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  • FIRST POST
    • starrybear
    • By starrybear 5th Jul 16, 2:57 PM
    • 52Posts
    • 3Thanks
    starrybear
    Precise Mortgages - how long from application to offer?
    • #1
    • 5th Jul 16, 2:57 PM
    Precise Mortgages - how long from application to offer? 5th Jul 16 at 2:57 PM
    Hi all,

    I've searched for answers to this, but can't find anything recent.

    If anyone has dealt with Precise recently, I'd appreciate any insight into your timelines?

    Thanks in advance
Page 24
    • 1sttimebuyer91
    • By 1sttimebuyer91 13th Jul 17, 8:17 PM
    • 7 Posts
    • 2 Thanks
    1sttimebuyer91
    Hi L Sutton,

    Our broker has never updated us without me calling- I have called every 5 working days and each time got an update later the same day.. poor service in my opinion

    So it was around a week after valuation- valuation is ok but they needed the further info.

    I phoned broker today and have now been told to ring again tomorrow as with underwriters. I'll update you all as to how that goes and please keep updating- helps to share the stressful journey hope one of us have good news soon!!

    Xx
    • lsutton
    • By lsutton 13th Jul 17, 9:04 PM
    • 47 Posts
    • 3 Thanks
    lsutton
    1st time buyer - it's terrible I don't know why I am bothering to spend £500 on the broker.
    I kinda know they are going to ask for more documents so I don't know why they don't ask for them.....the silence is worse!

    Wishing you all the luck tomorrow xx
    • 1sttimebuyer91
    • By 1sttimebuyer91 14th Jul 17, 7:20 AM
    • 7 Posts
    • 2 Thanks
    1sttimebuyer91
    Hi Lsutton

    You've paid them? you should ask for a refund when this is all over! They get paid by precise if it goes through anyway!

    Mine are free and I still complained!

    Hope you get some news today too xx
    • Sarbs900
    • By Sarbs900 14th Jul 17, 9:02 AM
    • 3 Posts
    • 0 Thanks
    Sarbs900
    Hi everyone,

    We have been going through this application process since 14/06, valuation was done 28/06 and received back 04/07. I have sent them so much paper work over these last few weeks fingers crossed that is the last of the going backwards and forwards!

    I received an email from my broker yesterday advising she had just received confirmation from Precise that our application has been passed onto the team for all the pre-mortgage offer checks! Has anyone else had this done an if so how long after did you receive your offer. Fingers crossed this is a good sign.

    Thank you x
    • Missymae0
    • By Missymae0 14th Jul 17, 1:30 PM
    • 56 Posts
    • 134 Thanks
    Missymae0
    We've received our offer! So relieved that the wait is over before the weekend!

    Good luck to those still waiting.
    • Sarbs900
    • By Sarbs900 14th Jul 17, 1:35 PM
    • 3 Posts
    • 0 Thanks
    Sarbs900
    We have just received our offer also!! So so happy!!! 4 weeks to the day from start to offer so actually not that bad just felt like so much longer
    • lsutton
    • By lsutton 14th Jul 17, 8:24 PM
    • 47 Posts
    • 3 Thanks
    lsutton
    Fab you got your offers!

    Missymae can I ask about the £400 savings you spoke about - did you have to provide any further info on this or stop it etc?

    I have a similar thing come out my wages but they haven't said anything yet which I find strange to be honest considering how picky they are.

    I believe they have been asking my broker for documents but I've been unaware !
    • Missymae0
    • By Missymae0 14th Jul 17, 8:43 PM
    • 56 Posts
    • 134 Thanks
    Missymae0
    Hi Isutton

    No we explained that it's shares that we can stop and I assume they could see the figures on the payslips that we had already provided so we had no more questions or evidence, the explanation was enough
    • lsutton
    • By lsutton 14th Jul 17, 9:02 PM
    • 47 Posts
    • 3 Thanks
    lsutton
    Thanks missymae

    Was the £400 included as part of your affordability calculation?

    My £165 hasn't been taken into account as apparently deductions from wages don't have to be...
    • 1sttimebuyer91
    • By 1sttimebuyer91 14th Jul 17, 10:29 PM
    • 7 Posts
    • 2 Thanks
    1sttimebuyer91
    We got our offer today too ���� So happy! Happy for you all too and LSutton wish you the best of luck and advise you just keep chasing- it helps!
    • lsutton
    • By lsutton 14th Jul 17, 10:38 PM
    • 47 Posts
    • 3 Thanks
    lsutton
    So pleased for you 1stimebuyer - congratulations x
    • Missymae0
    • By Missymae0 15th Jul 17, 7:03 AM
    • 56 Posts
    • 134 Thanks
    Missymae0
    Yes the £400 was taken into account on our affordability.

    Precise must have had a busy day yesterday dishing out offers!

    Good luck Isutton keeping my fingers crossed for you
    • Gibbsl
    • By Gibbsl 17th Jul 17, 10:11 AM
    • 15 Posts
    • 1 Thanks
    Gibbsl
    Hi All,

    Quick update - I received an email from my Broker on Friday to advise that the Lenders website shows that an offer has been issued to me. This morning my Broker has emailed over a copy of the offer and valuation report. In total from application to offer it was 2 weeks, however two weeks prior to submitting my application i was twoing and throwing documents with the Broker, i am really pleased with them as they did their homework on the lender and prepared all documents prior to submitting to the Lender which proved a smoother process in the long run. So So happy and relieved... Good luck to all those still waiting and i hope you dont wait too much longer. xx
    • phil1184
    • By phil1184 18th Jul 17, 8:43 AM
    • 7 Posts
    • 0 Thanks
    phil1184
    Hi all. I have been following this thread over last couple of weeks but have just signed up.

    My wife and I applied to precise on 30/6 and our valuation happened on 10/7, I spoke with our broker yesterday who advised that precise had come back and asked for bank statements which were then supplied (as broker already had them) and she had chased them yesterday morning, a decision should be received by close of play tomorrow 19/7. I can see varied responses through this thread but can anyone advise what sort of questions(if any) they have been asked when they've got to this stage please?
    • phil1184
    • By phil1184 18th Jul 17, 9:49 AM
    • 7 Posts
    • 0 Thanks
    phil1184
    Typical - as soon as posted on forum I got an email from broker!

    Asking for clarity on some standing orders, a couple to default balances and a mortgage overpayment standing order. Also a little further back on joint account bank statements. Fingers crossed!
    • lsutton
    • By lsutton 18th Jul 17, 12:26 PM
    • 47 Posts
    • 3 Thanks
    lsutton
    Hi I'm at the same stage as you.
    Full app submitted 30/6. Valuation 6/7. My bank statements provided by broker 14/7 and p60s needed to be certified. Expect more questions tomorrow but feeling very nervous as no idea what's going on really.
    • Hammy76
    • By Hammy76 18th Jul 17, 2:47 PM
    • 1 Posts
    • 0 Thanks
    Hammy76
    Stressed
    My DIP was processed on the 5th. Full application sent on the 14th. One question today about where my mother will be living ( we had this property on a joint mortgage ) answer sent back. I know there are loads of transfers in my bank statements as I pay things like that which are not set up in dd and a couple into my account from a savings account we use for household bills but so far no questions about any of those. Dreading any delays as my house sold then I was gazumped on two meaning my buyers are really pushing. Are they likely to question my statements as I am putting a large deposit down so the affordability checks should be fine ? If so what do I need to have ready for them ? If no more questions when am I likely to get a confirmed yes ? My nerves are in shreds already so going it won't be too long a process. Currently they are working on a four day response to start looking at applications which is right as they have looked at mine today.
    • Mark7519
    • By Mark7519 19th Jul 17, 10:29 PM
    • 7 Posts
    • 0 Thanks
    Mark7519
    Offer at Last
    We recieved our offer today !! We recieved a phonecall direct from Precise to ask us a question about adding our fees to the loan. We answered and he confirmed Offer will be sent to broker immediatley. I explained we were on a end of July completion and he informed us he would fax straight to solicitors so fingers crossed 27th July we get the keys. They might be a bit harsh on lending but to be honest they have ensured we are borrowing what we really can afford. Good luck to all
    • Missymae0
    • By Missymae0 20th Jul 17, 6:28 AM
    • 56 Posts
    • 134 Thanks
    Missymae0
    Congrats mark7519 I called Precise a few times myself before they issued the offer and they are really helpful, they emailed the underwriters for me and I had my offer the following day. Worth a phone call for anyone who is on a tight deadline
    • Time2go
    • By Time2go 20th Jul 17, 7:19 AM
    • 130 Posts
    • 19 Thanks
    Time2go
    Can I ask what sort of multiples of mortgage to income people got ? As broker says this is something precise don't advertise and can only be done by just entering a figure at dip stage .
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