Precise Mortgages - how long from application to offer?

Marlon1234

Hopefully they will...only untill they was happy with all our paperwork did they say the was sending out the surveyour..

shankerrison

Our broker sent our application through to precise last week, we got asked for the three years proof of address and they have accepted it and have not asked for further documentation. We had an email update today to say that our file was now in the queue for the underwriter to review, does anyone have any idea how long it typically takes?

AJK11

Fingers crossed for you @shankerrison

Ours went to the underwriter last week and they were happy with everything provided, it was just the proof of address they needed a different document for. I rang Precise today and they said that they will look at the documents we provided either by end of today or tomorrow. After that they will get valuation booked in. Ours went to the underwriter 2 days after we applied and I think they are still working to a 2 day turnaround so you shouldn't have too long to wait hopefully!

shankerrison

@AJK11 Thank you, you too!!

Hoping we have an answer by the end of the week, we've reserved a new build that is due to completed in summer so I don't want to get excited or anything yet until we have the offer in place. Super nervous!!

Marcg868

Just reserved our new home using the help to buy scheme.
Apparently we don't apply for the mortgage till build stage 7 and we are on 5.
Mortgage advisor got us a dip with precise. I have a satisfied default for £326 and partners has two missed payments on a provident loan which has £275 remaining.

Absolutely bricking it in case we get declined.

Whytetwns

Hi i know this might be the wrong place but not sure

My credit score is poor had problems in the past
I have 4 defualts on equifax between jun 2014 and Dec 2014 all settled 1month ago showing as settled
And 1 on experian settled this default does show on equifax also
Total balance for all togther is around 2000 pound
I did get credit cards with capital one
9 month ago started at 250 limit now standing at 2200 limit same time with aqua started with 950 limit know 1500
Defualts
Brittish gas oct 2014 balance 250 settled 13 jan 2018
Payday uk nov 2014 balance 500 settled jul 2014
Kindom credit jul 2014 balance 622
Settled 28 jan 2018
Indigo micheal dec 2014 settled 13 jan 2018

House price around 150000
Deposit put down 40000
Earning 23500

Can anyone tell me what my chances are and should i wait a bit longer

Whytetwns

The post not allowing me to edit

I will be a first time buyer and any help would be appreciated

james_19742000

Hi

Another person here getting in the Precise Q!!!

Been waiting a week now for them to Credit Check us for a DIP, they use Experian and cant find my partners old address, so they are having problems doing anything with the application, anyone else had this problem and how did your case proceed??

Thanks in advance?

elchapo

Whytetwns, I think a broker would be able to advise you best. You can also do a google search for Precise Residential Criteria and compare the requirements to your history.

elchapo

james_19742000, waiting a week for a DIP sounds a bit strange. Our broker got us a DIP immediately. I'd have thought it would have given a yes or a no based on the address history it can or cannot find. Can you see any obvious gaps on Experian where your partner is not showing on the electoral register?