Precise Mortgages - how long from application to offer?

Valacarno12

obc18 said:

Valacarno12 said:

Due to get the keys this Friday, everyone in order by sounds of it. 

On our Offer it says refund of valuation fee upon completion of mortgage. Does that mean after final payment is made in about 35 years we’ll get the refund?

Lol no, you'll get it back after you complete. Ours came about a week after we moved in, via the solicitors. 

Thank you, wonder why they wouldn’t just take it off the solicitor fees. Had ours through this morning and they’re higher than what we expected.

obc18

Valacarno12 said:

obc18 said:

Valacarno12 said:

Due to get the keys this Friday, everyone in order by sounds of it. 

On our Offer it says refund of valuation fee upon completion of mortgage. Does that mean after final payment is made in about 35 years we’ll get the refund?

Lol no, you'll get it back after you complete. Ours came about a week after we moved in, via the solicitors. 

Thank you, wonder why they wouldn’t just take it off the solicitor fees. Had ours through this morning and they’re higher than what we expected.

Yes ours came through slightly higher than expected. But then after we completed, the solicitors called and said we had overpaid by the exact amount as the valuation fee, and they just BACS it to us that day. Good luck with the move

dlwales

Mortgage application has gone in, nervous wait. How long did people wait who applied recently? im assuming Christmas and New year will slow things down for me. Fingers crossed its not too slow as im using help to buy on the current scheme.

homeowner_wannabe

dlwales said:

Mortgage application has gone in, nervous wait. How long did people wait who applied recently? im assuming Christmas and New year will slow things down for me. Fingers crossed its not too slow as im using help to buy on the current scheme.

Ours took a just over 3 weeks!

obc18

We got approved subject to valuation in 4 days. Valuation took longer to happen as our sales office was only open part-time. All in all two weeks from application to offer. Our broker was brilliant.

gashead1989

Valacarno12 said:

Due to get the keys this Friday, everyone in order by sounds of it. 

On our Offer it says refund of valuation fee upon completion of mortgage. Does that mean after final payment is made in about 35 years we’ll get the refund?

Where abouts on the offer does it mention it being refunded? I couldn’t see it on ours 

Valacarno12

gashead1989 said:

Valacarno12 said:

Due to get the keys this Friday, everyone in order by sounds of it. 

On our Offer it says refund of valuation fee upon completion of mortgage. Does that mean after final payment is made in about 35 years we’ll get the refund?

Where abouts on the offer does it mention it being refunded? I couldn’t see it on ours 

We had HTB and says in our offer under fees I think. 

Nibakes

Hey, just wondered if anyone has got a mortgage with precise with 4.5year unsettled CCJ? We literally just found out about the ccj when declined for mortgage with Barclays,  valuation was completed then we got the decline due to credit. Was advised that if we pay it it will still remain in file until it has been 6 years. Shall we pay it off? Does precise have a minimum about of time a ccj has to be settled? 

homeowner_wannabe

Nibakes said:

Hey, just wondered if anyone has got a mortgage with precise with 4.5year unsettled CCJ? We literally just found out about the ccj when declined for mortgage with Barclays,  valuation was completed then we got the decline due to credit. Was advised that if we pay it it will still remain in file until it has been 6 years. Shall we pay it off? Does precise have a minimum about of time a ccj has to be settled? 

Got the below from the website, hope this helps might be best to pay it off if you can afford to.
Residential Mortgages

Temporary changes to our maximum allowable adverse criteria.

Defaults: 0 in 24 months

CCJs: 0 in 24 months

DMP: 0 in 6 years

Mortgage arrears: 0 in 12 months, 1 in 36 months (worst status)

IVA and bankruptcy: Must have been discharged for 6 years

Repossessions: Are not accepted

Applicants must not have had any defaults, CCJs or mortgage/secured arrears recorded in the three months before application.

Please be aware that further restrictions may apply, depending on the product chosen. See relevant product guide for further details.

Kelda1

Anyone know how long from application to paper work getting looked at in the current climate ?