PRECISE MORTGAGES: Reviews And Applications Processes 2023

Precise Mortgages Intermediaries and application Process

A report reads over 6.8 million people are house owners in the UK. Even with this report, there are several people that need mortgage loans but were denied by regular mainstream lenders as a result of bad credit or other reasons. However, precise mortgages offer to meet the mortgage need of people even when other mortgage firms turn them down. This article covers the application process of precise mortgages for intermediaries as well as reviews. It also includes some of the fees you will pay before the processing of your application. While the application process takes care of how to apply for precise mortgages, the reviews cover peoples opinion of specialist lenders mortgage firms.

Precise Mortgages

Several people need mortgages on properties but some were denied because of one reason or the other which includes bad credit rating. Precise Mortgages exist to meet such needs. The precise mortgage is a flexible mortgage firm that specializes in providing mortgages and lending services through a nationwide network of intermediaries. Intermediaries mean precise mortgages is a broker-only lender that does not sell to the general public. It attends to clients through intermediaries.

There are solutions for buy to let and residential mortgages, bridging credit, as well as second charge loans.   Over the years, they have been recognized for their ability to give out mortgage loans to individuals with various mortgage needs. They are famous for being more liberal in their mortgage and loan approvals due to their credit risk management system. They are also good options for remortgaging your property.

What Kind Of Loan Do Precise Mortgage Provide?

The precise intermediaries mortgage services include the following

#1. Buy to sell mortgage

#2. Residential mortgage

#3. Bridging loans

#4. Second charge loans

Precise Mortgages Intermediaries

Initially, mortgage providers only give loans directly to the public once they are sure you have no credit issues. Precise was the first of its kind to offer loans to people through intermediaries with all manner of credit ratings. Even though you must apply for a mortgage through a broker, it must also be through their licensed and authorised mortgage counsellors. Because their mortgages intermediaries are the only ones allowed to sell their products. Therefore, anyone who intends to apply for precise loans must go through their intermediaries. Additionally, intermediaries are provided with a list of guidelines that they used in matching applicants to their exact need to reduce the rejection rate.

Precise Mortgages Application Process

Always remember that precise works with intermediaries. That means you can not apply for their mortgages directly except a broker provides propose your application to them. How then do you apply for precise mortgages?

Step By Step Precise Mortgage Application Process

Since precise mortgages require intermediaries, it is important you contact a broker that will hasten your application process. Furthermore, there are three stages your application goes through with precise lenders. The Dip, the full mortgage application and the completion.

The Dip

A Broker will file your mortgage request to precise mortgages. This first stage is known as a dip. When it comes to dip, there are three responses of which you will receive one. These are Accept, Refer or Decline.

Accept: Accept means your broker can go ahead and proceed with your application

Refer: Refer means the firm’s underwriters will have to examine your proposal and come up with other means of helping the client get access to a loan.

Decline: decline is an outright refusal and this only means you will have to reapply at some other time.

The Full Application

When a client proposal’s move to the second stage, the firm’s underwriters will evaluate the applicant case. But before this happens, applicants are to pay a fee known as the application or valuation fee. This is £180.  One other important thing to note is that the £180 is non-refundable and is no guarantee that you will be offered a loan. If there is a need for additional information their team will contact you for it. To make applications easier to accept, you can check out the Buy to let or residential mortgage submission guides.


When it comes to the precise mortgages application process, valuation is extremely important. They do not just give out loans without critically assessing the property question. The cost of valuation also depends on the value of the property. Although there are properties that will get a free valuation, this also depends on the exact deal you want with precise.

The firm orders a valuation after receiving all of the necessary documentation. They mostly work on any extra documentation while the valuation is being completed to ensure that the case moves forward as swiftly as feasible. Once the firm’s experts are okay with the valuation stage, they proceed to the next stage which is ready for the offer stage.

Issuance Of Offer

Final checks will be performed by experts to ensure that everything is in working condition. Usually,  they issue the regular offer documents and other documents. Other documents include the acceptance of the offer to the customer and deed of Guarantee Indemnity and the Legal Advice Confirmation

Post Offer

Once all of the offer requirements have been met and the signed and dated paperwork has been returned to us by mail, it will be verified for correctness by our Post Offer team


Most often, the precise mortgages usually contact all parties to check all of the details on their system are right once all documents have been received, including the Certificate of Title from the customer’s solicitors. After this, an arrangement is made for your loan to be released. 

Precise Mortgages Reviews

Twelve years after it was launched with just 27 people in the spring of 2010, precise mortgages have risen to be a giant name in the mortgage industry.  The first service mortgage company that was established in Wolverhampton has grown to be one of a kind. With over 11 years of experience, what is the customer reviews of precise mortgages? It is important to note that not every deal will pull through, this means It is not every client that visits precise mortgages will be satisfied with their offer, Let’s take a look at the reviews of the precise mortgage.

Excellent service

A satisfied customer commended their excellent service. “I would recommend precise mortgages 100% !! They helped me from start to finish with my mortgage and kept me updated throughout the process and made it less stressful thanks so much”. Amanda

Brilliant customer service, great rates

Another satisfied customer who had bad credit gave another prominent review. They were able to get an astounding offer at a cool rate with precise mortgages. In his word”We had trouble finding a mortgage as we had quite a bad credit rating but our broker managed to get a deal that was great for us as first-timers with precise mortgages”. It was fixed for 2 years allowing us time to settle down to being homeowners and then we have the option of going elsewhere or negotiating a better rate. We have had no issues so far, an annual statement and they have been able to provide any information we’ve needed within a few days. A great option for those who can’t get a mortgage ‘on the high street’


“Thank you for helping me with my challenging situation on time”

Satisfactory Service

“The process was rather laborious, but I imagine it’s the same now whoever you apply for a mortgage with. That aside, we were very happy with ‘Precise’ mortgages who made the whole completion process very easy and we would most certainly recommend them”.

Stressfull Process

While some are happy with their mode of operation, some are not. A customer highlight the entire process is stressful to clients.

Fees Overcharge

Another dissatisfied client complained of the valuation cost on his buy to let property. What’s worst, the fees are non-refundable.

Irrespective of the negative comment the firms received online on Trustpilot, they made out time to reply to clients opinions of them that depict the level of their commitment to excellence.

Disclaimer: The above review were gathered from Trustpilot and smallmoneypeople.


Irrespective of the kind of loan you need, precise mortgages get your back on all with the diverse deals they offer to clients. Just ensure you apply through a licensed intermediary and you will be surprised at the level of consideration they put in place to help people with money needs.

FAQs On Precise Mortgages

How long does a precise mortgage offer last?

Mortgage offers for new build properties are valid for six months from the date of valuation, but can be reviewed and may be extended for up to an extra three months if the completion date slips due to circumstances outside your control.

Can mortgage be declined after valuation?

A lender may decline a mortgage after a valuation if the value you indicated on your mortgage in principle was far below or above the property’s true value. A lender may have a loan to value range which is part of its lending criteria and could decline your mortgage after a valuation if it doesn’t fit its criteria

Why would you get rejected for a mortgage?

These are some of the common reasons for being refused a mortgage: You’ve missed or made late payments recentlyYou’ve had a default or a CCJ in the past six yearsYou’ve made too many credit applications in a short space of time in the past six months, resulting in multiple hard searches being recorded on your.

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These are some of the common reasons for being refused a mortgage: You've missed or made late payments recentlyYou've had a default or a CCJ in the past six yearsYou've made too many credit applications in a short space of time in the past six months, resulting in multiple hard searches being recorded on your.

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