Precise Mortgages - how long from application to offer?
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terrinlw today & my stomach is churning. I have accepted an offer on my house aswell 😢
Thank you
he can 🤞
We have found loads that don’t charge a fee, including the brokers recommended by our developer but they don’t seem to understand adverse cases. I had to tell our developers brokers how long a default stays on our credit file 🙈
I used haysto so you say what's wrong with your credit or whether your self employed ect and they find you a broker who specialises in the situation. We're paying £1495 and a few extra bits on top but nothing major. We paid £250 once he found us a AIP and then once our mortage has been approved we will pay the rest off. So far so good 😊
House price £280k. Mortgage amount applied for £210K with 25% deposit.
DIP- 10/01/2021
29/01/2021- Found a house we liked and had offer accepted.
Full application submitted by broker- 08/02/2021
10/02/21- Additional documents requested:
Both of our driving licences again and signature discrepancy form. This is because my wife’s signature on her driving licence was different to the mortgage application paperwork. Normal story of her driving licence signature was done just after we were first married.
11/02/2021- more documents required.
-My P60 from last year. Initially we submitted my March payslip which had my YTD earnings with March being the end of the year. I couldn’t get my P60 at the time, but did in the end.
-Bank statement queries for me;
-Cash paid in (I sold our phones after upgrading and put the cash in the bank)
-PayPal credits (I sold a few bits on eBay)
-Bank credit from HMRC (tax refund)
Wife’s bank’s statements:
-PayPal credits (some of her customers pay through PayPal)
-Bank credits from being paid for doing some other adhoc work for a friends business
Incase anybody is wondering they ask a lot about credits going into your account, because they are suspicious that friends and family are sending money to help you get by which will make them question affordability.
18/02/2021- MB rang and confirmed that the underwriter was happy and booked the valuation (our MB made sure the valuation was put on hold until the underwriters were happy)
24/02/2021- Valuation carried out
02/03/2021- Mortgage offer received