Precise Mortgages - how long from application to offer?

gemstar28

I think Friday but our broker had taken all documents in preparation so I’m not sure whether they’ve asked to see them yet.

Clairelou86

gemstar28 said:

Clairelou86 said:

So quick update. Precise have come back with some queries on bank statement and partners wage slips. Hoping there will be no more questions after this would just rather know. So frustrating! How’s everyone else getting on? 

What questions did they ask about bank statements if you don’t mind me asking? 

They queried my tv licence DD for £13!! Don’t know why they asked what it was as I think it’s clear but oh well. They asked for my next account statement showing current balance as this wasn’t declared on application. 

gemstar28

Clairelou86 said:

gemstar28 said:

Clairelou86 said:

So quick update. Precise have come back with some queries on bank statement and partners wage slips. Hoping there will be no more questions after this would just rather know. So frustrating! How’s everyone else getting on? 

What questions did they ask about bank statements if you don’t mind me asking? 

They queried my tv licence DD for £13!! Don’t know why they asked what it was as I think it’s clear but oh well. They asked for my next account statement showing current balance as this wasn’t declared on application. 

Thanks - we have the same DD so maybe that’s one question to expect lol 

Clairelou86

To be honest we thought we’d escaped the questions with only asking for p60 however it appears it has gone for underwriting after the valuation and the questions have started! Hope everything goes ok for you. Our application went in on the 5th feb.

_AandL_

Anyone heard anymore from precise? 

Clairelou86

Sent response to questions and additional paperwork today I.e another bank statement they asked for and credit card statements. I believe it’s a 3 day wait now so thinking hear something later next week with More questions no doubt. How about you? 

homeowner_wannabe

Stick with it guys, I know the wait is agonising! Totally worth it though when you get the offer through! We completed today..... first night in our new home! 

Clairelou86

@homeowner_wannabe that’s amazing news! Enjoy 🏡 I really hope it all works out for us too.  I’m even returning back to work early from maternity leave for the mortgage. It’s the last available house and ticks all the boxes for us. I just don’t understand why instruct the valuation so early if it hasn’t been underwritten. There website states they only instruct valuation if they are happy with the paperwork so who knows 🤦‍♀️.

homeowner_wannabe

Clairelou86 said:

@homeowner_wannabe that’s amazing news! Enjoy 🏡 I really hope it all works out for us too.  I’m even returning back to work early from maternity leave for the mortgage. It’s the last available house and ticks all the boxes for us. I just don’t understand why instruct the valuation so early if it hasn’t been underwritten. There website states they only instruct valuation if they are happy with the paperwork so who knows 🤦‍♀️.

I know it is ridiculous, I remember getting excited because the valuation was instructed but then realized it could still go south! Fingers and toes crossed for you all will keep an eye out for your good news! Xx

Clairelou86

Thank you!! I will be sure to update either way. Happy new home 🥂 xx