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Coventry mortgage application

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sarmia
sarmia Posts: 576 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Mortgages & endowments
We have just applied for a mortgage with the Coventry BS and have paid the fee to process the mortgage. Has anyone else any experience with them and how long things took?
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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Did you ask?
  • amnblog
    amnblog Posts: 12,728 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    We find the service at CBS steady rather than swift.

    We do not normally get undue delays.

    If you applied direct you may find you get a different experience.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • sarmia
    sarmia Posts: 576 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thank you both. As we have applied through a broker I wasn't sure if it would be ok to call CBS directly myself. I have called and they said they are working on applications from the 6th and ours only went in yesterday apparently. It was more some sort of timescale of how long start of application to mortgage offer was.
  • amnblog
    amnblog Posts: 12,728 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Direct all communication via your broker, including requests for updates.

    The rule is, do not contact the Lender direct if you are using a broker as this can lead to confusion and problems.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • sarmia
    sarmia Posts: 576 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thank you. Will do.
  • Mortgage_Mark_2
    Mortgage_Mark_2 Posts: 857 Forumite
    amnblog wrote: »
    Direct all communication via your broker, including requests for updates.

    The rule is, do not contact the Lender direct if you are using a broker as this can lead to confusion and problems.

    If I could 'thank' this more than once, I would..!
    I am a mortgage adviser.
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • amnblog
    amnblog Posts: 12,728 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Don't be like our client who told the Lender 'no it's definitely a freehold flat' (it wasn't) CASE CLOSED - START AGAIN
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • lindens
    lindens Posts: 2,870 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    amnblog wrote: »
    We find the service at CBS steady rather than swift.

    We do not normally get undue delays.

    If you applied direct you may find you get a different experience.
    We are going thru a broker with Coventry and our broker said much the same. they aren't the quickest or the slowest.
    You're not your * could have not of * Debt not dept *
  • buglawton
    buglawton Posts: 9,246 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The truth is that Coventry are a small BS in the scheme of things and are beholden to their underwriters. So while they may accept you application quite smoothly, every key decision waits in a queue for the underwriting team. And due to the new mortgage rules, underwriters are understaffed and over-busy. Hang in in there anyway you'll succeed eventually.
  • amnblog
    amnblog Posts: 12,728 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    lindens wrote: »
    We are going thru a broker with Coventry and our broker said much the same. they aren't the quickest or the slowest.

    your broker sounds intelligent
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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