Bluestone Mortgages

letsago

MovingForwards said:

ojh2112 said:

So I’m guessing that it’s in first underwriters stage atm?anybother comments? Thanks all 

Read through all of this thread as it covers your questions.

Stop panicking as you are not doing yourself any favours! 

Your experience on here has been really informative. You are right to say stop panicing, you go past it so there was no point in stressing in the first place. 
Do you know how offers are made in the current climate. Is it an electronic offer or made by post? 

pretzel12

letsago said:

ojh2112 said:

Sorry I meant soft and hard search on file so does this mean it’s still being looked at before first underwriters???? And once valuation goes through Is it pretty Much gonna get offer? 

Hard search went on my file during first underwriter. A valuation is a very good sign it will go to offer. Speak to your MA closely, they should know what is happening and at what stage the application is at. 

So the fact that they booked the valuation is a good sign? We had only soft search on our reports yet our valuation is booked in for next week
our MA told us the next update will be in around 2 weeks time

letsago

pretzel12 said:

letsago said:

ojh2112 said:

Sorry I meant soft and hard search on file so does this mean it’s still being looked at before first underwriters???? And once valuation goes through Is it pretty Much gonna get offer? 

Hard search went on my file during first underwriter. A valuation is a very good sign it will go to offer. Speak to your MA closely, they should know what is happening and at what stage the application is at. 

So the fact that they booked the valuation is a good sign? We had only soft search on our reports yet our valuation is booked in for next week
our MA told us the next update will be in around 2 weeks time

Yes its a good sign. Please don't forget that processing your application takes time and costs money. They would not keep progressing your application if they had no intention of investing in you. 

pretzel12

letsago said:

pretzel12 said:

letsago said:

ojh2112 said:

Sorry I meant soft and hard search on file so does this mean it’s still being looked at before first underwriters???? And once valuation goes through Is it pretty Much gonna get offer? 

Hard search went on my file during first underwriter. A valuation is a very good sign it will go to offer. Speak to your MA closely, they should know what is happening and at what stage the application is at. 

So the fact that they booked the valuation is a good sign? We had only soft search on our reports yet our valuation is booked in for next week
our MA told us the next update will be in around 2 weeks time

Yes its a good sign. Please don't forget that processing your application takes time and costs money. They would not keep progressing your application if they had no intention of investing in you. 

That’s really good then! Our MA told us that the underwriter will actually look at our paperwork when the valuation will come back, hence that the next update will be around 3/4 September. I’m just super panicky about getting declined! We haven’t paid for our valuation as we use HTB

letsago

pretzel12 said:

letsago said:

pretzel12 said:

letsago said:

ojh2112 said:

Sorry I meant soft and hard search on file so does this mean it’s still being looked at before first underwriters???? And once valuation goes through Is it pretty Much gonna get offer? 

Hard search went on my file during first underwriter. A valuation is a very good sign it will go to offer. Speak to your MA closely, they should know what is happening and at what stage the application is at. 

So the fact that they booked the valuation is a good sign? We had only soft search on our reports yet our valuation is booked in for next week
our MA told us the next update will be in around 2 weeks time

Yes its a good sign. Please don't forget that processing your application takes time and costs money. They would not keep progressing your application if they had no intention of investing in you. 

That’s really good then! Our MA told us that the underwriter will actually look at our paperwork when the valuation will come back, hence that the next update will be around 3/4 September. I’m just super panicky about getting declined! We haven’t paid for our valuation as we use HTB

I think most of the documents etc will be checked before the valuation. A valuation costs a couple of hundred pounds so initial checks are made before hand, eligability, suitability, affordability etc. I could be wrong here but it wouldn't make sense to pay for a valuation and check everything later. My MA told me it is very final checks after a valuation. 

fingerscrossed7

Our valuation was instructed before it even reached the underwriter and we were using help to buy. 

It is incorrect to assume that valuations take place after underwriting in all cases as HTB have a separate set of requirements/processes. 

MovingForwards

letsago said:

MovingForwards said:

ojh2112 said:

So I’m guessing that it’s in first underwriters stage atm?anybother comments? Thanks all 

Read through all of this thread as it covers your questions.

Stop panicking as you are not doing yourself any favours! 

Your experience on here has been really informative. You are right to say stop panicing, you go past it so there was no point in stressing in the first place. 
Do you know how offers are made in the current climate. Is it an electronic offer or made by post? 

Electronic offers due to the current climate.

TheBirchwood

I’ve got my offer I am over the moon!!! 😀

submitted my application 4 weeks ago!! 

newhome235678

pretzel12 said:

letsago said:

pretzel12 said:

letsago said:

ojh2112 said:

Sorry I meant soft and hard search on file so does this mean it’s still being looked at before first underwriters???? And once valuation goes through Is it pretty Much gonna get offer? 

Hard search went on my file during first underwriter. A valuation is a very good sign it will go to offer. Speak to your MA closely, they should know what is happening and at what stage the application is at. 

So the fact that they booked the valuation is a good sign? We had only soft search on our reports yet our valuation is booked in for next week
our MA told us the next update will be in around 2 weeks time

Yes its a good sign. Please don't forget that processing your application takes time and costs money. They would not keep progressing your application if they had no intention of investing in you. 

That’s really good then! Our MA told us that the underwriter will actually look at our paperwork when the valuation will come back, hence that the next update will be around 3/4 September. I’m just super panicky about getting declined! We haven’t paid for our valuation as we use HTB

Our valuation was not instructed until after the underwriter was happy with all of our documents and forms. We requested that we wanted the valuation done as soo as possible but bluestone refused and advised that they do not instructed the valuation until they are happy with all the documentation and checks. They do one final review of the paper work before the final offer comes out but you do not proceed to the valuation until the underwriter has reviewed all your documents. 

They do not want to risk the application being unsuccessful and then the valuation fee being a waste of money. 

Trust your broker and if you were completely honest with them a the dip stage you’ll have nothing to worry about ☺️. 

jen14df

I have my valuation this week. What do the surveyors look at? Do they stay long? Any other advice on what to expect would be fantastic.