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Hi allWe too had a DIP from Precise in the middle of July, and put our full application in around a week ago. They have our bank statements, wage slips, P60s and credit reports, and have taken the valuation fee last week.We have no Defaults or CCJs and our only debt is a car finance at £191 a month.I have 5 missed payments on a loan from last year, which was paid in full in December, but it says they don’t look at unsecured arrears? This put other high street lenders off.My question is, what is the process from here? Are we likely to be declined for any reason not listed above? I’m probably worried about nothing, but after 6 years of fighting debt and credit, we finally look good on paper but maybe not good enough?! My wife was on furlough but isn’t anymore, and has two different part time jobs. I have a full time job that’s never been furloughed luckily.Any feedback will be much appreciated!
Any ideas if Precise would instruct valuation if they were still determining whether to approve? It’s a new build.
17/02/20 - DIP.
18/02/20 - Mortgage Application completed, hard credit check (Experian), HTB (Wales) Application Completed.
24/02/20 - HTB Granted, Hard Credit Check by HTB Wales (Equifax), Authority to Proceed obtained.
25/02/20 - Full Mortgage Application Submitted, Valuation Fee taken.
27/02/20 - Further documents and info requested from Precise. Direct debit confirmation received via post.
Hi guysI know this thread is regarding application process but was wondering if someone could give me any reassurance/hope.Myself and my partner and hoping to put in a full application with precise within the next few weeks on a few build (waiting for it to be released for sale) my partner has excellent credit with only a £200 child maintaince payment each month.I have 3 defaults from 2018, latest one Dec 2018. All paid off as off Jan this year and multiple payday loan use all from 2017. I have a car on finance which is due to end Nov this year and a loan which ends in Aug 2021.We have a joint income of just over 40k and will be using the HTB with 5% deposit of our own. Has anyone with similar situations been accepted with precise? It makes me feel sick thinking about it!!
We’ve got our valuation booked Thursday, all documents etc supplied. Hoping, after reading on here, that valuation is normally the last step before offer. It’s a new build so can’t imagine valuation is too strenuous
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