Bluestone Mortgages

Snow_Man84

Quick Update,
Just had an email from our MA to say that our Mortgage has been approved and the offer paperwork will be available within 24 hours. It has been a nightmare of a journey but it's final paying off 

caspre12

Kellyb88 said:

Hey guys, so I spent a good couple of hours reading through this thread. 
We have a mortgage application going through bluestone at the moment, it was submitted 23/12/20. The packaging is going through brightstar. So far we've had a few emails asking for more documents each week which is mostly the same documents we've allready sent over. Our housing development persimmons informed us last week an evaluation has been booked in for today. Is this a good sign? Will we finally get our decision soon? The wait has just been torture, constantly checking emails. We have used mortgage hut for our MA. We would rather know yes or no now so we can get over it an move on. Unfortunately this is our only chance at this moment in time of purchasing a property on the old H2B scheme. Has anyone else had any dealings with brightstar? They don't seem to move very quick.
Many thanks. 

We original had Brightstar through our Ma but was very slowly constantly asking questions and requesting documents. It was horrendous as it was about a week turnaround after we sent reply for 1 thing.  In end we have switch to Simply Adverse who pre underwrite so there’s no delays. 

Kellyb88

caspre12 said:

Kellyb88 said:

Hey guys, so I spent a good couple of hours reading through this thread. 
We have a mortgage application going through bluestone at the moment, it was submitted 23/12/20. The packaging is going through brightstar. So far we've had a few emails asking for more documents each week which is mostly the same documents we've allready sent over. Our housing development persimmons informed us last week an evaluation has been booked in for today. Is this a good sign? Will we finally get our decision soon? The wait has just been torture, constantly checking emails. We have used mortgage hut for our MA. We would rather know yes or no now so we can get over it an move on. Unfortunately this is our only chance at this moment in time of purchasing a property on the old H2B scheme. Has anyone else had any dealings with brightstar? They don't seem to move very quick.
Many thanks. 

We original had Brightstar through our Ma but was very slowly constantly asking questions and requesting documents. It was horrendous as it was about a week turnaround after we sent reply for 1 thing.  In end we have switch to Simply Adverse who pre underwrite so there’s no delays. 

That's exactly what it's been like for us, each week seems to be asking for a repeat of the same documents. It's so frustrating! The thought of having to start a fresh with another MA seems daunting, but saying that ours don't seem to really care. We now speak to MA administrator,  I'm always emailing them then they will come back with brightstar has requested such and such documents. Just hoping we will get a decision this week. Have you had you're mortgage offer? 

szac976

Snow_Man84 said:

Quick Update,
Just had an email from our MA to say that our Mortgage has been approved and the offer paperwork will be available within 24 hours. It has been a nightmare of a journey but it's final paying off 

congratulations!

caspre12

Kellyb88 said:

caspre12 said:

Kellyb88 said:

Hey guys, so I spent a good couple of hours reading through this thread. 
We have a mortgage application going through bluestone at the moment, it was submitted 23/12/20. The packaging is going through brightstar. So far we've had a few emails asking for more documents each week which is mostly the same documents we've allready sent over. Our housing development persimmons informed us last week an evaluation has been booked in for today. Is this a good sign? Will we finally get our decision soon? The wait has just been torture, constantly checking emails. We have used mortgage hut for our MA. We would rather know yes or no now so we can get over it an move on. Unfortunately this is our only chance at this moment in time of purchasing a property on the old H2B scheme. Has anyone else had any dealings with brightstar? They don't seem to move very quick.
Many thanks. 

We original had Brightstar through our Ma but was very slowly constantly asking questions and requesting documents. It was horrendous as it was about a week turnaround after we sent reply for 1 thing.  In end we have switch to Simply Adverse who pre underwrite so there’s no delays. 

That's exactly what it's been like for us, each week seems to be asking for a repeat of the same documents. It's so frustrating! The thought of having to start a fresh with another MA seems daunting, but saying that ours don't seem to really care. We now speak to MA administrator,  I'm always emailing them then they will come back with brightstar has requested such and such documents. Just hoping we will get a decision this week. Have you had you're mortgage offer? 

Exactly like us, we didn’t feel like getting anywhere. Turned to this forum and read people’s reviews of different brokers and went with SA, we’ve got further with them in 2 weeks then we ever did with the months waster with bright star. No offer yet will come after valuation so I reckon next week or week after

Lolly632

I've been reading this thread as our MA have put a full application into Bluestone after an AIP on 07/01/2021. The application went in last Thursday so aware we may be waiting sometime before full offer.
I haven't seen any declines on here after AIP from Bluestone which gives me some hope.
We never thought we would be in the position to even get this far so the wait for a decision is going to be a painful one!
Our agents are pushing us to instruct a solicitor and begin the searches. I'm wary to do this without the full offer so if anyone knows whether this is usual practice or can offer advice I would be grateful! I understand why they're on our backs as we had our offer accepted 18/12/2020! It's taken until now to get to this point as our original broker was trying to get us a high street mortgage and then dropped us before trying sub prime. We had made him aware.of our credit history which isn't exactly the best!

MovingForwards

@Lolly632 you can instruct your solicitors, provide their details to the sellers estate agents (they don't act for you) and tell the solicitors not to do anything until you say so eg when you have the mortgage offer.

You also need to have solicitors so bluestone know who to send the mortgage offer to. Bear in mind, the solicitors have to be on bluestone's panel of firms who can act for both you and bluestone.

mcstrata

@Lolly632 the decision to begin the searches is entirely yours. If you decide to begin searches before you get the offer, you have to bear in mind you most likely have to pay the search fees at this point which are non refundable. If you do start searches now, it may speed things up because these can take ages to come back but you are also takinga risk (always stay positive though). We decided to take a risk and asked for searches before we got our offer and have been waiting for two weeks now. Only one is still outstanding but there are also some enquiries that the solicitor is waiting on so God knows how long that will take. Without the searches, we cannot move forward. Thankfully we did get an offer so we haven't lost the £300 we risked but worth bearing in mind. The wait times are obviously dependant on your local council timescales so may be quicker for you. Our developer also pushes for searches to start byt we had oue broker speak to them which they were happy with. Our decision was a personal one mainly because we need to complete in time before the old HTB scheme deadline.

springmagpie

We had our valuation last Thursday. Bluestone have now requested the most recent payslips and bank statements. 
We started our searches when we had our offer accepted, I'm glad we did and the turn around time is anywhere from 8-20 weeks for the local searches to be returned. Once we have the mortgage offer we should be in a position to exchange and complete. We started the process with Bluestone at the end of Sept. 

polarbear1975

Kellyb88 said:

polarbear1975 said:

Kellyb88 said:

Hey guys, so I spent a good couple of hours reading through this thread. 
We have a mortgage application going through bluestone at the moment, it was submitted 23/12/20. The packaging is going through brightstar. So far we've had a few emails asking for more documents each week which is mostly the same documents we've allready sent over. Our housing development persimmons informed us last week an evaluation has been booked in for today. Is this a good sign? Will we finally get our decision soon? The wait has just been torture, constantly checking emails. We have used mortgage hut for our MA. We would rather know yes or no now so we can get over it an move on. Unfortunately this is our only chance at this moment in time of purchasing a property on the old H2B scheme. Has anyone else had any dealings with brightstar? They don't seem to move very quick.
Many thanks. 

We used Brightstar as our packager and they started off being quite slow but then our case was taken over by a different individual there (Jacqui) and she was brilliant. Made a lot of progress in a couple of weeks. We did still find, however, that Blustone would come back with requests for more information, quite often the same as what they had been supplied with the day before. That continued right through the process, from mortgage application, through conveyancing and even to the point where they asked for my OH payslip again on the day we completed. 

Oh blimey really! That's crazy!
How long did the process take for you? 

We reserved the property around 10th September. The mortgage AIP was quite quick, still in September. The property was valued on 22nd October but we didn't get our mortgage offer through until 28th November. From then it was with the solicitor for conveyancing which was finished and then we completed first week January.