Bluestone Mortgages

HS1234

eje2021 said:

HS1234 said:

eje2021 said:

So... on the website it's saying 100% of applications underwritten in 13 days... Has anyone gone over that? I'm almost 100% sure we're over 13 (working) days now and slowly losing the will to live   We've made the decision to book our valuation (which is now being done Monday after originally being told it was being done yesterday...)  in an attempt to speed the process up...

My MA spoke to the BDM today. Apparently every time they ring in we get pushed back 5 days in the queue. This sounds bizarre to me but that’s what I was told. So now we have decided to leave them alone for the next week to see what happens. 

Do you ever get the feeling they are just trying to get rid of us  in any other industry this sort of rubbish would be considered shocking... God knows how they get away with it 

I’m a teacher, if I don’t respond to a parent they would be harassing until they speak to me 🤣. They literally have our futures at their finger tips. 

Niamicah_489512100

@FOREVER21 I will keep you updated on the progress 😊

disneydreamer1985

Weekend - at least we can relax a little on the weekend rather than refreshing. 

Sevendoorsdown

Waitingfornews said:

Hi everyone. I’ve been following this thread and have tried to read through it all to see if there is an answer to my question but haven’t found anyone who is in the same situation. We are relatively early on in the process, our application to Bluestone was submitted on the 14th of June. We’ve had two DIP’s because it’s taken us so long to find a house !! Both were approved straightaway. We’ve now found a house and submitted our application, however our mortgage broker has expressed some concerns to us about affordability. On paper we can afford the mortgage easily, we have a large deposit from equity in our current home, and both are on a good wage. We’ve had credit problems and mortgage arrears in the past but nothing for over 14 months. We have no outstanding credit, only a lease car. However, our broker seems to think that the transactions on our bank statements might be detrimental to us getting an offer. Over the last few months we have had quite a lot of takeaways and we’ve also done a lot of supermarket shopping. Some of the shopping is for relatives who have been shielding during the lockdown, but they are now vaccinated and will be doing their own shopping. But I am now panicking that we will be refused on affordability, because over the last few months we’ve eaten a lot of takeaways and done a lot of supermarket shopping. We don’t have an overdraft, so we’re not using that to pay for the takeaways, it’s all coming out of disposable income. My question is, has anyone else been in this situation, or known anyone that has been declined because their bank statement shows quite a lot of spending on things like takeaways and food shopping ?  The takeways are around £250 per month.  But we are a family of 4, three of whom are adults. I’m really panicking now that they’re going to decline us based on our spending. 

We included eating out / takeaways on our food / leisurely activity section.
Our broker went through everything affordability wise and told us to allow a bit more so the disposable income was practical. It may be worth adding a note to your file that the money on shopping was not just yours. If your wait is anything like ours, They'll be asking for more bank statements before offer anyway so I wouldn't worry too much 

Foreverwaiting123

@Waitingfornews
 I don’t know the answer but my spending is horrendous. I’ve survived on takeaways for the past few months due to long shifts and just being disorganised but have got as far as valuation. I think I read somewhere that bluestone only care about your commitments like loans etc as the rest you can cut back on. I’ve had all sorts of vet bills and things lately I cringe At my statements so I did wonder myself but as like yourself it comes from my wages not credit cards or overdraft seemingly they don’t care. I’ll see what others think 🤔 but I think you will be fine 

EmzJenks

Waitingfornews said:

Hi everyone. I’ve been following this thread and have tried to read through it all to see if there is an answer to my question but haven’t found anyone who is in the same situation. We are relatively early on in the process, our application to Bluestone was submitted on the 14th of June. We’ve had two DIP’s because it’s taken us so long to find a house !! Both were approved straightaway. We’ve now found a house and submitted our application, however our mortgage broker has expressed some concerns to us about affordability. On paper we can afford the mortgage easily, we have a large deposit from equity in our current home, and both are on a good wage. We’ve had credit problems and mortgage arrears in the past but nothing for over 14 months. We have no outstanding credit, only a lease car. However, our broker seems to think that the transactions on our bank statements might be detrimental to us getting an offer. Over the last few months we have had quite a lot of takeaways and we’ve also done a lot of supermarket shopping. Some of the shopping is for relatives who have been shielding during the lockdown, but they are now vaccinated and will be doing their own shopping. But I am now panicking that we will be refused on affordability, because over the last few months we’ve eaten a lot of takeaways and done a lot of supermarket shopping. We don’t have an overdraft, so we’re not using that to pay for the takeaways, it’s all coming out of disposable income. My question is, has anyone else been in this situation, or known anyone that has been declined because their bank statement shows quite a lot of spending on things like takeaways and food shopping ?  The takeways are around £250 per month.  But we are a family of 4, three of whom are adults. I’m really panicking now that they’re going to decline us based on our spending. 

Are the people you've done the shopping for as they're shielding not paying you back? ie are there not transfers in for the money you're spending? as that would balance that out so it would just be take aways and I'm sure that would be fine as others have said, it isn't a financial commitment. However as your MA has expressed the concern I'd be more likely to take it a bit seriously. And maybe be asking the people you've shopped for to pay you back if they haven't already 

Kb21

Waitingfornews said:

Hi everyone. I’ve been following this thread and have tried to read through it all to see if there is an answer to my question but haven’t found anyone who is in the same situation. We are relatively early on in the process, our application to Bluestone was submitted on the 14th of June. We’ve had two DIP’s because it’s taken us so long to find a house !! Both were approved straightaway. We’ve now found a house and submitted our application, however our mortgage broker has expressed some concerns to us about affordability. On paper we can afford the mortgage easily, we have a large deposit from equity in our current home, and both are on a good wage. We’ve had credit problems and mortgage arrears in the past but nothing for over 14 months. We have no outstanding credit, only a lease car. However, our broker seems to think that the transactions on our bank statements might be detrimental to us getting an offer. Over the last few months we have had quite a lot of takeaways and we’ve also done a lot of supermarket shopping. Some of the shopping is for relatives who have been shielding during the lockdown, but they are now vaccinated and will be doing their own shopping. But I am now panicking that we will be refused on affordability, because over the last few months we’ve eaten a lot of takeaways and done a lot of supermarket shopping. We don’t have an overdraft, so we’re not using that to pay for the takeaways, it’s all coming out of disposable income. My question is, has anyone else been in this situation, or known anyone that has been declined because their bank statement shows quite a lot of spending on things like takeaways and food shopping ?  The takeways are around £250 per month.  But we are a family of 4, three of whom are adults. I’m really panicking now that they’re going to decline us based on our spending. 

I would certainly try and hold off spending to much of you can until you have the keys in your hand. If your MA is showing concern then bluestones will prob pick up on it to. Be careful of to many transactions going though your bank from different people if shopping for other people they will question this and want to see lots of evidence it’s not money laundering 

Samrau

Ok so got an update. MA was expecting and offer this week so dont think it’s going to happen now. After 3weeks of nothing from bluestone they want self employment declaration and lending past state age retirement declaration signed and proof of rental payments for April and may2019. Submitted all straight away. Whats your thoughts do you think I’ll get pushed back in que now and wait another 3weeks or do I still have a chance for this week 🤞

Kb21

Samrau said:

Ok so got an update. MA was expecting and offer this week so dont think it’s going to happen now. After 3weeks of nothing from bluestone they want self employment declaration and lending past state age retirement declaration signed and proof of rental payments for April and may2019. Submitted all straight away. Whats your thoughts do you think I’ll get pushed back in que now and wait another 3weeks or do I still have a chance for this week 🤞

We had to do this to. Defo a positive thing. U won’t go back in the que hopefully and get your offer 

Sevendoorsdown

Samrau said:

Ok so got an update. MA was expecting and offer this week so dont think it’s going to happen now. After 3weeks of nothing from bluestone they want self employment declaration and lending past state age retirement declaration signed and proof of rental payments for April and may2019. Submitted all straight away. Whats your thoughts do you think I’ll get pushed back in que now and wait another 3weeks or do I still have a chance for this week 🤞

Was your case with underwriters? We were fully submitted 27/5 but they requested more documents on 3/6 and when they were finally happy they passed it over to underwriters 8/6.. Their website is showing cases as of yesterday being assessed from 3/6 so our broker has told us they won't look at our case until the website says 8/6 because they took 3 working days to assess paperwork. I hope that made sense 😂