Service is very important to us as a lender. Once you’ve sent your clients application to Santander for Intermediaries here are a few tips we find can really help speed up the application process.
- Enter the approved solicitor details in the application as it’s the most common reason for delays
- For capital raising give full details of the use of funds in Introducer Internet > Regulation > General Notes
- Check the mortgage product code is valid and still available
- Declare if anyone over aged 17 will be living in the property at completion who is not named on the mortgage
- Double check that credit/debit card payment details are submitted and validated to cover any valuation and/or booking fees.
- Remember to provide an affordability disclaimer in Introducer Internet > Regulation > General Notes to confirm that the mortgage will remain affordable when Child Benefit and/or Child Tax Credit ends
- Applications from foreign nationals over 75% LTV must be supported by evidence of the permanent right to remain in the UK
- Submit the right to buy/acquire papers immediately via the Mortgage Application Tracking System following submission of the mortgage application.
For more hints and tips view simple steps to getting a quicker offer
Thank you for supporting Santander for Intermediaries.
