Santander Applications

firsttimebuyerlpl

Does anyone have any experience in dealing with Santander applications?

We applied via Nationwide and got the survey report back today. NW are refusing to lend out because of the report. They say the land is backed onto industrial  land which is due for redevelopment however, that development was completed 3 years ago and no new work is due to be carried out! They also said there is a electric station in the vicinity but its half a mile down the road from the property. They said these factor deem the property not suitable for NW.  Our MA said its the most ridiculous thing he has ever heard and has contacted the NW BDM around it but says we will probably be losing a fighting battle. 

We are now looking at Santander.. What are their current timescales? I know NW use Countrywide for their valuations, who does Santander use?... nightmare 

tiffy78

not sure who Santander use for valuations, ours was 15 working days from Application to valuation and then approval. but this was application in middle of July.

Thrugelmir

What was the use of the industrial land in the past? Is the property itself built on land which was once formed part of the industrial site?

firsttimebuyerlpl

Is was a fruit market. And no, it was a separate piece of land. I just done understand it.

wazza07

We’ve just dealt with Santander directly (no broker) and took us 3 weeks to get an appointment with our mortgage advisor. Everything was sorted on the day tho (apart from valuation). The valuation is taking place this week, 10 working days after the mortgage was approved. E.Surv are doing our valuation. 

Briseis

Countrywide had been booked in for our Santander application survey

firsttimebuyerlpl

We have submitted our application with Santander this morning and got the SMS and email to confirm. We've had to up our deposit to 15%! Fingers crossed it goes smoothly this time!

hannah2283

Had my text and email from Santander to confirm my application has been submitted via a broker this morning. Fingers crossed...

firsttimebuyerlpl

hannah2283 said:

Had my text and email from Santander to confirm my application has been submitted via a broker this morning. Fingers crossed...

Hopefully we'll get good new quickly. Average time is 15 working days from application to offer apparently.

blacksheepvegan

Chiming in as our application via broker was submitted yesterday, so be good to keep up with you guys 

sarahholden47

Advice please- I’m a first time buyer.
Can a parent take out a bank loan to then ‘gift’ to me to use as a 15% deposit?
Mixed messages from banks...
Thanks in advance