Any recent West Brom Mortgage Timelines

Aylen

We had AIP and full application go in yesterday, just wanted to check what timelines/scales to expect going forward? They have mentioned application review in 48 hrs from full application (underwritten in 48hrs). Is this true?? Any self employed? What documents were requested in addition? Full app to offer services times are stating 17 days 🙌🏽

Any info regarding your experiences will be amazing 😀

thank you

Slanders1305

Hi - our full application went in yesterday and valuation was requested today so got everything crossed. How did yours go/is going now? 

Aylen

Slanders1305 said:

Hi - our full application went in yesterday and valuation was requested today so got everything crossed. How did yours go/is going now? 

Full application 19/01
application reviewed 21/01
valuation instructed 21/01
valuation 28/01
valuation report sent back to lender 29/01

broker says offer should be Tuesday/Wednesday 🙌🏽

Good luck with yours, let me know how you get on 👍🏽

Slanders1305

Ah great news - I’ll have everything crossed! Keep me posted. 

Our valuation is Wednesday but can’t see any major issues there so just in the waiting game now.. 

Nice to hear they were speedy afterwards! 

Aylen

Slanders1305 said:

Ah great news - I’ll have everything crossed! Keep me posted. 

Our valuation is Wednesday but can’t see any major issues there so just in the waiting game now.. 

Nice to hear they were speedy afterwards! 

Really impressed so far hopefully the offer part isn’t dragged the whole week 😩..the waiting and weekends are a killer..

it’s life on suspense part that’s annoying, cannot plan anything until that offer is in and you know the contracts are exchanged with a completion date..hopefully 2/3 weeks we complete our purchase. 

Are you a first timer? We’ve got the old help to buy scheme at hit top end with the cap so really hoping all is well as got a good deal with the house! 

Slanders1305

First time but no help to buy available as it’s a huge project house - fell in love instantly however so can’t help but be impatient.. 

Did your broker say the lender had given any indication to how the valuation had gone/if underwriting was done etc. 

Luckily we are renting at the moment and house we want is empty with no chain so if we do get an offer the other side shouldn’t be too long (so many ifs!) 

Thrugelmir

Aylen said:

Slanders1305 said:

Ah great news - I’ll have everything crossed! Keep me posted. 

Our valuation is Wednesday but can’t see any major issues there so just in the waiting game now.. 

Nice to hear they were speedy afterwards! 

hopefully 2/3 weeks we complete our purchase. 

Is this the time frame your conveyancer has indicated? 

Aylen

Thrugelmir said:

Aylen said:

Slanders1305 said:

Ah great news - I’ll have everything crossed! Keep me posted. 

Our valuation is Wednesday but can’t see any major issues there so just in the waiting game now.. 

Nice to hear they were speedy afterwards! 

hopefully 2/3 weeks we complete our purchase. 

Is this the time frame your conveyancer has indicated? 

We exchange next Friday and got offer this Monday 🙌🏽

Aylen

Slanders1305 said:

First time but no help to buy available as it’s a huge project house - fell in love instantly however so can’t help but be impatient.. 

Did your broker say the lender had given any indication to how the valuation had gone/if underwriting was done etc. 

Luckily we are renting at the moment and house we want is empty with no chain so if we do get an offer the other side shouldn’t be too long (so many ifs!) 

How did you get on? 

Slanders1305

Received our offer the same afternoon as the valuation! Now a very long wait until exchange, solicitor has helpfully said anywhere between 12-20 weeks! And that’s without a chain. But just glad that big hurdle is over. 

Can’t fault West Brom. 

Aylen

Congratulations🥳, we exchanged and complete tomorrow 🙌🏽