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Precise Mortgage Aplication jessnat995

Posted: Thu Mar 02, 2017 9:00 am
by speedboat
Hi Everyone,





Like everyone I so nervous,





Me and my wife have gone through a broker, with precise,





we have got an agreement in principle for a new build house with the help to buy, Our broker has put in a full application, I can see precise have done HARD search on my file and take £410 valuation fee.





We have 1 default which is back in 2013 and 2 settled in 2014, so none in the last 24 months,

We have Taken out a loan to pay of a car finance which was at a better rate, which we have told out Broker and supplied all information,





I am so nervous about the outcome as we have secured a new build we like and paid the fee to hold it,





I know its a bold subject but could anyone share any thought on if we should be ok?





thank you in advance,

Posted: Fri Mar 03, 2017 12:09 am
by MinecraftPunk34
I think you will be fine. With only 1 default though and over 24mths old I would have tried high street rather than sub-prime as I suspect many of the usual lenders would have accepted you.

Posted: Fri Mar 03, 2017 7:47 am
by speedboat
I hope so, You think I would have been accepted? even with the 2 settled in 2014?





Also do you think taking out the loan to clear the other will effect it? we have declared it with the broker when she got us an AIP





Its so stressfull, haha

Posted: Fri Mar 03, 2017 6:52 pm
by lucoatom
You have engaged your broker. You need to trust them. If the case was likely to fall over due to your credit situation it would have done so by now in 99% of cases.



Unfortunately, mortgage offers do not arrive overnight so you need be try to be patient.

Posted: Sat Mar 04, 2017 5:56 am
by speedboat
Thank you amnblog, yeah I guess I just have to wait, just very nervous.





im more nervous that the new loan will put them off,





have you dealt with precise before?

Posted: Sat Mar 04, 2017 12:24 pm
by lucoatom
Only every week.

Posted: Sat Mar 04, 2017 7:33 pm
by speedboat
has any one dealt with them recently, if so how long is there turn around time at the minute, ?





also has anyone been asked for more information,?





ive sent 4 months statements

3 months pay slip,

ID

Posted: Sun Mar 05, 2017 1:57 am
by MinecraftPunk34
I was rejected by Precise fir so,enjngbthat wasnt even on their t&c's but accepted by YBS for a standard mortgage on a much better rate!

Posted: Sun Mar 05, 2017 4:25 pm
by speedboat
did they say why?

Posted: Mon Mar 06, 2017 4:03 am
by MinecraftPunk34
I had 3 months of arrears going back 8 years! this was a no fir them. It wasn't even an issue with YBS...and the rates were much better.