We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Precise mortgages
Johnsmum
Posts: 3 Newbie
I have got a decision in principle from Precise through a mortgage broker. The broker helped with my house search and recently had an offer accepted. I have now been told that precise won't lend on the property as its an ex council property!!! I am confused.....shouldn't I have been informed of this criteria before going ahead and making an offer? Has any one else had this experience?
0
Comments
-
It's very difficult to go through every possible exclusion in a lender's criteria and send you out to view fully armed like a broker himself.
Did you make clear to the broker you were looking at ex-local authority property?I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Yes, she arranged the viewing and negotiated the buying price.0
-
Sounds more like an Estate Agent than a mortgage broker.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
They are a broker but they also provide other services0
-
I was looking at Precise and it does say they don't lend on ex-council amongst many other types. Try magellan?0
-
Sorry to hear your predicament, did you have to pay any fees ?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards