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Precise Mortgages

Hey guys,

My mum has got an offer from Precise Mortgages. They are the only ones to offer a mortgage so far. I just wanted to know whether anyone has had any experience with them? Also, part of the agreement is that we have to use a solicitor from their panel. If we do not, we still have to pay them a fee for their solicitor as well as using our own.

Is that right?

Comments

  • ACG
    ACG Posts: 24,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    You must be using a broker to have access precise, why not speak to them?

    Precise have their place, theyre not the best or cheapest but they will do what others will not. If you do not use their solicitors you are having what is known as seperate representation. Your solicitors will do the work for you, their solcitors will do the work for them.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic

    Is that right?

    Lenders money. Lenders rules.
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