Valuation and completion
Once we’ve completed your mortgage application, we’ll arrange for your home to be valued. This valuation is for our purposes, so we know the value of the property suits the size of the mortgage you’re requesting.
When we’ve had this confirmed we can make you a formal mortgage offer, meaning your mortgage has been approved.
Finally we’ll instruct the solicitor to transfer the mortgage from your existing lender to us. If you borrow more money at the same time, the solicitor will arrange to pay that directly to you on completion.
You will already have insurance to protect your home, but it’s worth reviewing to see if it’s still adequate. Santander customers can get discounts on insurance please click here to see latest offers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
All applications are subject to status and our leading criteria. This means that the ammount we will lend you will not depend on your individual circumstances, the type of property and the ammount you borrow. For example, we nay require a higher deposit if you are buying a flat or a new built property.