Bluestone Mortgages

Kb21

Kb21 said:

lanainbloom said:

Kb21 said:

lanainbloom said:

Just been asked for a declaration of solvency for the giftor, our solicitor has no clue what this means. Can anyone shed light on this? TIA 

Isn’t this where they sign to say they understand it’s a gift etc? Have u had offer? 

Yeah we have, I was just going through our offer and it is under the special conditions part of the letter. We signed the declaration form for the gifted deposit when our bluestone app went in so I am not sure why they are asking for this

We have had the same I think hang on I’ll check 

Your solicitors should have one aswell. Ours asked for one right at  the start they sent it straight to my mother in law along with ID (still a sore subject) bank Statements. It went with a script that said they have no intention in the property and they understand the money is a gift not a loan etc. It basically makes it legal when coming from the solicitor 

mlissyloo

I thought I would share my application timeline because this is something I was looking for myself. 
My mortgage application went in on 7/04 but we had to wait a while for the Help to buy to be agreed upon (ATP) before the application could go to the underwriter. 
Valuation on the 26/04 (done early to save time while we waited for the ATP)
Finally, we had confirmation and the mortgage went to the underwriter on the 28/04
Hard search on Experian showing on the 29/04
I have handed in all my new bank statements and payslips just in case they ask
I am just waiting for the next steps, I am not sure what this will be as my mortgage application seems to be in a different order to others on here. 

Sjc2021

c249401 said:

Cosy2020 said:

I wonder what the quickest turnaround from application to an offer has been with Bluestone. We only applied 2 weeks ago and I'm already wondering if/when we'll get our offer. Not the best time for me to go on a health kick and give up fun foods and the booze! haha! 

our full app went in 31st March and our offer was in on 29th April.   

Our full application went in the same day and although we gave everything asked for it is still at the first case manager stage. Was meant to be with underwriters last week but still not there. No further info or docs asked for. When chased told that everyone is being dealt with at the same time frame and that no one is any further in than us. Cannot understand it. 

Sjc2021

This is really gutting seeing everyone’s timeframe. 
Ours: DIP 22/3
Full Application 30/3
No hard search or anything since, no further request for docs or info. Still at initial stage, not with underwriters as yet.
Seller now put house back on the market as will not wait any longer

coral_a

Sjc2021 said:

This is really gutting seeing everyone’s timeframe. 
Ours: DIP 22/3
Full Application 30/3
No hard search or anything since, no further request for docs or info. Still at initial stage, not with underwriters as yet.
Seller now put house back on the market as will not wait any longer

It’s really hard, our application went in 09/04 and I know that’s after you but I’ve seen people around the same time have searches, valuations etc and it’s tough. But every case is different I know ours is complex so I’m trying to stay calm. I’m a bit of a data geek so taking the timelines I’ve found on this forum I’ve worked out the average number of working days until valuation is instructed is 23, and 29 working days from application being submitted to offer. This has helped me as with the bank holidays etc I can see we are still well within this time frame 

Kb21

Sjc2021 said:

This is really gutting seeing everyone’s timeframe. 
Ours: DIP 22/3
Full Application 30/3
No hard search or anything since, no further request for docs or info. Still at initial stage, not with underwriters as yet.
Seller now put house back on the market as will not wait any longer

Ours was 
Dip 24/2
application 12/3
hard search 9/4 
more docs from underwriters 15/16 April 
Valuation 20/4
Offer 28/4 
in writing 29th 

Kb21

Sjc2021 said:

This is really gutting seeing everyone’s timeframe. 
Ours: DIP 22/3
Full Application 30/3
No hard search or anything since, no further request for docs or info. Still at initial stage, not with underwriters as yet.
Seller now put house back on the market as will not wait any longer

May when u have your offer you can put another offer in with the same house? 

lanainbloom

Kb21 said:

Yea we had the same. It’s the forms they signed via the solicitor in the beginning just to say they understand it’s a gift etc. Nothing to worry about 

Thanks for this! I’m going to follow up tomorrow just in case. I’ll be glad when this is all over 

Sjc2021

Kb21 said:

Sjc2021 said:

This is really gutting seeing everyone’s timeframe. 
Ours: DIP 22/3
Full Application 30/3
No hard search or anything since, no further request for docs or info. Still at initial stage, not with underwriters as yet.
Seller now put house back on the market as will not wait any longer

May when u have your offer you can put another offer in with the same house? 

Hopefully, it all depends upon how quick they get another offer I suppose. Everything is selling really quick here so don’t think it will be on the market for long. Really pleased you have received your offer, I was being reading the posts for a couple of weeks and had my fingers crossed for you. 

Kb21

Sjc2021 said:

Kb21 said:

Sjc2021 said:

This is really gutting seeing everyone’s timeframe. 
Ours: DIP 22/3
Full Application 30/3
No hard search or anything since, no further request for docs or info. Still at initial stage, not with underwriters as yet.
Seller now put house back on the market as will not wait any longer

May when u have your offer you can put another offer in with the same house? 

Hopefully, it all depends upon how quick they get another offer I suppose. Everything is selling really quick here so don’t think it will be on the market for long. Really pleased you have received your offer, I was being reading the posts for a couple of weeks and had my fingers crossed for you. 

Aww thank you. It’s always a relief . Aww I really hope are quick for you and u can get your house but remember everything happens for a reason so something better may come along for you.