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Precise Mortgages - how long from application to offer?

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Comments

  • Millybob90
    Millybob90 Posts: 25 Forumite
    10 Posts Name Dropper
    Is anyone else going through with precise whos self employed whose temporarily had to stop trading? I got my mortgage offer in December but they refused to release funds night before completion because boris announced lockdown.
  • _AandL_
    _AandL_ Posts: 88 Forumite
    10 Posts First Anniversary Name Dropper
    Millybob90 said:
    Is anyone else going through with precise whos self employed whose temporarily had to stop trading? I got my mortgage offer in December but they refused to release funds night before completion because boris announced lockdown.
    I’m currently going through application with them. My income has dipped due to the virus. I’m still trading from home.
  • Millybob90
    Millybob90 Posts: 25 Forumite
    10 Posts Name Dropper
    _AandL_ said:
    Millybob90 said:
    Is anyone else going through with precise whos self employed whose temporarily had to stop trading? I got my mortgage offer in December but they refused to release funds night before completion because boris announced lockdown.
    I’m currently going through application with them. My income has dipped due to the virus. I’m still trading from home.
    Have they revised your offer or using current figures? .. I have proof of ability to repay and now given a re opening date just wondering if they have any flexibility 
  • _AandL_
    _AandL_ Posts: 88 Forumite
    10 Posts First Anniversary Name Dropper
    We used my tax return but have a feeling they’ll want to go off current figures, waiting for my ma to let me know. Our dip already went down by £20,000 already. 
  • Millybob90
    Millybob90 Posts: 25 Forumite
    10 Posts Name Dropper
    _AandL_ said:
    We used my tax return but have a feeling they’ll want to go off current figures, waiting for my ma to let me know. Our dip already went down by £20,000 already. 
    Ye I had that.. lowered it by 30k .. just a nightmare 

  • _AandL_
    _AandL_ Posts: 88 Forumite
    10 Posts First Anniversary Name Dropper
    Was that after the mortgage was offered?
  • Millybob90
    Millybob90 Posts: 25 Forumite
    10 Posts Name Dropper
    Before it was offered... after it was offered I exchanged contracts and day before completion they refused to release funds.
  • _AandL_
    _AandL_ Posts: 88 Forumite
    10 Posts First Anniversary Name Dropper
    Millybob90 said:
    Before it was offered... after it was offered I exchanged contracts and day before completion they refused to release funds.
    That’s awful! Was it a sole or joint application? 
  • Amy32
    Amy32 Posts: 124 Forumite
    100 Posts First Anniversary Name Dropper
    Millybob90 said:
    Before it was offered... after it was offered I exchanged contracts and day before completion they refused to release funds.
    Gosh, that is horrendous! What did you do? 
  • Millybob90
    Millybob90 Posts: 25 Forumite
    10 Posts Name Dropper
    _AandL_ said:
    Millybob90 said:
    Before it was offered... after it was offered I exchanged contracts and day before completion they refused to release funds.
    That’s awful! Was it a sole or joint application? 
    Sole. I think it makes it more difficult but they are definitely taking a harder stance with s.e
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