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    • starrybear
    • By starrybear 5th Jul 16, 2:57 PM
    • 56Posts
    • 5Thanks
    Precise Mortgages - how long from application to offer?
    • #1
    • 5th Jul 16, 2:57 PM
    Precise Mortgages - how long from application to offer? 5th Jul 16 at 2:57 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 9
    • Lyndseyjack
    • By Lyndseyjack 2nd Oct 16, 6:52 PM
    • 17 Posts
    • 9 Thanks
    So far our application went in on Friday 1st October and valuation fee was taken the same day!!

    Hopefully not a long wait. We have literally submitted every bit of paperwork possible so hoping they won't come back for more!!
    • Lyndseyjack
    • By Lyndseyjack 2nd Oct 16, 6:54 PM
    • 17 Posts
    • 9 Thanks
    I'm sure it's around 6 days but people have said their getting theirs back within 2-3 days.
    • Tini24
    • By Tini24 4th Oct 16, 11:18 PM
    • 1 Posts
    • 0 Thanks
    Hi can anyone help and calm my nerves. We got declined for mortgage with aldermore broker has now submitted application with precise. My credit report has nothing wrong however my partners has recent late payments on a catologue he has now paid them all upto date but still show as missed on credit report Has anyone had the same issue and been accepted
    • Hilda12345
    • By Hilda12345 11th Oct 16, 4:46 PM
    • 7 Posts
    • 1 Thanks
    Hi Tini

    I was declined by Aldermore as I got a default registered against my name for 230 whilst mid application, they were very strict.

    I went to Precise and I got my offer through last Thursday, it took about 5 weeks for them to assess the application plus 2 weeks for my mortgage broker to review all the documentation. I would advise getting a good broker to get you through Precise.

    Good Luck,
    • kingstreet
    • By kingstreet 11th Oct 16, 5:08 PM
    • 33,342 Posts
    • 18,032 Thanks
    05/10/16 - BTL application submitted to Precise (80% newbuild flat).

    05/10/16 - declaration and direct debit uploaded.

    11/10/16 - valuation instructed.
    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.
    • Lyndseyjack
    • By Lyndseyjack 12th Oct 16, 7:44 PM
    • 17 Posts
    • 9 Thanks
    OK so our story so far....

    Application went in on 7th October. They took valuation fee the same day as well as full credit checks. 14th October they returned our valuation fee. I spoke to our broker who said they would look into it. Eventually got back to us today to inform us Precise have returned our application due to a default registered in the last 3 months. I'm at my wits end with this company. We have not had a default for over 3 years now so I'm unsure of where this has come from. Brokers have requested all copies of credit files from Experian and Equifax which we sent today. Absolutley nothing on them. We have no debt apart from a 8500 lol an which Precise are aware of. I' confused and disheartened with the whole situation. We've had a clean sheet for over 3 years and seem to be getting no where with this company.
    • Methi245
    • By Methi245 13th Oct 16, 8:50 AM
    • 2 Posts
    • 0 Thanks
    Newbie here. Full app made 26/09 valuation fee taken few days later direct debit confirmation letter received 05/10 request for further info i.e. Landline number and employers number, informed valuation instructed then all quiet.

    FTB new build l need an answer soon as losing sleep and weight
    • Neliltsylor5
    • By Neliltsylor5 19th Oct 16, 8:36 PM
    • 15 Posts
    • 7 Thanks
    I can honestly say most of you reading through this thread could have got a high street non sub prime mortgage , did you actually speak to any high street lenders to see if you could apply ? You would be surprised given you are getting a secured loan how flexible they are ...... Even with a poor credit score it's all about affordability , if you have defaults over 2 years old definitely try high street lenders
    • Rileybaby
    • By Rileybaby 10th Nov 16, 8:20 PM
    • 214 Posts
    • 130 Thanks
    I can honestly say most of you reading through this thread could have got a high street non sub prime mortgage , did you actually speak to any high street lenders to see if you could apply ? You would be surprised given you are getting a secured loan how flexible they are ...... Even with a poor credit score it's all about affordability , if you have defaults over 2 years old definitely try high street lenders
    Originally posted by Neliltsylor5
    Can I ask what high street lenders you would recommend? I have a Dip with precise at the moment and assumed maybe wrongly that a high street lender wouldn't touch someone with a poor credit rating.

    The affordability is not an issue a all. But my credit is not great following a divorce!
    • starM
    • By starM 28th Nov 16, 9:53 PM
    • 1,353 Posts
    • 179 Thanks
    Hi, We have obtained AIP from Precise Mortgage to remortgage BTL and to obtain new BTL property.

    I have paid the valuation to the broker so hopefully will hear more update wothin afew weeks.

    A questions which went out of my mind and didnt ask the broker.

    Does Precise allow extra payments to be made on the mortgage without occuring ERP? I know most mortgage companies allow 10% but I am not sure of precise.

    • Clarence16
    • By Clarence16 29th Nov 16, 1:53 PM
    • 1 Posts
    • 0 Thanks
    We are currently going through the application process with Precise, offer not received as had to send poa etc but have had DIP. My boyfriends doctor has advised her has a period of sick leave due to stress at work. Will this affect the application/offer?
    • Issy31
    • By Issy31 17th Jan 17, 7:26 PM
    • 1 Posts
    • 0 Thanks

    We are nervously awaiting news from Precise regarding our mortgage offer. We had submitted all the evidence our broker asked for only to be asked a week later for another three additional documents. Is this a good sign that we have been asked for more evidence rather than being declined?
    Has anyone been asked to submit evidence several times and still been declined after weeks of this back and forth comunications with Precise?

    • ellison007
    • By ellison007 18th Jan 17, 1:20 PM
    • 66 Posts
    • 17 Thanks
    Hi, just wondering how your app with Precise went? Did you move into the house?

    We have an AIP with Precise at the moment & I have seen a 'soft credit check' on my Experian report. Is that what happened to you? Which CRA's did they check at full app? Was it just Equifax & Experian or Equifax, Experian and Callcredit?

    Many thanks...
    • Blank2017
    • By Blank2017 18th Jan 17, 1:27 PM
    • 1 Posts
    • 0 Thanks
    Hard search of just Equifax & Experian, done at full app. Valuation done this week. Waiting for offer. ARRRRRGGGGGGH.
    • billy1010
    • By billy1010 7th Feb 17, 7:48 PM
    • 2 Posts
    • 0 Thanks
    Got our DIP today, Debt to income ratio was high so had to agree to repay some CCards with gift from my parents. Will not accept my husbands income even though he has a gov pension so having to rely solely on my income. Will be glad when we get a full decision.
    • Dizzy88
    • By Dizzy88 2nd Mar 17, 9:14 PM
    • 10 Posts
    • 0 Thanks
    Precise application bank statements
    Hello everyone,

    New to this thread- so pleased I've found it!!

    Recently passed DIP with Halifax however declined by underwriters. I have a mortgage in sole name with halifax for 5 years. However my husband has two CCJS one due to drop off next month, the other next May. Both nearly 5/6 years old. My question is based around bank statements. Recently married in august, honeymoon in October followed by Christmas. January we were quite skint in terms of bank account. We have savings of 18k and all my credit card debt has just been paid by my lovely mum. My husband has about 3500 on a cc and I have car finance monthly 300. Salary- 50/60k my husband been in same job for 4.5 years. I'm a teacher- recently carried out supply work back end of last year and found permanent position for January. Been in this job coming into month 3 and have my permanent contract to show. My credit history is excellent never missed a payment! How much impact do bank statements and spending have on the application? I'm feeling very worried about December and January bank statements! We also have a car payment that my husband took in his mums name 3 years ago. We pay Audi directly for this from our joint account. THe lease is up beginning of April for this car therefore it will be returned to the dealer and we will nonlonger pay it. How will precise perceive this? Will it even go against us as it's not essentially our financial agreement although we pay it? Any advice/thoughts would be greatly appreciated! An anxious mum of two!!

    Any advice/thoughts suggestions would helps
    • XSam.dx
    • By XSam.dx 21st Mar 17, 8:03 PM
    • 1 Posts
    • 0 Thanks
    I have been scanning through this thread for the excruciating weeks we have been dealing with our broker and precise. They requested more information regarding a few of my direct debits and proof of address for 2014
    but the valuation for the new build has came back satisfactory. Now it's a long wait to see what the underwriters say I guess!!
    • Dizzy88
    • By Dizzy88 22nd Mar 17, 6:46 PM
    • 10 Posts
    • 0 Thanks

    Are they the only documents precise requested from you bedor valuation?

    We've been back three times with documents- over the last 3 weeks.

    The final ones were submitted today- I'm a nervous wreck! As who knows if they will want more! I would say you're nearly out of the woods now your valuation has been requested! That's all I'm waiting to hear about.
    • jennicapel
    • By jennicapel 29th Mar 17, 8:26 PM
    • 1 Posts
    • 0 Thanks
    Hi everyone!

    We've currently been waiting around 4 weeks for our (hopefully) offer with Precise.

    So far they have asked for -
    *3 months bank statements each
    *proof of identity each
    *3 months bank statements current jobs
    *P45 each
    *Letter from me explaining why my passport signature is different to my current signature (I was 15 at the time of my passport issue)
    *Letter from OH employer to state that he will be transferring within the same company to be closer to home just after completion
    *Last payslip from previous employer and first from the current (both of us)
    *gift deposit letter
    *proof of bank transfer from gifter to us in statement form
    *proof of original source of lump sum gift

    Our valuation has been completely, all is ok. We are just waiting for OH headteacher to sign the damn letter so we can send that on it's way!

    Anyone had experience of Precise being funny about one of the applicants working away during the week? They told our broker that had OH not been transferring, they would decline!

    • Katie1988
    • By Katie1988 1st Apr 17, 1:31 PM
    • 42 Posts
    • 1 Thanks
    We had our application put in with presice on 24th march
    We also had a letter for direct debit instruction and they have took the money for valuation which is happening on april 6th
    Got a phone call asking for mine and my husbands p60s and that's it.
    I'm currently on maternity leave at the moment. Just worrying now that we are going to be declined . Such a stressful time.
    Hows everyone else getting on x
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