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  • FIRST POST
    • starrybear
    • By starrybear 5th Jul 16, 1:57 PM
    • 56Posts
    • 5Thanks
    starrybear
    Precise Mortgages - how long from application to offer?
    • #1
    • 5th Jul 16, 1:57 PM
    Precise Mortgages - how long from application to offer? 5th Jul 16 at 1:57 PM
    Hi all,

    I've searched for answers to this, but can't find anything recent.

    If anyone has dealt with Precise recently, I'd appreciate any insight into your timelines?

    Thanks in advance
Page 45
    • Kaggs!
    • By Kaggs! 9th Apr 19, 9:43 PM
    • 117 Posts
    • 7 Thanks
    Kaggs!
    I am wandering about the valuation fee too??
    • sharpeye
    • By sharpeye 10th Apr 19, 9:14 AM
    • 14 Posts
    • 3 Thanks
    sharpeye
    Update - Offer received on 5th April!

    Just waiting on surveys on our house now but all systems go
    • Gk2007
    • By Gk2007 10th Apr 19, 10:47 AM
    • 22 Posts
    • 3 Thanks
    Gk2007
    Thatís fantastic!
    Enjoy your new home 🏠
    • iaink
    • By iaink 11th Apr 19, 12:17 PM
    • 22 Posts
    • 3 Thanks
    iaink
    You will lose the valuation fee if they decline after performing the valuation.

    It sounds promising though!

    I heard back on 09/04 asking for clarification on who people were that are sending me money (daughters grandparents on both sides really) and querying some cash I paid in to my account in Feb 2019 that was a business investment. Sent loads of info for this so hopefully all is good.

    Not heard back on the valuation and how that’s went. Really hope it’s all good and theyll be happy after checking these docs.
    • Kaggs!
    • By Kaggs! 11th Apr 19, 12:24 PM
    • 117 Posts
    • 7 Thanks
    Kaggs!
    Ohh noo that’s bit harsh when you are trying to save.... fingers crossed we hear something soon ��
    • Gk2007
    • By Gk2007 14th Apr 19, 6:00 PM
    • 22 Posts
    • 3 Thanks
    Gk2007
    I really hope I get a mortgage offer before Friday!
    Donít think I can handle much more uncertainty!
    Keep referring to the house as ďourĒ house.. then thinking but what if itís not my house..
    • Kaggs!
    • By Kaggs! 14th Apr 19, 6:21 PM
    • 117 Posts
    • 7 Thanks
    Kaggs!
    OMG me too! It’s awful waiting isn’t it!? We went to pick our kitchen on Friday..... but might not even be our house yet :-0
    • iaink
    • By iaink 15th Apr 19, 1:02 AM
    • 22 Posts
    • 3 Thanks
    iaink
    Hopefully we all get at least some news this week coming!

    The wait is killer and itís not even been 3 weeks for me yet. Reading some of the other posts it seems like it could be a good bit longer.

    Iíve got my fingers crossed for us all.
    • Kaggs!
    • By Kaggs! 15th Apr 19, 7:22 AM
    • 117 Posts
    • 7 Thanks
    Kaggs!
    Fingers crossed, how long have you been waiting iaink?
    • iaink
    • By iaink 15th Apr 19, 11:33 PM
    • 22 Posts
    • 3 Thanks
    iaink
    Fingers crossed, how long have you been waiting iaink?
    Our application went in on 27/03/19 so it will be 3 weeks tomorrow (Wednesday). Feels like itís been months now though!
    • Kaggs!
    • By Kaggs! 16th Apr 19, 6:22 AM
    • 117 Posts
    • 7 Thanks
    Kaggs!
    Ohh that’s a while isn’t it! Have they requested a lot from you too?
    • iaink
    • By iaink 16th Apr 19, 12:55 PM
    • 22 Posts
    • 3 Thanks
    iaink
    Ohh that’s a while isn’t it! Have they requested a lot from you too?

    I've supplied:

    Credit report from Experian and CallCredit
    3 months bank statements (for all 4 current accounts)
    3 months credit card statements
    Proof of ID
    Proof of address
    P60 for the past 4 years
    2 years of payslips*
    Explanation regarding money sent and received between family*
    Explanation regarding cash pay ins (business investment - sent all the investment paperwork over)*


    Those marked with stars (*) were requested after our application was submitted.
    • Kaggs!
    • By Kaggs! 16th Apr 19, 3:08 PM
    • 117 Posts
    • 7 Thanks
    Kaggs!
    Ohh hope they done ask for much more from us... we have only given 1 years p60 each no credit card statements
    • iaink
    • By iaink 16th Apr 19, 3:20 PM
    • 22 Posts
    • 3 Thanks
    iaink
    Ohh hope they done ask for much more from us... we have only given 1 years p60 each no credit card statements
    They didn’t ask for all the P60s I just had them to hand and thought it would be quicker to include all of them.

    Since a large portion of my pay is bonus based they then asked for the years of payslips to confirm the payments.

    If you don’t rely on bonus payments making up your affordability then you’ll probably not be asked for anything so substantial.

    Credit cards weren’t requested but I thought I would include them as I had made a recent errort to clear them down to 50% having been up at nearly 100%. Sometimes briefly over limit.

    Hopefully you’ll hear more soon too. It’s hard waiting. Wondering.
    • Kaggs!
    • By Kaggs! 16th Apr 19, 3:22 PM
    • 117 Posts
    • 7 Thanks
    Kaggs!
    Ahh I see... I know! I’m so impatient and anxious
    • Gk2007
    • By Gk2007 16th Apr 19, 5:40 PM
    • 22 Posts
    • 3 Thanks
    Gk2007
    So I heard back today..

    The copy P60 from HMRC isnt suitable do now will have to wait until I receive this years.

    They questioning affordability again as there is a £100 difference between our rent and what would be mortgage.
    They are wanting explanations.

    Feel a bit deflated now..
    just canít see the light at the end
    • Kaggs!
    • By Kaggs! 16th Apr 19, 6:13 PM
    • 117 Posts
    • 7 Thanks
    Kaggs!
    What? We’ll surely they knew your earnings outgoings etc when they originally have d.i.p pfft
    • Gk2007
    • By Gk2007 16th Apr 19, 10:03 PM
    • 22 Posts
    • 3 Thanks
    Gk2007
    I feel like they are just making things impossible.
    Apparently the copy p60 I got from HMRC is no good and I need an original! So will have to wait until I receive this years! Good job itís april.
    They are wanting us to tell them how we will afford the mortgage..
    we have a joint income off 42k and wanting a 140k mortgage.
    We have your basic household bills..
    no finance cars, Credit cards or outstanding debts ect.. so I really donít understand.

    The amount off stuff I have already sent what they have asked for is ridiculous!
    Mortgage advisor said wont have an update until after Easter holidays now.

    Our adverse background is...
    me- 1 default from 2014
    Partner - 2 defaults - 2013 (comes off next months) and 2014
    No missed payments, CCJs ect..

    But Credit score is poor.
    • Kaggs!
    • By Kaggs! 16th Apr 19, 10:16 PM
    • 117 Posts
    • 7 Thanks
    Kaggs!
    Wot the hell?? Our advisors have told us they are really picky mind.... try not to worry (easier said than done) I’m sure it’s just protocol, have U had valuation? aparantly they won’t do that until they know they can lend to you?
    • iaink
    • By iaink 17th Apr 19, 2:19 PM
    • 22 Posts
    • 3 Thanks
    iaink
    So I heard back today..

    The copy P60 from HMRC isnt suitable do now will have to wait until I receive this years.

    They questioning affordability again as there is a £100 difference between our rent and what would be mortgage.
    They are wanting explanations.

    Feel a bit deflated now..
    just can’t see the light at the end
    Hey Gk2007,

    Don't give up hope there man. The fact they're still requesting documents and explanations at least means they want to lend to you.

    Not sure what would be best to say regarding how you'll afford the monthlies.

    If it's clear on paper that you have extra disposable income then I'd say something along the lines of: Well XXX is disposable income that we have to spare every month and spending some of this on a better place to live seems like a good use of the money.

    Not sure if broker may be able to advise better on what to say there or if it really has to come from you.
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