Mortgage application with precise

Adam125

Hi , just joined up and looking for other sucsess storeys using precise , I have one ccj which I got last October , was then paid of in full in Jan this year all satisfied , I have no other defaults , credit cards , overdrafts store cards , no credit at all , but stupidly last year 2016 ,up till Jan this year , I was mis informed that taking payday loans would increase my credit rating , so I took say 7 out and paid them back within a few days , I didn't need the money , was just purely a credit score building idea , stupid of me I know , but I have all bank statements and can proove I had lots of money in the account at the time I got them.

We have a 25k deposit on a house value at 122500 , so borrowing 98k , we got advised precise was the only option we had ,

We have had the DIP passed , we was surprised at that , so then we proceeded with the full application , on which we thought we would be referred or declined , but again we was passed after the more in depth credit search , they then asked for the £600 valuation fee strait after the application , this was today 27th June , I'm just wondering if anyone else has had a similar situation and the outcome ,
My broker is ready to put a apeal in if it gets declined further down the line to try and proove we didn't need the loans and wasn't a sign of desperation or needed the money ???

So now we're just sat waiting going out my mind if we're going to get it or not

Anyone else been hear ?

anselld

https://forums.moneysavingexpert.com/discussion/5489568