Precise Mortgages - how long from application to offer?
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Just though I would join in as we are awaiting to be accepted from precise also. The full application went in on Monday and so far all we had to do is change solicitors. We recieved the direct debit confirmation today which states "if" you are accepted. I'm just wondering at what stage they are... Have they flicked through all paper work yet? This is so stressful lol.... Broker reckons we should know something tomorrow? Not too sure though x
I am a mortgage broker and as such used Precise many times - as with any lender you just need to know how their systems work and the time frames they work to - when any lender gets in a lot of business the time taken to review information starts to take longer - most lenders will tell brokers what their current service level are and it up to us as brokers to keep our clients informed and hence take the stress out of the mortgage process.
This response is for information only.
Alan do you think if our advisor if shes confident thats a good thing or genrally do they not kmow, we have had a mortgage in principal so if thats been accepted which it has do you think its likely the whole thing will be.
Our money was taken same day as the application was submitted. And then yesterday I had the direct debit confirmation sent so im
Hoping this means they have actually had a look at our appliction. Our broker said we should know by today but I'm not convinced as I've heard they can be quite slow. Also my husband checked on experian and we have both had searches done by them on Monday. Let's hope if anything they didn't like would have flagged up and we would have known about it. Yes my husband had defaults in the past .. 2 coming up to 6 years this September and the last in two years old. All settled but his score isn't the best. Mines average according to noddle.
Anyone had any updates?
Thanks guys! Nice to chat to people who are in the same position.
It must be borne in mind that lenders have 1000's of applications on the go at any one time from brokers all over the country and it therefore takes time for applications to be processed with lenders usually operating a strict system - looking at Precise times today they are working on applications received on 11 July 2016.
I am a mortgage broker and this is for information only.
Ohh I can completely appreciate they must be busy. Thank you