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Review of the Bath Building Society, Mortgages:

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Very slow process, lots of obstacles.

While we are delighted to work with a local business and to be issued with a mortgage, the process took nearly 7 months. We hoped to complete end of May, and we've completed end of July. This means our family will be without a home for 2 months while building work is carried out, impinging on our 10 year old and 13 year old's school term. I understand the need to scrutinise our finances and to ensure the property will be worth it's value, but we are both in well paid jobs, with an extra property as additional security and we sought a 50% mortgage, with the remainder in cash. I would hope that we represent attractive customers with this kind of LTV. The property is clearly a good deal, given that most refurbished properties on the street go for £1.2 million In spite of this, our finances were scrutinised to a level we've not seen from prior lenders, asking about individual lines on our bank statements and the cost of my train tickets to London. The survey was deeper than normal, taking up extra time.. BIBS is retaining 5% while we complete the work: we are buying the house to do the work, in order for a young family to live in. We have no choice but to do the work. Finally, at the last minute, we were asked to submit approved building regs, prior to work starting. Given that building regs can only be formally approved AFTER the work is complete. This added a further 4 week delay. Our solicitor, building control and agent, have never seen in a process like this, and they all have over 20 years experience. I completely understand the vital nature of financial control and the avoidance of taking on a risk that would expose the financial system, but I cannot see the value of this level of scrutiny given our financial situation and the property. We have respected your conditions throughout, but it's caused a huge amount of anxiety in our house which appeared entirely unnecessary. In future, I would suggest that some of these conditions are laid out earlier in the process, we could have ensured we were ready for the extra scrutiny, and secure building control approval much earlier. Some of the lead times in communications could be speeded up. I would suggest we could have completed in May, had there been improved communication and expectations set clearly in advance. Again, I am delighted to be able to support a local business and I'm delighted that we have a mortgage in place: thank you. Reviewed on: 21st July 2023

Reply from Bath Building Society Thank you for your feedback. I am sorry that you feel the process was unduly prolonged. Each application is underwritten on an individual basis, some being more complex than others. If you would like to discuss your experience in more detail, please do contact me at [email protected] Kind regards, Nicola Rees, Head of Mortgage Operations Response date: 25th July 2023

Review of the Bath Building Society, Mortgages:

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Bot 0 - Nick 1

Bea still needs some training but, thanks to Nick, I got the information I needed. Not what I wanted but clear and understandable criteria guidance. Saved time waiting for a call to be answered. Reviewed on: 21st July 2023

Reply from Bath Building Society Thank you for taking the time and providing this feedback. Yes we are currently carrying out further training in the background with bea so hopefully in due course the scoring will be leveled up! Glad Nick was able to assist in the meantime. Thanks again. Ben Hutchings, Head of Mortgage Sales Response date: 24th July 2023

Review of the Bath Building Society, Mortgages:

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Always wonderful service

Always wonderful service, super friendly and I like that they are local. Reviewed on: 19th July 2023

Reply from Bath Building Society Thank you for taking the time out and leaving this feedback. I will forward this across to the team and they will be pleased. Glad you have received a good service from us. Ben Hutchings, Head of Mortgage Sales Response date: 20th July 2023

Review of the Bath Building Society, Mortgages:

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So quick on Instant Chat

Immediate response from the agent - Called Nick. Answered all my Questions relating to BTL Mortgage. Reviewed on: 19th July 2023

Reply from Bath Building Society Thank you for taking the time out and leaving this feedback. This is great to hear. Ben Hutchings, Head of Mortgage Sales Response date: 20th July 2023

Review of the Bath Building Society, Mortgages:

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Fast easy means of contact

Thank you for your speedy and professional response Reviewed on: 17th July 2023

Reply from Bath Building Society Thank you for taking the time out and providing this feedback, this is great to hear. Ben Hutchings, Head of Mortgage Sales Response date: 18th July 2023

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