Bluestone Mortgages

Firsttimebuyers2021

Cosy2020 said:

Firsttimebuyers2021 said:

Cosy2020 said:

Firsttimebuyers2021 said:

So this is my journey so far 
AIP 23/04
House reserved 23/04
Help to buy application created 26/04
Help to buy ATP 29/04
Full mortage app in 10/05
Hard search on credit file 11/05 
2 questions asked and replied to 11/05
I'm hoping to be done for June

That's really helpful thanks. We've got a similar timeline to your although we've not had a hard search reported yet. We've been asked for a few more documents but aside from that everything has been okay. Our MA has said that they think we'll hear back before the end of the June at the absolute latest but seeing some other comments on here, I'm not so sure. Has your MA or packager given you any indications on when you could receive an offer? 

No not yet I haven't asked to be honest. Who is your MA and packager

Our packager is Brilliant Solutions who I haven't heard anyone on here mention before! Did you apply for the new HTB or the older one? Hopefully you/we hear back soon. 

We are on the new HTB scheme I'm hoping so I don't think are case is to complex we have own funded deposit so no gifted deposit stuff to be asked for which looks like I trips a few people up on here

waitingstill

Lishabee said:

We got our offer!  

Congrats!! How long after valuation? Ours has been requested today so I’m wondering 

Foreverwaiting123

So bluestone emailed today and have stated they will proceed with a five year fixed rate (I applied for two years fixed) and said this is due to affordability. They don’t need anything else. Does this look promising ? 

Lishabee

Foreverwaiting123 said:

So bluestone emailed today  and have stated they will proceed with a five year fixed rate (I applied for two years fixed) and said this is due to affordability. They don’t need anything else. Does this look promising ? 

The same happened to us! It’s very promising

Lishabee

I don’t know how to quote two people at once but for those that asked... we instructed valuation 30th April. It was carried out via AVM this Tuesday with an instant update saying that it had been undervalued but that due to our high deposit we could continue with no change to our rate or deposit amount. Or we could instruct a physical valuation which would take 5-7 working days. We then got another update yesterday saying it had officially been passed onto the final stage. Less than 24 hours later (today), we had our written offer in pdf format with postal following.

Kb21

Yes after valuation the offer is very quick. Ours was done Worthing 24-48 hours and has it via email the next day 

lanainbloom

Hi all, It looks like we will be completing  next week after all this time! Had to send 2 more payslips after we had our offer and show buildings insurance with bluestone as a interested party. Our hard search was done on the 23rd March right around when we had our offer so it looks like they do it at different times. Good luck to everyone on their journey 

c249401

lanainbloom said:

Hi all, It looks like we will be completing  next week after all this time! Had to send 2 more payslips after we had our offer and show buildings insurance with bluestone as a interested party. Our hard search was done on the 23rd March right around when we had our offer so it looks like they do it at different times. Good luck to everyone on their journey 

Congratulations! How exciting! Was the buildings insurance a condition on your offer or did they ask for thar afterwards?

Kb21

lanainbloom said:

Hi all, It looks like we will be completing  next week after all this time! Had to send 2 more payslips after we had our offer and show buildings insurance with bluestone as a interested party. Our hard search was done on the 23rd March right around when we had our offer so it looks like they do it at different times. Good luck to everyone on their journey 

Yay congratulations That was a quick turn around after. Our insurance is on our special conditions with mortgage offer but all in place ready to go

Foreverwaiting123

Lishabee said:

Foreverwaiting123 said:

So bluestone emailed today  and have stated they will proceed with a five year fixed rate (I applied for two years fixed) and said this is due to affordability. They don’t need anything else. Does this look promising ? 

The same happened to us! It’s very promising

I wonder how many other people this happened to? Seems to me like I am just being stuck with a high interest rate for 3 years longer. My default drops off my credit file in two years so I could remortgage with high street lender but this five year fixed rate seems like bluestone are making sure they get their money out of me ha. At this point though I just want that offer ! My mortgage will be 100 a month more than my rent purely cos of the interest rate (8.59 eye watering ) but the house will be mine and I will remortgage in five years i guess 🙃