If the reports were true - I don’t think I’d be laughing out loud for myself and my livelihood … Happily we all know fake news is a fact of life. There will be an official statement that has actually come from Santander later today ☺️
A BIG financial institution denying claims that they are looking for a buyer - doesn't that mean it's true from past experience?!
A lender that has gobbled up lenders being gobbled up by another leads to even less choice in providers 😪
The response, clearly did not get any traction, as I have yet to see it.....
Hi Red, aww sorry you haven't seen it! It was very short and sweet:
"The UK is a core market for Santander and this has not changed."
There's also an interview with Ana Botin being circulated where she confirms this to be very much the case. The UK is profitable and massively important to the global position of the bank. With us going back to a period of growth this will only increase too.
We can't control what is fed to the media sadly and not all is factual of course. But very much BAU for us with the focus on growing not running off into the sunset.., Good for me and the 14million customers - as I'm more of a Yorkshire pudding and gravy fan than paella :)
Financial Times had an article last week basically saying Santander are considering leaving the UK market, what does this mean, shut down and move back to Spain ?
It means the demise of this thread.
Let's hope AJS finds a better home for all this enthusiasm.
Haha aww sorry guys you’re not getting rid of me that easy!!
Great news Jaycee! I did speak to UW on this and they confirmed it shouldn’t have been requested - so apologies for the rogue request!
Just waiting for a call back from my BDM but does anyone know the maximum LTV for a parent buying a property on a residential basis that their daughter will live in?
I know it fits criteria, but not sure of the maximum LTV.
Answer from Knowledge Bank re second homes (assume similar criteria)
We can consider applications where the current residential mortgage is going to remain on completion. However, this property must be keyed as a retained property and full running costs will be considered (contrary to any court orders/agreements). The max LTV for a second residential is 80%.
Hope that helps
Thank you!!
Put a case with Santander on Tuesday last week. Both clients changed hours at work and new payslips not yet available. Underwriter calls me on Wednesday saying that he isnt able to accept the pay change letters as not in the right format but he has played with the numbers and we only need 1 of the clients to have the new hours as it fits affordability on the old (lower) hours of the other client. He emails me with the format needed for the employer letter. I upload this later the same day and he agrees the case on Thursday.
I couldnt find a fault if i tried. Also got an auto val so case offered on the Thursday.
Client had been messed around for nearly 2 months by an EA broker so this made me look really good to be honest.
Aw that’s really great to hear! Thank you so much for sharing 😃
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