Bluestone Mortgages

L_and_A

Sorry if this is a silly question…. But why do bluestone give a verbal offer and then wait a few days before given a written offer? Is this a standard thing? It just seems weird, like why not just issue a written offer and be done with it? 😂

Kb21

JLW_25 said:

Kb21 said:

JLW_25 said:

So I’ve got my written offer today however the expiry date is 25th August and we are only due to complete our purchase in October 😩 so I don’t know what to do from now! Waiting for the broker to come back to me... 

they can ask for a extension 

I hope so! I was expecting to have the mortgage offer valid for 6 months as I thought this was the norm. Maybe Bluestone is different with them being adverse? 

Possibly. They can defo ask for a extension 

Ashswanz

Kb21 said:

It’s standard there will  be lots more information and forms to follow. 

The MA advised today its now been passed to the under writers so hopfully will have update within the next 3 weeks. good luck to everyone on this thread though.  

MovingForwards

JLW_25 said:

So I’ve got my written offer today however the expiry date is 25th August and we are only due to complete our purchase in October 😩 so I don’t know what to do from now! Waiting for the broker to come back to me... 

It should be 6 months with a new build.

JLW_25

MovingForwards said:

JLW_25 said:

So I’ve got my written offer today however the expiry date is 25th August and we are only due to complete our purchase in October 😩 so I don’t know what to do from now! Waiting for the broker to come back to me... 

It should be 6 months with a new build.

We aren’t buying the new build we are buying the part exchange property but have to wait for their new build. They’ve said that they will extend it by 1 month (so takes us to end of September) which still doesn’t help because it won’t be ready til October. So we are going to have to reapply all over agin 😩

Kb21

JLW_25 said:

MovingForwards said:

JLW_25 said:

So I’ve got my written offer today however the expiry date is 25th August and we are only due to complete our purchase in October 😩 so I don’t know what to do from now! Waiting for the broker to come back to me... 

It should be 6 months with a new build.

We aren’t buying the new build we are buying the part exchange property but have to wait for their new build. They’ve said that they will extend it by 1 month (so takes us to end of September) which still doesn’t help because it won’t be ready til October. So we are going to have to reapply all over agin 😩

Omg noooo 😩

MovingForwards

JLW_25 said:

MovingForwards said:

JLW_25 said:

So I’ve got my written offer today however the expiry date is 25th August and we are only due to complete our purchase in October 😩 so I don’t know what to do from now! Waiting for the broker to come back to me... 

It should be 6 months with a new build.

We aren’t buying the new build we are buying the part exchange property but have to wait for their new build. They’ve said that they will extend it by 1 month (so takes us to end of September) which still doesn’t help because it won’t be ready til October. So we are going to have to reapply all over agin 😩

Oh, yeah that's the standard extension with them, which your broker should have known.

Will your credit history / financial situation be any day different then or would it still be Bluestone you need to use. 

JLW_25

MovingForwards said:

JLW_25 said:

MovingForwards said:

JLW_25 said:

So I’ve got my written offer today however the expiry date is 25th August and we are only due to complete our purchase in October 😩 so I don’t know what to do from now! Waiting for the broker to come back to me... 

It should be 6 months with a new build.

We aren’t buying the new build we are buying the part exchange property but have to wait for their new build. They’ve said that they will extend it by 1 month (so takes us to end of September) which still doesn’t help because it won’t be ready til October. So we are going to have to reapply all over agin 😩

Oh, yeah that's the standard extension with them, which your broker should have known.

Will your credit history / financial situation be any day different then or would it still be Bluestone you need to use. 

I don’t think any of us expected it to go through so quickly, and was expecting a 6 month offer with there being a NB in the chain. We have no adverse credit so it’s getting better by the day the reason we had to use Bluestone was because my partner had missed payments last year. I don’t really want to have to pay another valuation fee for another lender - but when we applied there was only Bluestone would have us. Just have to see what happens 🤞🏼 X 

Jen271626

Got a couple more soft searches done on our credit files (last time was for the dip) on Monday. Hoping that means its now moving along their system somewhere. When abouts did the rest of you have searches done?

Samrau

Jen271626 said:

Got a couple more soft searches done on our credit files (last time was for the dip) on Monday. Hoping that means its now moving along their system somewhere. When abouts did the rest of you have searches done?

We had ours done on DIP and the again we application was submitted.