Bluestone Mortgages

Kellyb88

springmagpie said:

6 weeks after our offer bluestone have finally accepted our evidence to prove we’ve paid off our debts, it was a special condition of the offer. If anyone has this in the future I recommend finding out from bluestone ASAP what they want. We’ve been back and forth all this time, they’d accept something then another person  would say actually we want more evidence. 

Anyway we’re all set to go exchange and complete in 11 days time! 

Oh my! That's crazy!
We also had these conditions to pay off 2 credit cards and an ikano scs loan. What documents did they accept from you from your debts cleared? Iv sent in bank statements and an email from ikano stating its paid and now cleared? Hope that's enough we don't have time to wait 6 weeks 😱

Samfaye01

Kellyb88 said:

springmagpie said:

6 weeks after our offer bluestone have finally accepted our evidence to prove we’ve paid off our debts, it was a special condition of the offer. If anyone has this in the future I recommend finding out from bluestone ASAP what they want. We’ve been back and forth all this time, they’d accept something then another person  would say actually we want more evidence. 

Anyway we’re all set to go exchange and complete in 11 days time! 

Oh my! That's crazy!
We also had these conditions to pay off 2 credit cards and an ikano scs loan. What documents did they accept from you from your debts cleared? Iv sent in bank statements and an email from ikano stating its paid and now cleared? Hope that's enough we don't have time to wait 6 weeks 😱

Do you know why they wanted you to pay pay off ? And at which point did they tell you this ? 

Spenny01

Samfaye01 said:

Just an update, we have instructed Bluestone to go ahead with the valuation but if we do get declined it won't be refundable, just thought it would shave a few days off 

Us too fingers crossed 😊

mrpuggle

Hello,
I am hoping for some help. 
We had our mortgage offer through on Monday. 
On 1st March, I had a text my Studio account saying, I did I miss a payment. Apparently there was £9 I didn't to pay and was due on 26th February. I paid it straight away along with the charges. Today though it's appeared as a late payment. I am so annoyed with myself.
Has anyone else had another credit check before completion? 
Thanks

MrsH2

We are due to complete on the 12th and both myself and husband are required to complete a pre-completion call with Bluestone on either Monday or Tuesday. 
I've heard this is normal practice and their email confirms that funds will be released on the 11th at midnight.
Just makes it difficult as I'm on nights from Sunday 🙄😴.
Typical of Bluestone to work completely differently to other lenders even at the last stages lol

The end is in sight though! Stick with it everyone!

springmagpie

they they mentioned the debts would need to be paid off during our DIP. I paid them off on Oct, this was my first mistake. 

Our offer then came through with the special conditions, stating which accounts needed to be cleared. They needed up to date statements from the companies, but because I’d cleared the balances months ago there were no statements generated. 

They needed statements to be generated, capital one couldn’t do this. So they needed emails from the companies, bank statements, and credit reports. Even the emails weren’t right, they had to be PDFs with the whole chain, all my details etc. Lots of to-ing and fro-I get. They also wanted evidence of my parents legal advice with the gifted deposit. Lots of hoops to jump through but hopefully near the end now 

Kellyb88

Samfaye01 said:

Kellyb88 said:

springmagpie said:

6 weeks after our offer bluestone have finally accepted our evidence to prove we’ve paid off our debts, it was a special condition of the offer. If anyone has this in the future I recommend finding out from bluestone ASAP what they want. We’ve been back and forth all this time, they’d accept something then another person  would say actually we want more evidence. 

Anyway we’re all set to go exchange and complete in 11 days time! 

Oh my! That's crazy!
We also had these conditions to pay off 2 credit cards and an ikano scs loan. What documents did they accept from you from your debts cleared? Iv sent in bank statements and an email from ikano stating its paid and now cleared? Hope that's enough we don't have time to wait 6 weeks 😱

Do you know why they wanted you to pay pay off ? And at which point did they tell you this ? 

I'm not to sure, I think it's because our MA when putting in our application ticked off on the money commitments form that they would be paid off? So when our mortage offer came through it was part of the conditions. 

cockerhoop47

springmagpie said:

they they mentioned the debts would need to be paid off during our DIP. I paid them off on Oct, this was my first mistake. 

Our offer then came through with the special conditions, stating which accounts needed to be cleared. They needed up to date statements from the companies, but because I’d cleared the balances months ago there were no statements generated. 

They needed statements to be generated, capital one couldn’t do this. So they needed emails from the companies, bank statements, and credit reports. Even the emails weren’t right, they had to be PDFs with the whole chain, all my details etc. Lots of to-ing and fro-I get. They also wanted evidence of my parents legal advice with the gifted deposit. Lots of hoops to jump through but hopefully near the end now 

Just an update from us, exchanged contacts over a week ago and ready for completion on Friday. I will update fully once we are in but having seen this post regarding Independent legal advice I thought I'd mention this.....

10pm Friday, less than a week before we complete, Bluestone dropped the bombshell that our Legal Advice wasn't sufficient and we had until Tuesday to rectify this. To reiterate, they sent this at 10pm on Friday, only good luck meant that our solicitor checked her email on a Saturday and let us know. Broker and Packager have been useless and didn't even know what the legal advice meant or what we needed. Bluestone have had our letter re advice since January yet left it until after exchange of contracts to say it needed changing with what in effect would be 24 hours notice by the time we can contact the solicitor on Monday. 

If you need legal advice as part of the decision then PLEASE, get the correct advice from somebody who knows what is needed. As I said, both the Packager and broker hadn't got a clue and didn't offer any help whatsoever. 

newhome235678

mrpuggle said:

Hello,
I am hoping for some help. 
We had our mortgage offer through on Monday. 
On 1st March, I had a text my Studio account saying, I did I miss a payment. Apparently there was £9 I didn't to pay and was due on 26th February. I paid it straight away along with the charges. Today though it's appeared as a late payment. I am so annoyed with myself.
Has anyone else had another credit check before completion? 
Thanks

No, bluestone don’t carry out another credit check before completion. I had 2 months between exchange and completion and no further credit checks were carried out on me. 

Hope this helps ☺️ 

mrpuggle

newhome235678 said:

mrpuggle said:

Hello,
I am hoping for some help. 
We had our mortgage offer through on Monday. 
On 1st March, I had a text my Studio account saying, I did I miss a payment. Apparently there was £9 I didn't to pay and was due on 26th February. I paid it straight away along with the charges. Today though it's appeared as a late payment. I am so annoyed with myself.
Has anyone else had another credit check before completion? 
Thanks

No, bluestone don’t carry out another credit check before completion. I had 2 months between exchange and completion and no further credit checks were carried out on me. 

Hope this helps ☺️ 

Thank you so much for this. I phone Studio after and they said it had been a mistake and our account actually was up to date. But said it will take 14 working days to be removed. So, if they did, I guess it would maybe slow it down. Good to hear you didn’t though.