Any experience with West Brom

RoloCookie
RoloCookie Posts: 33 Forumite
10 Posts Name Dropper
in Mortgages & endowments
The application is being finalised today and sent to West Brom. Anyone have any experience with them (how long it took, what asked) we are complex so it will take a while. Thanks
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  • RoloCookie
    RoloCookie Posts: 33 Forumite
    10 Posts Name Dropper
    Anyone? Anyone at all ..  :D
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
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    Good football team 👍
  • RoloCookie
    RoloCookie Posts: 33 Forumite
    10 Posts Name Dropper
    dimbo61 said:
    Good football team 👍
    I was waiting for this..  :D 
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Won last night so top of the league.
    My BIL will be pleased 😁
  • Sistergold
    Sistergold Posts: 2,129 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    👋🏾Hello
    Yes am with WestBrom. Did not take long at all just a few days once all questions were answered. Process was quite straightforward but that was before COVID. 
    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • RoloCookie
    RoloCookie Posts: 33 Forumite
    10 Posts Name Dropper
    Sistergold said:
    👋🏾Hello
    Yes am with WestBrom. Did not take long at all just a few days once all questions were answered. Process was quite straightforward but that was before COVID. 
    Congratulations on the mortgage offer bet you are so relieved its done. Can I ask were you straightforward?
  • Sistergold
    Sistergold Posts: 2,129 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 11 July 2020 at 6:35AM
    I went with the WestBrom as my case was a bit complicated this was after Santander gave me a mortgage which had conditions to be met before completion but WestBrom gave me an unconditional mortgage so WestBrom was a bit more relaxed in a sense. 
    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • alf240
    alf240 Posts: 7 Forumite
    Name Dropper First Post
    RoloCookie said:
    The application is being finalised today and sent to West Brom. Anyone have any experience with them (how long it took, what asked) we are complex so it will take a while. Thanks
    We applied on the 8th by the 10th they had said they requested valuation and requested some more docs - we aren’t straight forward (AT ALL) self employed etc.
    the estate agent then rang on Tuesday to say the valuation has been arrange for Monday 20th.... so now we wait.
    our broker seems to think it will then go to underwriting? I was hoping they would’ve already assessed everything else and just waiting on the valuation.... 
  • RoloCookie
    RoloCookie Posts: 33 Forumite
    10 Posts Name Dropper
    Ah so great fun to find someone in the same boat. We got asked for more documents on 6/7 but the broker did not communicate this at all and I had to chase about 4 times. It all got submitted on 16/07 .. (extremely annoyed). We also got a valuation instructed pretty quickly but the estate agents havnt got back to them! frustrating. What extra things did you get asked for? Would love to keep in contact with regards to process as we pretty much are the same with self employment!! Good luck with it! 
  • alf240
    alf240 Posts: 7 Forumite
    Name Dropper First Post
    Same it has been more stressful than I ever imagined. Our broker has been extremely good in regards to sending docs back to them- think this does speed things up abit. Our estate agents were mithering us as to when the valuation will be so I can't understand yours not getting back to them? 
    Did your valuation get instructed before they asked for additional docs?
    They wanted addresses clarifying on the credit report and questions relating to how covid has impacted business with being self employed. How about you?
    The valuation took place yesterday so now I am on pins waiting for any form of news.
    Good luck to you too!!
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