Bluestone Mortgages

Fountains_27

SOS Call!!!!!
I have received mortgage offer since April and along the line my seller decided to add a chain deceptively.
It's been a roller coaster, as it is I do not have an exchange or completion date yet but I'm fighting hard to have same day exchange and completion date before the mid of this month.

My dilemma is first, stamp duty holiday ends on June 30th and I cant afford the extras. Second, my mortgage offer expires on July 5th.
The seller are retiree and told us during viewing they would move out if sales happen fast and that they had no chain but they changed.

Also I cant communicate with seller and their solicitor is not even forthcoming with quick responses to my solicitor. 

My question is, has anyone done exchange and completion same day with bluestone because if that is not possible then I may not meet up as it is.
Second, is there always a 5 days wait for bluestone to realease fund or what was your experience with the exchange date, release of fund or completion hassles?
Any advise on how to move this post quickly will be much appreciated.
Kind regards all!!!!

Jen271626

Fountains_27 said:

SOS Call!!!!!
I have received mortgage offer since April and along the line my seller decided to add a chain deceptively.
It's been a roller coaster, as it is I do not have an exchange or completion date yet but I'm fighting hard to have same day exchange and completion date before the mid of this month.

My dilemma is first, stamp duty holiday ends on June 30th and I cant afford the extras. Second, my mortgage offer expires on July 5th.
The seller are retiree and told us during viewing they would move out if sales happen fast and that they had no chain but they changed.

Also I cant communicate with seller and their solicitor is not even forthcoming with quick responses to my solicitor. 

My question is, has anyone done exchange and completion same day with bluestone because if that is not possible then I may not meet up as it is.
Second, is there always a 5 days wait for bluestone to realease fund or what was your experience with the exchange date, release of fund or completion hassles?
Any advise on how to move this post quickly will be much appreciated.
Kind regards all!!!!

Can the estate agents not make contact with the seller if the solicitors being useless and you need to communicate.

Foreverwaiting123

I can’t give advice as I’m a newbie myself but this is one of my worries, especially with the 10% being paid at exchange. In your shoes, I’d be knocking on the door and giving them your deadline and letting them know you will be pulling out of you don’t exchange in say 7 days. I too am eager for exchange and completion to be same day so hopefully others will have some advice. Dunno when this 10 percent payable at exchange happened I think it’s scary that’s a lot of money. I think it’s negotiable so I’d also be saying to your seller that as the timing is tight you won’t be paying that or charged with it if sale falls through. If that’s even possible. Good luck 

Kb21

Fountains_27 said:

SOS Call!!!!!
I have received mortgage offer since April and along the line my seller decided to add a chain deceptively.
It's been a roller coaster, as it is I do not have an exchange or completion date yet but I'm fighting hard to have same day exchange and completion date before the mid of this month.

My dilemma is first, stamp duty holiday ends on June 30th and I cant afford the extras. Second, my mortgage offer expires on July 5th.
The seller are retiree and told us during viewing they would move out if sales happen fast and that they had no chain but they changed.

Also I cant communicate with seller and their solicitor is not even forthcoming with quick responses to my solicitor. 

My question is, has anyone done exchange and completion same day with bluestone because if that is not possible then I may not meet up as it is.
Second, is there always a 5 days wait for bluestone to realease fund or what was your experience with the exchange date, release of fund or completion hassles?
Any advise on how to move this post quickly will be much appreciated.
Kind regards all!!!!

When your solicitor receives confirmation of release of funds from bluestones they will exchange contacts. We are exchanging tomorrow ready for Friday completion. Our solicitor will send money to sellers solicitors at 12midnight on the 10th 

Foreverwaiting123

Did you have to pay 10% at exchange ? X

Cosy2020

We’re exchanging with £1k but we’re buying a new build. They wanted us to exchange 10% but we negotiated as it would affect our ISA interest rates. 

Kb21

Foreverwaiting123 said:

Did you have to pay 10% at exchange ? X

We paid a 65% deposit and paid last week so there’s no hold up at exchange tomorrow 

Jen271626

Kb21 said:

Foreverwaiting123 said:

Did you have to pay 10% at exchange ? X

We paid a 65% deposit and paid last week so there’s no hold up at exchange tomorrow 

Wow that's alot 👏 

Kb21

Jen271626 said:

Kb21 said:

Foreverwaiting123 said:

Did you have to pay 10% at exchange ? X

We paid a 65% deposit and paid last week so there’s no hold up at exchange tomorrow 

Wow that's alot 👏 

Yes we only have a small mortgage thankfully. 

Jen271626

People who have had their offer and used Brightstar as a packager, what has your timescale been?