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Precise Mortgages - how long from application to offer?

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Comments

  • KLHughes
    KLHughes Posts: 68 Forumite
    10 Posts Name Dropper
    Hi, does anyone know if the valuation fee is refundable? I’ve read that precise do the valuation straight away before underwrite with new builds and even though the broker says it fits criteria i’m still really panicking that it will decline because its quite a complicated case. So its not gonna be great losing nearly £500 if it declines to then have to pay another valuation fee to another lender 🤦‍♀️ Thank you
  • KLHughes said:
    Hi, does anyone know if the valuation fee is refundable? I’ve read that precise do the valuation straight away before underwrite with new builds and even though the broker says it fits criteria i’m still really panicking that it will decline because its quite a complicated case. So its not gonna be great losing nearly £500 if it declines to then have to pay another valuation fee to another lender 🤦‍♀️ Thank you
    I think its non refundable I'm just looking through my paperwork for you see if it says anything.
  • Mine was refundable after completion, not sure what happens if the application is not successful.
  • obc18
    obc18 Posts: 66 Forumite
    10 Posts First Anniversary Name Dropper
    Ours was refundable. The solicitor transferred it back to me a couple of weeks after completion.
  • KLHughes
    KLHughes Posts: 68 Forumite
    10 Posts Name Dropper
    Thank you for replying, I know its refundable if the application is successful but I’m thinking more if the application gets declined. Thanks again 
  • Millybob90
    Millybob90 Posts: 25 Forumite
    10 Posts Name Dropper
    I cant find anything in my paper work but im sure I was told if declined its non refundable.
  • Philippa91
    Philippa91 Posts: 26 Forumite
    10 Posts Name Dropper
    Just got a call from our MB saying we got our mortgage !!! We're over the moon 😁😁😁
  • Just got a call from our MB saying we got our mortgage !!! We're over the moon 😁😁😁
    Congrats!!  🍾🍾🎉
  • Philippa91
    Philippa91 Posts: 26 Forumite
    10 Posts Name Dropper
    Just got a call from our MB saying we got our mortgage !!! We're over the moon 😁😁😁
    Congrats!!  🍾🍾🎉
    Thank you 🥳
  • KLHughes
    KLHughes Posts: 68 Forumite
    10 Posts Name Dropper
    Sorry another question about precise 🙈 Were many of you asked for 12 months bank statements? I believe its 3 initially but wondered how often they then ask for 12 months worth. Thanks again x
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