Precise Mortgages - how long from application to offer?

NannyPlum89

freedom010 said:

@mt13579
That's amazing! congrats!
Could you please just confirm if you had any contact from Precise asking for extra documents? We have submitted our application but precise came back two days later asking for signed declarations, p60s, and statements. Have you supplied that straight away when sending an application or you had to supply that during the process? (maybe your broker is a bit more clever lol)

Our broker took bank statements, P60 and the signed declaration from us just before the application went in. Application submitted 14th August, Precise asked for our children's ages and our home phone number on the 19th, and haven't heard anything since

freedom010

@NannyPlum89

thanks for sharing! Our application went in friday last week. Broker only submitted standard things i guess and took valuation fee. Three days later we were approached for statements, p60s, landline number and declaration. We are still waiting to hear what next they want. Hopefully it will be stright to valuation! Fingers crossed lol. It is very stressful. 

Valacarno12

We’ve had a valuation completed today, and hoping to hear back early next week. We’ve spoken with precise and they’ve confirmed all they’re waiting for us the valuation, so we’re hoping that’s a good sign. 

NannyPlum89

@Valacarno12 that seems really promising, hope all goes well! We spoke to Precise this afternoon and we were really angry to discover that they requested some more info via our broker a week ago, yet our broker has told us 3 times this week that they hadn't heard anything from Precise. So basically we've been sitting for the last week waiting for absolutely nothing. So stressful!

mortgagetakingages

This would concern me too if I were you. 

onthemend88

missbearx said:

guess I’ll find out soon then, nothing I can do with it being the weekend 

I think you need to be honest with Precise about currently being sick. They will be able to advise what the next steps are and I would imagine will request further information - possibly from your employer about a return to work date. 

It might be a case of by currently being off, it may hold your offer up until you are able to return to work. 

 

oldmill14

Just wondered if anyone has had anymore success with Precise? 

My wife and I submitted our mortgage application through a broker on Friday, will Precise contact us directly for anything they need or do they only speak to the broker?

we are using the HTB

NannyPlum89

oldmill14 said:

Just wondered if anyone has had anymore success with Precise? 

My wife and I submitted our mortgage application through a broker on Friday, will Precise contact us directly for anything they need or do they only speak to the broker?

we are using the HTB

Ours went in on the 14th August; due to a massive admin error between Precise and our broker, there was a week wasted because Precise wanted extra documents but somewhere along the line, our broker didn't receive notification that they wanted anything. We have spoken to Precise directly yesterday, who have said its with the underwriters now, and we should have an update by close of business tomorrow.

marielalaa

Valacarno12 said:

We’ve had a valuation completed today, and hoping to hear back early next week. We’ve spoken with precise and they’ve confirmed all they’re waiting for us the valuation, so we’re hoping that’s a good sign. 

Hello, just been lurking the forum as we've had our valuation completed today and very nervous waiting to hear back
Did you get your offer through?

NannyPlum89

We've been told today by Precise that they've instructed the valuation, so we are really hoping this is a positive sign! Good luck to everyone still waiting to hear.