d hope. We originally went with Aldermore they are vile! After 11 weeks we had an offer then they retracted it 2 days later as they changed there criteria and we no longer were in it. There reviews are awful they’ve done similar to so many people. We started our Santander application 5 weeks ago this week. It’s just the Christmas deadline isn’t it. Everyone is nearly ready to exchange. We just need to get an offer this month and we can still make it. But who knows if we will. 

So bad in behalf of aldermore..they should be ashamed. Just messed you about and then changed goalposts. Hope you get your offer very soon. When did you apply to Santander? 

Thank you. You to. Our application went in on the 1st October, just heard from MB our case won’t be looked at until Friday. I was hoping if we got an offer this month we could exchange and complete next month in time for Xmas. But not holding my breath now. 

Yep, unfortunately, local authority searching is taking a while.
Check here: https://www.searchflow.co.uk/news-and-events/local-authority-turnaround-time-increases/#:~:text=Official Search: Turnaround Times Local, 10 56 more rows

If you HTB, they have apparently caught up now so their SLA I think is around 3-4 day mark for most agents. If you are London they are offloading to other agents to help them catch up.

Thank you, all our searches are back just waiting on our mortgage, the mad thing is we earn to much money to do HTB.

Well, I've had separate evaluation on the market and that is house prices will very likely go down in the short term, with HTB giving you interest free money and absorbing the value of the house going down. Even *if* I had my own deposit, id rather put that money to better use.

85c

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

NatNat77 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

I’d be keen to know what type of extra documents have been required for SE?? Is it just last 3 months statements?

So far we’ve given 3 month business Bank  statements, 3 months personal statements, SA03 form, letter from accountant and our books. Fully expecting to be asked for more October bank statements this week. 

Sole trader or LTD? 

By books I assume you mean full accounts?  Letter from accountant was just a reference form? 

Thanks 

Yes limited company, yes full books, and letter was for projections for next year. As well as SA03 form. 

Hubby has a Ltd company too and we only needed to supply an accountants certificate for the last 3 years. It's so bizarre how they ask for different things 

Yes via broker, we only given 2 years for our limited company as we expanded from sole trader. What does your hubby do? Did covid effect it? We have a joinery, all bespoke interiors etc. 

Well I am the hubby, the wife is a primary school teacher so no affect. I have a LTD that supplies to NHS, obv during first lockdown hospitals almost closed to routine work so was a dip in work, but since has been back online and this lockdown won’t affect us because routine stuff staying open. 

Oh you guys will be fine. You sound in a great position! Hope we all hear something soon! 

Well we are at about 80% turnover compared to pre Covid..took a bbl as insurance but did not use and is still in account. My worry is they are comparing pre Covid to now and a reduction in turnover may mean reduced offer. Though as for all self employed, peaks and dips and normal month on Month.

I really think you will be fine, we where fortunate business grew through covid, and fully booked with contracts all next year, everyone paid there deposits. To be honest husbands work load is so huge he can’t keep up, and all this mortgage stress is taking its toll, I think it’s because we’ve now been applying for 16 weeks. 

16 weeks...wow...what’s happened? Why so long?
ah if you grew you should have no problems right...

You’d hope. We originally went with Aldermore they are vile! After 11 weeks we had an offer then they retracted it 2 days later as they changed there criteria and we no longer were in it. There reviews are awful they’ve done similar to so many people. We started our Santander application 5 weeks ago this week. It’s just the Christmas deadline isn’t it. Everyone is nearly ready to exchange. We just need to get an offer this month and we can still make it. But who knows if we will. 

So bad in behalf of aldermore..they should be ashamed. Just messed you about and then changed goalposts. Hope you get your offer very soon. When did you apply to Santander? 

Thank you. You to. Our application went in on the 1st October, just heard from MB our case won’t be looked at until Friday. I was hoping if we got an offer this month we could exchange and complete next month in time for Xmas. But not holding my breath now. 

Wow 1st of oct and won’t be seen till 6th Nov. Crazy. Will this be there first time they see it or is there a chance they’ll be questions?

We assume it’s not been looked at yet. We have already sent to MB what we will think they ask for, more bank statements. 

85c

mowgliisaG said:

85c said:

knocknock1 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

NatNat77 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

I’d be keen to know what type of extra documents have been required for SE?? Is it just last 3 months statements?

So far we’ve given 3 month business Bank  statements, 3 months personal statements, SA03 form, letter from accountant and our books. Fully expecting to be asked for more October bank statements this week. 

Sole trader or LTD? 

By books I assume you mean full accounts?  Letter from accountant was just a reference form? 

Thanks 

Yes limited company, yes full books, and letter was for projections for next year. As well as SA03 form. 

Hubby has a Ltd company too and we only needed to supply an accountants certificate for the last 3 years. It's so bizarre how they ask for different things 

Yes via broker, we only given 2 years for our limited company as we expanded from sole trader. What does your hubby do? Did covid effect it? We have a joinery, all bespoke interiors etc. 

Well I am the hubby, the wife is a primary school teacher so no affect. I have a LTD that supplies to NHS, obv during first lockdown hospitals almost closed to routine work so was a dip in work, but since has been back online and this lockdown won’t affect us because routine stuff staying open. 

Oh you guys will be fine. You sound in a great position! Hope we all hear something soon! 

Well we are at about 80% turnover compared to pre Covid..took a bbl as insurance but did not use and is still in account. My worry is they are comparing pre Covid to now and a reduction in turnover may mean reduced offer. Though as for all self employed, peaks and dips and normal month on Month.

I really think you will be fine, we where fortunate business grew through covid, and fully booked with contracts all next year, everyone paid there deposits. To be honest husbands work load is so huge he can’t keep up, and all this mortgage stress is taking its toll, I think it’s because we’ve now been applying for 16 weeks. 

16 weeks...wow...what’s happened? Why so long?
ah if you grew you should have no problems right...

You’d hope. We originally went with Aldermore they are vile! After 11 weeks we had an offer then they retracted it 2 days later as they changed there criteria and we no longer were in it. There reviews are awful they’ve done similar to so many people. We started our Santander application 5 weeks ago this week. It’s just the Christmas deadline isn’t it. Everyone is nearly ready to exchange. We just need to get an offer this month and we can still make it. But who knows if we will. 

So bad in behalf of aldermore..they should be ashamed. Just messed you about and then changed goalposts. Hope you get your offer very soon. When did you apply to Santander? 

Thank you. You to. Our application went in on the 1st October, just heard from MB our case won’t be looked at until Friday. I was hoping if we got an offer this month we could exchange and complete next month in time for Xmas. But not holding my breath now. 

Yep, unfortunately, local authority searching is taking a while.
Check here: https://www.searchflow.co.uk/news-and-events/local-authority-turnaround-time-increases/#:~:text=Official Search: Turnaround Times Local, 10 56 more rows

If you HTB, they have apparently caught up now so their SLA I think is around 3-4 day mark for most agents. If you are London they are offloading to other agents to help them catch up.

Thank you, all our searches are back just waiting on our mortgage, the mad thing is we earn to much money to do HTB.

What you mean earn too much to do HTB?? 

Is it not capped? When I looked I read if you earn over £80k you were not eligible? I’d love to do it? 

85c

knocknock1 said:

85c said:

knocknock1 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

NatNat77 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

I’d be keen to know what type of extra documents have been required for SE?? Is it just last 3 months statements?

So far we’ve given 3 month business Bank  statements, 3 months personal statements, SA03 form, letter from accountant and our books. Fully expecting to be asked for more October bank statements this week. 

Sole trader or LTD? 

By books I assume you mean full accounts?  Letter from accountant was just a reference form? 

Thanks 

Yes limited company, yes full books, and letter was for projections for next year. As well as SA03 form. 

Hubby has a Ltd company too and we only needed to supply an accountants certificate for the last 3 years. It's so bizarre how they ask for different things 

Yes via broker, we only given 2 years for our limited company as we expanded from sole trader. What does your hubby do? Did covid effect it? We have a joinery, all bespoke interiors etc. 

Well I am the hubby, the wife is a primary school teacher so no affect. I have a LTD that supplies to NHS, obv during first lockdown hospitals almost closed to routine work so was a dip in work, but since has been back online and this lockdown won’t affect us because routine stuff staying open. 

Oh you guys will be fine. You sound in a great position! Hope we all hear something soon! 

Well we are at about 80% turnover compared to pre Covid..took a bbl as insurance but did not use and is still in account. My worry is they are comparing pre Covid to now and a reduction in turnover may mean reduced offer. Though as for all self employed, peaks and dips and normal month on Month.

I really think you will be fine, we where fortunate business grew through covid, and fully booked with contracts all next year, everyone paid there deposits. To be honest husbands work load is so huge he can’t keep up, and all this mortgage stress is taking its toll, I think it’s because we’ve now been applying for 16 weeks. 

16 weeks...wow...what’s happened? Why so long?
ah if you grew you should have no problems right...

You’d hope. We originally went with Aldermore they are vile! After 11 weeks we had an offer then they retracted it 2 days later as they changed there criteria and we no longer were in it. There reviews are awful they’ve done similar to so many people. We started our Santander application 5 weeks ago this week. It’s just the Christmas deadline isn’t it. Everyone is nearly ready to exchange. We just need to get an offer this month and we can still make it. But who knows if we will. 

So bad in behalf of aldermore..they should be ashamed. Just messed you about and then changed goalposts. Hope you get your offer very soon. When did you apply to Santander? 

Thank you. You to. Our application went in on the 1st October, just heard from MB our case won’t be looked at until Friday. I was hoping if we got an offer this month we could exchange and complete next month in time for Xmas. But not holding my breath now. 

Yep, unfortunately, local authority searching is taking a while.
Check here: https://www.searchflow.co.uk/news-and-events/local-authority-turnaround-time-increases/#:~:text=Official Search: Turnaround Times Local, 10 56 more rows

If you HTB, they have apparently caught up now so their SLA I think is around 3-4 day mark for most agents. If you are London they are offloading to other agents to help them catch up.

Thank you, all our searches are back just waiting on our mortgage, the mad thing is we earn to much money to do HTB.

Well, I've had separate evaluation on the market and that is house prices will very likely go down in the short term, with HTB giving you interest free money and absorbing the value of the house going down. Even *if* I had my own deposit, id rather put that money to better use.

Sorry how does it work? When I looked I thought it said if you earn over £80k you’re not eligible? How do I find out about it? 

mowgliisaG

85c said:

knocknock1 said:

85c said:

knocknock1 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

NatNat77 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

I’d be keen to know what type of extra documents have been required for SE?? Is it just last 3 months statements?

So far we’ve given 3 month business Bank  statements, 3 months personal statements, SA03 form, letter from accountant and our books. Fully expecting to be asked for more October bank statements this week. 

Sole trader or LTD? 

By books I assume you mean full accounts?  Letter from accountant was just a reference form? 

Thanks 

Yes limited company, yes full books, and letter was for projections for next year. As well as SA03 form. 

Hubby has a Ltd company too and we only needed to supply an accountants certificate for the last 3 years. It's so bizarre how they ask for different things 

Yes via broker, we only given 2 years for our limited company as we expanded from sole trader. What does your hubby do? Did covid effect it? We have a joinery, all bespoke interiors etc. 

Well I am the hubby, the wife is a primary school teacher so no affect. I have a LTD that supplies to NHS, obv during first lockdown hospitals almost closed to routine work so was a dip in work, but since has been back online and this lockdown won’t affect us because routine stuff staying open. 

Oh you guys will be fine. You sound in a great position! Hope we all hear something soon! 

Well we are at about 80% turnover compared to pre Covid..took a bbl as insurance but did not use and is still in account. My worry is they are comparing pre Covid to now and a reduction in turnover may mean reduced offer. Though as for all self employed, peaks and dips and normal month on Month.

I really think you will be fine, we where fortunate business grew through covid, and fully booked with contracts all next year, everyone paid there deposits. To be honest husbands work load is so huge he can’t keep up, and all this mortgage stress is taking its toll, I think it’s because we’ve now been applying for 16 weeks. 

16 weeks...wow...what’s happened? Why so long?
ah if you grew you should have no problems right...

You’d hope. We originally went with Aldermore they are vile! After 11 weeks we had an offer then they retracted it 2 days later as they changed there criteria and we no longer were in it. There reviews are awful they’ve done similar to so many people. We started our Santander application 5 weeks ago this week. It’s just the Christmas deadline isn’t it. Everyone is nearly ready to exchange. We just need to get an offer this month and we can still make it. But who knows if we will. 

So bad in behalf of aldermore..they should be ashamed. Just messed you about and then changed goalposts. Hope you get your offer very soon. When did you apply to Santander? 

Thank you. You to. Our application went in on the 1st October, just heard from MB our case won’t be looked at until Friday. I was hoping if we got an offer this month we could exchange and complete next month in time for Xmas. But not holding my breath now. 

Yep, unfortunately, local authority searching is taking a while.
Check here: https://www.searchflow.co.uk/news-and-events/local-authority-turnaround-time-increases/#:~:text=Official Search: Turnaround Times Local, 10 56 more rows

If you HTB, they have apparently caught up now so their SLA I think is around 3-4 day mark for most agents. If you are London they are offloading to other agents to help them catch up.

Thank you, all our searches are back just waiting on our mortgage, the mad thing is we earn to much money to do HTB.

Well, I've had separate evaluation on the market and that is house prices will very likely go down in the short term, with HTB giving you interest free money and absorbing the value of the house going down. Even *if* I had my own deposit, id rather put that money to better use.

Sorry how does it work? When I looked I thought it said if you earn over £80k you’re not eligible? How do I find out about it? 

There is no maximum income cap..as long as house value is 600k or less. 

85c

mowgliisaG said:

85c said:

knocknock1 said:

85c said:

knocknock1 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

85c said:

NatNat77 said:

85c said:

mowgliisaG said:

85c said:

mowgliisaG said:

I’d be keen to know what type of extra documents have been required for SE?? Is it just last 3 months statements?

So far we’ve given 3 month business Bank  statements, 3 months personal statements, SA03 form, letter from accountant and our books. Fully expecting to be asked for more October bank statements this week. 

Sole trader or LTD? 

By books I assume you mean full accounts?  Letter from accountant was just a reference form? 

Thanks 

Yes limited company, yes full books, and letter was for projections for next year. As well as SA03 form. 

Hubby has a Ltd company too and we only needed to supply an accountants certificate for the last 3 years. It's so bizarre how they ask for different things 

Yes via broker, we only given 2 years for our limited company as we expanded from sole trader. What does your hubby do? Did covid effect it? We have a joinery, all bespoke interiors etc. 

Well I am the hubby, the wife is a primary school teacher so no affect. I have a LTD that supplies to NHS, obv during first lockdown hospitals almost closed to routine work so was a dip in work, but since has been back online and this lockdown won’t affect us because routine stuff staying open. 

Oh you guys will be fine. You sound in a great position! Hope we all hear something soon! 

Well we are at about 80% turnover compared to pre Covid..took a bbl as insurance but did not use and is still in account. My worry is they are comparing pre Covid to now and a reduction in turnover may mean reduced offer. Though as for all self employed, peaks and dips and normal month on Month.

I really think you will be fine, we where fortunate business grew through covid, and fully booked with contracts all next year, everyone paid there deposits. To be honest husbands work load is so huge he can’t keep up, and all this mortgage stress is taking its toll, I think it’s because we’ve now been applying for 16 weeks. 

16 weeks...wow...what’s happened? Why so long?
ah if you grew you should have no problems right...

You’d hope. We originally went with Aldermore they are vile! After 11 weeks we had an offer then they retracted it 2 days later as they changed there criteria and we no longer were in it. There reviews are awful they’ve done similar to so many people. We started our Santander application 5 weeks ago this week. It’s just the Christmas deadline isn’t it. Everyone is nearly ready to exchange. We just need to get an offer this month and we can still make it. But who knows if we will. 

So bad in behalf of aldermore..they should be ashamed. Just messed you about and then changed goalposts. Hope you get your offer very soon. When did you apply to Santander? 

Thank you. You to. Our application went in on the 1st October, just heard from MB our case won’t be looked at until Friday. I was hoping if we got an offer this month we could exchange and complete next month in time for Xmas. But not holding my breath now. 

Yep, unfortunately, local authority searching is taking a while.
Check here: https://www.searchflow.co.uk/news-and-events/local-authority-turnaround-time-increases/#:~:text=Official Search: Turnaround Times Local, 10 56 more rows

If you HTB, they have apparently caught up now so their SLA I think is around 3-4 day mark for most agents. If you are London they are offloading to other agents to help them catch up.

Thank you, all our searches are back just waiting on our mortgage, the mad thing is we earn to much money to do HTB.

Well, I've had separate evaluation on the market and that is house prices will very likely go down in the short term, with HTB giving you interest free money and absorbing the value of the house going down. Even *if* I had my own deposit, id rather put that money to better use.

Sorry how does it work? When I looked I thought it said if you earn over £80k you’re not eligible? How do I find out about it? 

There is no maximum income cap..as long as house value is 600k or less. 

Wow I didn’t know that! Yes house we are buying is £380k,