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Santander mortgage timeline/checks
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Bonnu
Posts: 1 Newbie
Hi. So I finally had my offer accepted for a property after viewing 12 properties!! I was so excited- little did I know this is just the start and there is more to come!
so I applied for a mortgage with my mortgage broker- he seems to really know his stuff, only charges £250. I’m assuming most of his money comes from commission.
so I applied for a mortgage with my mortgage broker- he seems to really know his stuff, only charges £250. I’m assuming most of his money comes from commission.
The property purchase price is 165k, putting down 16.5k deposit. I earn 31k a year and around 4.5k I receive in child maintenance which Santander do consider.
anyway it’s been over a week since the application (prior to this did have an AIP- so I assumed I will not encounter any issues with the mortgage application!!)
Anyway, Santander raised a couple of queries. They asked if I have cleared all my credit cards, which I have and this is also displayed on my credit file. I cleared the final one in October 2021.
They also asked why the child maintenance wasn’t paid in the January statement. I had to explain that the January bank statement was only Up until the 29th jan and it was paid on 31st jan. I then provided a updated bank statement. Anyway it’s been nearly a week and still no response. I don’t like bothering my MA eveyday but I’m feeling so anxious!! The property is rare one of a kind and I’m scared I will lose it because for some reason my mortgage will get declined 😭
anyway it’s been over a week since the application (prior to this did have an AIP- so I assumed I will not encounter any issues with the mortgage application!!)
Anyway, Santander raised a couple of queries. They asked if I have cleared all my credit cards, which I have and this is also displayed on my credit file. I cleared the final one in October 2021.
They also asked why the child maintenance wasn’t paid in the January statement. I had to explain that the January bank statement was only Up until the 29th jan and it was paid on 31st jan. I then provided a updated bank statement. Anyway it’s been nearly a week and still no response. I don’t like bothering my MA eveyday but I’m feeling so anxious!! The property is rare one of a kind and I’m scared I will lose it because for some reason my mortgage will get declined 😭
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