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Bluestone Mortgages

Hi all,
Just wondering if those with experiences with Bluestone can help.
I have an application in with them and the developer has called to inform me that the valuation will take place on Monday. 
Does that mean they have completed the underwriting? 

Comments

  • MovingForwards
    MovingForwards Posts: 17,139 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    No, because it all goes back to the underwriter when the survey comes in.

    They were pretty quick after the surveyor went to see the property I'm buying.

    Probably a week after the survey you will know.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • MrsCW83
    MrsCW83 Posts: 5 Forumite
    Seventh Anniversary First Post Combo Breaker
    Thank you. That helps calm my nerves a little. It’s the unknown that’s the hard part!!! 
  • ACG
    ACG Posts: 24,473 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    The underwriter will have done 99% of the work prior to instructing the valuation. The chances of you being declined now is very very slim (I have never had a customer declined with that at all, let alone one who has gone through the underwriting process and come out the other end). 
    I am a Mortgage Adviser
    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.
  • MrsCW83
    MrsCW83 Posts: 5 Forumite
    Seventh Anniversary First Post Combo Breaker
    Thank you very much for taking the time to respond. I will certainly come back and let you know what happens! 
  • JOG79
    JOG79 Posts: 4 Newbie
    First Post
    Hi did you hear back? 🙂
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