Precise Mortgages - how long from application to offer? 5 July 2016 at 2:57PM edited 30 November -1 at 1:00AM in Mortgages & Endowments 1.9K replies 269.7K views

KLHughes

helzyb said:

Still no news! Dreaded CML form was sent back on Monday (3rd attempt). Valuation was fine on Friday. Hoping to hear tomorrow.

just keeping my fingers crossed they don’t ask for anything else....

They were really quick once valuation was done with us so could be tomorrow🤞 Actually its on 3pm today could still be the day! x 

KLHughes

*only not on🤦‍♀️

helzyb

We just got our offer so pleased x

helzyb

Our story/timeline in case it helps anyone.

History - several defaults 2 unsettled 2-3 years ago. Both is secure employment with fair salary’s. 5% deposit and HTB.
Oh and I have an overdraft that I use regularly but within limit.

29/4/21 ATP with HTB granted (took 4 days)
30/4/21 full application submitted
Broker very thorough went through bank statements etc to support application and asked all questions prior to submitting,
7/5/21 first questions: completion/exchange dates and asked for disclosure form.
14/5/21 valuation instructed - disclosure form rejected needed completing again (that happened 2-3 times)
21/5/21 valuation completed 
23/5/21 disclosure form sent back again 
26/5/21 Mortgage offer 
Hoping to complete at the end of June x 

Good luck I found the process stressful but they were really good.

KLHughes

helzyb said:

We just got our offer so pleased x

Brilliant!!! Congratulations!!!

angievaga

helzyb said:

We just got our offer so pleased x

Congratulations 🥳 that’s great news.

Does anyone know how long it takes to get paperwork from them? Xx

helzyb

Thank you x I’ve read on here about a week x

Awil31

Hello,
I'm self employed and currently applying for a mortgage with precise, it's a joint application with my fiancé and she isn't currently working as she's currently at part time university and looks after our two young girls, we do receive help from universal credit. Anyone had any experience with a situation similar to mine?

I'm getting nervous as everyone seems to be saying it's impossible for self employed to get a mortgage at the minute.

We've reserved a plot £171,995 on the Help to buy scheme. I am usually the well grounded one but my bottles totally gone haha.

Congratulations on the success stories.

helzyb

Awil31 said:

Hello,
I'm self employed and currently applying for a mortgage with precise, it's a joint application with my fiancé and she isn't currently working as she's currently at part time university and looks after our two young girls, we do receive help from universal credit. Anyone had any experience with a situation similar to mine?

I'm getting nervous as everyone seems to be saying it's impossible for self employed to get a mortgage at the minute.

We've reserved a plot £171,995 on the Help to buy scheme. I am usually the well grounded one but my bottles totally gone haha.

Congratulations on the success stories.

Hi

i would say make sure you get a good broker. Ours was no mortgage no fee so we don’t have to pay until we complete. I think from what I have read that if your mortgage broker puts you forward you have a good chance.

Melandpaul

Awil31 said:

Hello,
I'm self employed and currently applying for a mortgage with precise, it's a joint application with my fiancé and she isn't currently working as she's currently at part time university and looks after our two young girls, we do receive help from universal credit. Anyone had any experience with a situation similar to mine?

I'm getting nervous as everyone seems to be saying it's impossible for self employed to get a mortgage at the minute.

We've reserved a plot £171,995 on the Help to buy scheme. I am usually the well grounded one but my bottles totally gone haha.

Congratulations on the success stories.

If affordability is OK and your broker had put you for it.. you should be OK. I think I read on this thread someone who had got a morgage in similar situation to you.