Bluestone Mortgages

vicki_w83

Cantfightfate said:

Thanks for your help!! vicki_w83 said:

Hello all, we submitted an application with bluestone yesterday after receiving our DIP at the beginning of the month. We had an email today from our MA saying they have requested our P60’s and most recent bank statements. I’ve been looking through at people’s experiences and they seem really varied. Our MA has advised our affordability is absolutely fine and I only have one default from over a year ago which has been cleared. The only thing I’m worried about is our bank statements show a lot of just eat and shopping as we spend what we have. Anyone else had this and still been approved?? I’m stressing already and know it’s going to be a long slog! 

I only had one satisfied default from a year ago. My journey took 3 weeks. Affordability was fine. My December bank statement looks like I have a serious spending habit!!! We spent almost £1k on food alone! And then there was the Amazon and online purchases!! Really don’t worry we didn’t get question at all on it! 

Thankyou! That’s so good to hear! 3 weeks was a great turnaround! Did they ask for much documentation from you after your full app? I feel that the MA has already been through everything thoroughly and seems used to working with them so 🤞

Cantfightfate

We thought we’d get asked loads and wasn’t!! We were asked for some information about regular payments from my mum (she’s shielding so we buy her food for her) and another statement with all my child maintenance payments coming in. After they received these we herd nothing after 6 working days we asked for an update and our MA said that it looked like they were ready to request a valuation - 24 hours later and no official sign that they had ever requested the valuation we received the offer! 

vicki_w83

Cantfightfate said:

We thought we’d get asked loads and wasn’t!! We were asked for some information about regular payments from my mum (she’s shielding so we buy her food for her) and another statement with all my child maintenance payments coming in. After they received these we herd nothing after 6 working days we asked for an update and our MA said that it looked like they were ready to request a valuation - 24 hours later and no official sign that they had ever requested the valuation we received the offer! 

Wow! It’s so nice to hear of a positive experience! We have everything ready in case they ask so 🤞 they won’t! 

Hopefull13

Kellyb88 said:

Hopefull13 said:

We had an update today, a request for lots more information. One of the things im worried about is that an old pay day loan from 2016 has come up. We are paying it tomorrow but worried it will ruin everything. Has anyone else had this happen? If so what was the outcome? The debt management plan they are aware of has now been settled but this old payday loan didn’t show up to us on experian but somehow its come up to them. This is the second time they have asked more questions since being at final underwrite 3/4 weeks now. Im guessing it will be another week before we get another update Really feel like giving up 😓 

Hopefull13 said:

We had an update today, a request for lots more information. One of the things im worried about is that an old pay day loan from 2016 has come up. We are paying it tomorrow but worried it will ruin everything. Has anyone else had this happen? If so what was the outcome? The debt management plan they are aware of has now been settled but this old payday loan didn’t show up to us on experian but somehow its come up to them. This is the second time they have asked more questions since being at final underwrite 3/4 weeks now. Im guessing it will be another week before we get another update Really feel like giving up 😓 

We feel exactly the same as you.. Ready to give up, we're still at final underwrite stage, yesterday evening they asked more questions and more documents we had to sign which was a signature discrepancy form, had to try and find account numbers for 2 loans and credit card. Now we're worried it's going to be another 6 working day turnaround before they even look at everything we've sent in 😭 so done with the stress now. 

I think this is the most stressful thing I’ve ever done! Even more then the wedding i planned in 8 months 😳 
Did you hear anything today? 

We had yet another request for info they now want to do an employment reference, which is fine but its like what ever next!? Paid the debts off and sent them the proofs so i guess we WAIT AGAIN till they come back to us. 😓

NannyPlum89

vicki_w83 said:

Hello all, we submitted an application with bluestone yesterday after receiving our DIP at the beginning of the month. We had an email today from our MA saying they have requested our P60’s and most recent bank statements. I’ve been looking through at people’s experiences and they seem really varied. Our MA has advised our affordability is absolutely fine and I only have one default from over a year ago which has been cleared. The only thing I’m worried about is our bank statements show a lot of just eat and shopping as we spend what we have. Anyone else had this and still been approved?? I’m stressing already and know it’s going to be a long slog! 

My bank statement looked like I was single handedly keeping McDonald's and Costa Coffee afloat, and it wasn't even mentioned so I'm sure you'll be fine

vicki_w83

NannyPlum89 said:

vicki_w83 said:

Hello all, we submitted an application with bluestone yesterday after receiving our DIP at the beginning of the month. We had an email today from our MA saying they have requested our P60’s and most recent bank statements. I’ve been looking through at people’s experiences and they seem really varied. Our MA has advised our affordability is absolutely fine and I only have one default from over a year ago which has been cleared. The only thing I’m worried about is our bank statements show a lot of just eat and shopping as we spend what we have. Anyone else had this and still been approved?? I’m stressing already and know it’s going to be a long slog! 

My bank statement looked like I was single handedly keeping McDonald's and Costa Coffee afloat, and it wasn't even mentioned so I'm sure you'll be fine

Is yours all sorted now? How long did it take? It’s awful when I add up how much we spend on just eat and Costa...I’m hoping they’ve seen worse!!

mcstrata

vicki_w83 said:

Hello all, we submitted an application with bluestone yesterday after receiving our DIP at the beginning of the month. We had an email today from our MA saying they have requested our P60’s and most recent bank statements. I’ve been looking through at people’s experiences and they seem really varied. Our MA has advised our affordability is absolutely fine and I only have one default from over a year ago which has been cleared. The only thing I’m worried about is our bank statements show a lot of just eat and shopping as we spend what we have. Anyone else had this and still been approved?? I’m stressing already and know it’s going to be a long slog! 

Don't worry about shopping habits. Ours weren't asked and our bank statements look like we live on takeaway. In response to your question about how long and what docs etc, it seems there is no consistent approach with BS. My understanding is that if the packaging is done right and your broker has a good relationship with them, it always helps. Ours was 3 weeks from app to offer and only one enquiry asking my hubby to declare thay he doesn't see his ltd company going bust. Having said that, the broker I went with do an internal underwrite first after asking for your whole life story to cover everything before submitting to BS so that might have helped. Hope yours goes ok. 

Kellyb88

Hopefull13 said:

Kellyb88 said:

Hopefull13 said:

We had an update today, a request for lots more information. One of the things im worried about is that an old pay day loan from 2016 has come up. We are paying it tomorrow but worried it will ruin everything. Has anyone else had this happen? If so what was the outcome? The debt management plan they are aware of has now been settled but this old payday loan didn’t show up to us on experian but somehow its come up to them. This is the second time they have asked more questions since being at final underwrite 3/4 weeks now. Im guessing it will be another week before we get another update Really feel like giving up 😓 

Hopefull13 said:

We had an update today, a request for lots more information. One of the things im worried about is that an old pay day loan from 2016 has come up. We are paying it tomorrow but worried it will ruin everything. Has anyone else had this happen? If so what was the outcome? The debt management plan they are aware of has now been settled but this old payday loan didn’t show up to us on experian but somehow its come up to them. This is the second time they have asked more questions since being at final underwrite 3/4 weeks now. Im guessing it will be another week before we get another update Really feel like giving up 😓 

We feel exactly the same as you.. Ready to give up, we're still at final underwrite stage, yesterday evening they asked more questions and more documents we had to sign which was a signature discrepancy form, had to try and find account numbers for 2 loans and credit card. Now we're worried it's going to be another 6 working day turnaround before they even look at everything we've sent in 😭 so done with the stress now. 

I think this is the most stressful thing I’ve ever done! Even more then the wedding i planned in 8 months 😳 
Did you hear anything today? 

We had yet another request for info they now want to do an employment reference, which is fine but its like what ever next!? Paid the debts off and sent them the proofs so i guess we WAIT AGAIN till they come back to us. 😓

We've not heard a peep today, 
Even our MA hasn't got back to us to say if everything we have sent in has been okay, which is very frustrating! All we wanted to know was if all the documents were okay.
It seems like there asking such silly things now doesn't it.. I know it's not but when it's constant asking for this for weeks on end just seems never ending and so stressful, and it's always at the end of the day they ask for it too 😩 hopefully next week we both get our offers 🤞 not holding out much luck though, it's only 5 and half weeks until 31st March so if it carries on the way it's going looking like we will loose our house 😭

hereistohoping

We completed today!!! Been a very long 19 weeks but today's made it worth it. Have faith but also chase chase chase! 

Cam2021

hereistohoping said:

We completed today!!! Been a very long 19 weeks but today's made it worth it. Have faith but also chase chase chase! 

Congratulations! Can you list your mortgage timeline pls?