Precise Mortgages reviews
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Precise Mortgages reviews
Review summary
People rate this company as Poor based on 30 product reviews
Latest positive rating
Never had a problem with them
I took out a mortgage in June 2015. Whenever I have called Precise they have been courteous. However, they didn’t offer me a new product... I took out a mortgage in June 2015. Whenever I have called Precise they have been courteous. However, they didn’t offer me a new product at the end of my two year period. So, I started overpaying my mortgage every month. I needed to go back to my broker for a new deal with precise, but he had moved away and some other brokers were wanting me to increase the length of my mortgage, which I wasn’t willing to do. So, I think precise are ok Read more Read less
Latest negative rating
Avoid Precise Mortgages Unfair Practices & Costly
Avoid Precise Mortgages – Unfair Practices & Costly Errors I had an extremely frustrating experience with Precise Mortgages, and I strongly advise others to be... Avoid Precise Mortgages – Unfair Practices & Costly Errors I had an extremely frustrating experience with Precise Mortgages, and I strongly advise others to be cautious. They charged me £450 for a valuation and then rejected my mortgage application based on incorrect and unverified information, despite clear evidence proving otherwise. Key Issues: Incorrect Assumptions: The surveyor falsely reported that my property was "tenanted" without context. In reality, I had a lodger under the Rent-a-Room scheme, which is fully allowed under my existing mortgage. Lack of Due Diligence: Instead of verifying the facts, Precise Mortgages wrongly assumed I was renting out the entire property under an AST and living abroad, leading to an unjust rejection. Financial Impact: Their error caused significant delays and additional costs, including a bridging loan and a second valuation costing £1,020. Unwillingness to Engage: My broker attempted to clarify the situation, but Precise Mortgages refused to discuss or rectify their mistake. Their rigid and unfair approach has caused unnecessary stress, delays, and financial loss. If you're considering applying with them, think twice—there are far more reasonable lenders out there. I complained and the person investigating took 3 months only to conclude the same without once checking the facts. I have now began legal proceedings against precise Read more Read less
About Precise Mortgages
Precise Mortgages is a lender that offers a diverse range of mortgage products, including buy-to-let, residential and bridging finance. Be sure that you understand the terms, conditions and interest rate of a mortgage. Always consult the lender or an independent advisor if you have any questions.
Buying a home is one of the largest financial investments many people will ever make. Therefore it’s important to find the right mortgage from a reputable lender. Check out the Precise Mortgages mortgage reviews on Smart Money People to gain valuable insight into the provider and its products.
Find out why borrowers chose Precise Mortgages as their lender and which mortgage they have. Read about how satisfied borrowers have been with the service they’ve received. Learn more about the application process and whether it ran smoothly or perhaps took longer than anticipated. Find out whether borrowers would recommend Precise Mortgages and its products to their family and friends. Make an informed decision when choosing your mortgage provider by reading our Precise Mortgages mortgage reviews.
Do you have a mortgage with Precise Mortgages? Tell us which mortgage you have and how satisfied you’ve been with it so far. Share your experience with the application process - was the lender supportive throughout? What are the main pros and cons you’ve experienced throughout your time with Precise Mortgages? Would you recommend the lender and mortgage to your family and friends? Whether good or bad, write an honest Precise Mortgages review today. Together, we can help people like you make better financial decisions.
Precise Mortgages at a glance
Reviews for Precise Mortgages
Showing 11 of 30 company reviews • Last reviewed within 14 days
Avoid Precise Mortgages Unfair Practices & Costly
Avoid Precise Mortgages – Unfair Practices & Costly Errors I had an extremely frustrating experience with Precise Mortgages, and I strongly advise others to be... Avoid Precise Mortgages – Unfair Practices & Costly Errors I had an extremely frustrating experience with Precise Mortgages, and I strongly advise others to be cautious. They charged me £450 for a valuation and then rejected my mortgage application based on incorrect and unverified information, despite clear evidence proving otherwise. Key Issues: Incorrect Assumptions: The surveyor falsely reported that my property was "tenanted" without context. In reality, I had a lodger under the Rent-a-Room scheme, which is fully allowed under my existing mortgage. Lack of Due Diligence: Instead of verifying the facts, Precise Mortgages wrongly assumed I was renting out the entire property under an AST and living abroad, leading to an unjust rejection. Financial Impact: Their error caused significant delays and additional costs, including a bridging loan and a second valuation costing £1,020. Unwillingness to Engage: My broker attempted to clarify the situation, but Precise Mortgages refused to discuss or rectify their mistake. Their rigid and unfair approach has caused unnecessary stress, delays, and financial loss. If you're considering applying with them, think twice—there are far more reasonable lenders out there. I complained and the person investigating took 3 months only to conclude the same without once checking the facts. I have now began legal proceedings against precise Read more Read less
I tried to pay money off the mortgage and each time...
I tried to pay money off the mortgage and each time after I paid them the money they found another reason not to assign it... I tried to pay money off the mortgage and each time after I paid them the money they found another reason not to assign it to my account and each time I phoned them they came up with a different reason. Shocking customer service and kept on hold for long periods - pick someone else. Read more Read less
Products from Precise Mortgages
Showing all products offered by Precise Mortgages
Mortgage
by Precise MortgagesAre you looking for Precise Mortgages mortgage reviews? At Smart Money People, people like you leave their Precise Mortgages reviews so that others can make better decisions about which mortgage...
Mortgage
by Precise MortgagesAre you looking for Precise Mortgages mortgage reviews? At Smart Money People, people like you leave their Precise Mortgages reviews so that others can make better decisions about which mortgage...
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