Bluestone Mortgages

Cam2021

Can anyone tell me when they had a hard search on their credit file and how soon they received an offer after that? 
Tia

so_stressed21

Kellyb88 said:

so_stressed21 said:

Kellyb88 said:

so_stressed21 said:

I’m going out of my mind. We have had valuation and now they are asking more questions. Do they take 10 days to assess each bit on info they are sent? Or will they look at it a bit quicker now we are hopefully near the end? I can’t take much more waiting. I’m hoping it will be worth the wait. My application went in 21st December 2020

We are in the same position as you, we haven't been asked any questions just for more bank statements, we are also at our witts end we just want to know now yes or no so we can plan ahead. 

It’s so difficult waiting, I feel like it is all going to fall apart at the last hurdle. I knew they asked a lot of questions but also think we may not have a pushy enough MA.

 Yes we feel exactly the same about our MA, she's not pushy at all and it's so frustrating as we're paying her money and feels like she's not doing her job properly! My husband is adamant its going to be declined now as its taken so long. I don't see it though as its got this far, and haven't seen anyone been declined on this thread? Fingers crossed we both here something soon 🤞

I’m also adamant it will be declined, I haven’t seen it yet but just worrying and they seem to take 10days in between each request for information. Fingers crossed for us to have an end to the sleepless nights, checking emails every minute, nail biting worry 🤞🤞 

caspre12

so_stressed21 said:

samster1 said:

Still no update from Blue stone, I am loosing faith in my mortgage advisor. All she keeps saying is bluestone aren't quick.  I had a chat with simply adverse tonight and they seem to know more about what they are doing. Has anyone changed to simply half way through application or would it be starting from scratch. 

I was thinking of doing that but I’m worried I will go back to the beginning and our help to buy needs to be on the old scheme. Just crossing everything we get an offer soon. 

You can use your same Authority to Proceed just give the new MA a copy.

In response to the costs of simply there was nothing upfront they did all the underwriting and questions first and then when you get your offer you have 5 days to pay. But it is totally worth it for offer in 3 to 4 weeks. As per previous post it's £1995 fee, and the other fee from Bluestone was added to the mortgage so we didn't have to worry about that

samster1

Cam2021 said:

Can anyone tell me when they had a hard search on their credit file and how soon they received an offer after that? 
Tia

Hard search 4th of January nowhere near an offer yet. 

Peds05

hereistohoping said:

We've received a verbal offer! Final underwriter has put the case in the offer queue for the formal documents to be issued tomorrow. Hoping we can now exchange and completely ASAP. 

Amazing news!!!! Congrats 

We had our verbal offer yesterday morning  however I feel like I cant enjoy the moment until we have the written offer, hopefully it won't be to long!!! 

doglover34

I love this thread!!! Coagulations everyone!!! The wait is soooo worth it .. hang in there

caspre12

doglover34 said:

I love this thread!!! Coagulations everyone!!! The wait is soooo worth it .. hang in there

Thankyou 😁 and thankyou for your input and support 😊

MrsH2

samster1 said:

Still no update from Blue stone, I am loosing faith in my mortgage advisor. All she keeps saying is bluestone aren't quick.  I had a chat with simply adverse tonight and they seem to know more about what they are doing. Has anyone changed to simply half way through application or would it be starting from scratch. 

We used a private mortgage advisor. His fees were £399 at point of DIP and £399 at point or mortgage offer. Extremely helpful. Only ever a text message away , even on evenings and weekends, to reassure me all was going well. 
We couldn't get a mortgage with any other lender due to my adverse credit 3 years ago. He was a miracle worker! Happy to give details if you want .

citylife

citylife said:

Hi 

I have adverse credits but no CCJs.   My partner got excellent credits no CCJs etc.  I have a big deposit to put down on a new house.  We have been turned down for a mortgage from a normal bank so had no choice but hope to get a mortgage through bluestone on help to buy. 
We had our DIP 9th October 2020 and have had several soft credit checks done every month from Bluestone is that normal? 

Our application went in 26th October, we send all our 3 months bank statements from July to Oct with our wages slips, P60s, savings,  reason why I had adverse credit etc to our MA who said was doing everything to push our mortgage through to the first underwrite, to get mortgage offer hopefully by December.  By Dec  our MA left the employer!!!   But did completed our Help to Buy and we were successful.  

The other MA took up our file, we think the MA wasn’t consulted fully what needs doing to our case.  BrightStar would go back to our MA asking for our October  (yes again) and November bank statements, wages slips etc as weeks passed it was not looked at yet at the first underwrite fast forward to Nov still not looked at and we were asked for  our
bank statements again for Nov including our salary payslips.  We have had strong words with our MA who said BrightStar and Bluestone were super slow.  Finally 
Valuation was booked for 22nd December but the address to carry out the survey our new house was wrong. No idea who make the mistake so Valuation was re booked for 14 January 2021.  Needless to say we were losing hope and interest.  Valuation was carried out on 14th January,  the Developers phoned to let us know and said should take 24 hours for the report to reach Bluestone.  

Today our MA said BrightStar asked for our December bank statements etc and also 

wanted to why we spend X amount in Nov and what it was for? We had to pay for the kitchen worktop, flooring, chrome switches  etc for our new house which is due to finish building in Feb 2021.    I asked MA why are BrightStar/Bluestone asking for our bank statements every month.   MA said because of my adverse credit they are checking throughly as we were borrowing big mortgage!!!  My partner and I house our house and We are going with HTB and  we only need to borrow  45% for mortgage is that a big mortgage ???!!  We’re hoping we will pay off our mortgage in 10 years and live mortgage free. 

we were told to wait 48 hours .. what is next after the valuation  an mortgage offer this week?
We are so stressed with the whole thing
and the sad thing we are not feeling motivated now.   

Is anyone going through the same thing having to send their bank statements, payslips every month? We almost at final underwrite,  our MA  can’t promise if it’s the final process
And our solicitor have been waiting since Oct for us to get our mortgage offer 
Any advice would helpful ...thanks .. 

our valuation went to final underwrite last week was told to wait  another 4-5 days for an update (
(We should hear 4th - 5th Feb).  Had to submitted another month worth of statements. 
The waiting is a nightmare.  

Really hoping we get an offer today 🙏🏽

Application 21st Oct 2020 
Valuation 14 Jan 2021

citylife

szac976 said:

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!

Congratulations 🎉