Precise Mortgages - Decision in Principle

mchanot

Hi All
My first post, my first mortgage.
Long story short, previous poor credit rating, myself and wife. I have one default over two years ago. My wife has a fair few - all over two years ago.
Application made via Broker for mortgage with Help to Buy - accepted in principle. Have put down deposit to secure new property and paid legal fees.
Can anyone advise how their applications have gone with Precise, they are the only guys who can accept us. I've just received a £10k payrise WEF 1st October, which is more than my wife earns. We have a large deposit and the loan to value is under 65%. Just nervous as everything hinges with this lender.

Time2go

There is a great thread on here which gives normal experience . I applied myself nearly two weeks ago with htb.

Average seems to be 4 weeks.

Lilla_D

Just done a mortgage with Precise for a couple where there were defaults registered over 2 years ago - took a bit of time due to the company involved in one of the defaults, but eventually got there. As long as the broker checked the criteria, affordability, etc., I'm sure you'll get there too

charandkai

Our original mortgage application was with Halifax. They rejected, then rejected our Appeal, so now we're waiting on news from Precise. (We don't have bad credit, never missed any payments or anything, we're just self employed and Halifax wanted another years' books before even considering lending).

The application for Precise went in at the end of August. So this is week 6... it doesn't help that they've have a 5 day turn around which slows things down a lot! We had the valuation a couple of weeks ago and posted the last things they asked for today, so fingers crossed next week or the end of this week we get a decision.

elchapo

charandkai, How did you get on in the end?

Kaggs!

Ohh we are in the same position, praying for a miracle