Bluestone Mortgages

mrpuggle

cockerhoop47 said:

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. 

We too are waiting for my parents to do our legal advice which they have booked it for Wednesday when they’re both off. We’ve been told our waiter solicitor that we just need the legal advice form and the independent solicitors need our mortgage offer and conditions. Is that right? I’m hoping this doesn’t happen to us. 

MovingForwards

@cockerhoop47 neither the broker or packager will know what's needed for legal advice as they are not legally qualified. Blame it on the solicitor who provided the legal advice.

Hopeful89

cockerhoop47 said:

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. 

Oh my word that sounds stressful!! For the independence advice, is this because you’re boring gifted deposit or is the person a guarantor? We have gifted deposit but all the docs online seem like they refer to a guarantor which my parents won’t be! So confusing 

cockerhoop47

mrpuggle said:

cockerhoop47 said:

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. 

We too are waiting for my parents to do our legal advice which they have booked it for Wednesday when they’re both off. We’ve been told our waiter solicitor that we just need the legal advice form and the independent solicitors need our mortgage offer and conditions. Is that right? I’m hoping this doesn’t happen to us. 

I would try and clarify EXACTLY what Bluestone want the solicitor to say in their report or certificate. The offer letter just said my wife need Independent Legal advice but no further advice was given. Neither broker or packager had a clue what we needed or where to get the advice. Local solicitors wanted more than the conveyancers which seemed madness. We used https://www.lawyersonline.co.uk/property/independent-legal-advice who were very good and went through everything with my wife in fine detail and made sure she fully understood the mortgage but the wording of their certificate / letter wasn't what Bluestone wanted.  They used a standard worded certificate that they use everyday High Street Lenders so was surprised at the email on Friday. I'm surprised that if this is a requirement of Bluestone then their specialist Packagers are not more familiar with what is required and able to check what has been sent in and to at least say what is needed. 

Hopeful89

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 

May I ask, when your parents have to seek legal advice for the gifted deposit, were they then told all the conditions of your offer I.e that you had a credit card to pay off? I’m worried that we will be asked to pay off our car finance and my parents (even though I’m not young!) would probably be very annoyed with me because they don’t agree with car finance. Very random question sorry! 

mrpuggle

@cockerhoop47

Thanks for advice, I will try and clarify what Bluestone exactly want. It’s so confusing isn’t it.

I’m curious, did you use lawyers online but didn’t see them in person? It says on the form that the solicitors need to witness the signature. Did you get this done? My parents are using solicitors they use regularly for convenancying and have agreed to sign it in person. 

Firsttimebuyer_04

@Samfaye01 any update? I know we submitted application around same time. Our MA got our solicitor to do an escalation letter, supposedly Bluestone have a huge backlog 

Samfaye01

Firsttimebuyer_04 said:

@Samfaye01 any update? I know we submitted application around same time. Our MA got our solicitor to do an escalation letter, supposedly Bluestone have a huge backlog 

We got asked 7 more things last Weds so answered them and they got sent back the following day. I've also asked them to book the valuation, MB said this could shave off a few days, but if it does get declined we wouldn't get refunded for the valuation money back. Just waiting on them to get back to us now with a time scale for this. Have you been asked for any further info?

Palmerl8

Samfaye01 said:

Firsttimebuyer_04 said:

@Samfaye01 any update? I know we submitted application around same time. Our MA got our solicitor to do an escalation letter, supposedly Bluestone have a huge backlog 

We got asked 7 more things last Weds so answered them and they got sent back the following day. I've also asked them to book the valuation, MB said this could shave off a few days, but if it does get declined we wouldn't get refunded for the valuation money back. Just waiting on them to get back to us now with a time scale for this. Have you been asked for any further info?

@Samfaye01 what was the 7 things you got asked for? Maybe I can preempt them for my application 

Samfaye01

Palmerl8 said:

Samfaye01 said:

Firsttimebuyer_04 said:

@Samfaye01 any update? I know we submitted application around same time. Our MA got our solicitor to do an escalation letter, supposedly Bluestone have a huge backlog 

We got asked 7 more things last Weds so answered them and they got sent back the following day. I've also asked them to book the valuation, MB said this could shave off a few days, but if it does get declined we wouldn't get refunded for the valuation money back. Just waiting on them to get back to us now with a time scale for this. Have you been asked for any further info?

@Samfaye01 what was the 7 things you got asked for? Maybe I can preempt them for my application 

-They wanted my partners contract because he has had a pay rise.
-A savings account that's closed statement.
-Child care cost fees which we put down as £0 as our parents look after her.
- statement in both names as joint acct which we had already sent and MB stated this 
-Another savings acct we closed down 
Cant think of the others but regarding my partners payrise mostly.