precise declined

MendingAndHopeful2055
MendingAndHopeful2055 Posts: 11 Forumite
Third Anniversary First Post
edited 19 April 2023 at 11:29AM in Mortgages & endowments

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Comments

  • ACG
    ACG Posts: 24,439 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    This is one of the reasons why I stopped using Precise. 
    We had cases declined where everything fit criteria. It was frustrating as I always felt it made us look bad. 

    My opinion is that Precise are good for one off issues. As soon as you mix a few things together they are not very good. 
    In your case I imagine it will be the combination of the adverse, the increase in hours (fear you may reduce your hours back down once you get your mortgage) and change in circumstances. 

    My personal view is that I would never have sent this to Precise because there are too many things going on. In fact of all the specialist lenders, Precise is the one lender I would have avoided. That being said, I would not blame your broker too much. If they do not do a lot of adverse, it is an easy mistake to make.

    There should be other lenders though. 
    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.
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