Bluestone Mortgages

Samrau

Kb21 said:

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 

I know every application is different can you remember how long you waited after submitting the last bit of documents? 

Samrau

Sevendoorsdown said:

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 😂

Yea our application was submitted on the 11/05 been with the underwriters since the 1st hard search has been done on the 8/06. So have no clue how they are doing timescales. They last asked for preps of deposit on the 28/05 and now the last bit of docs well I hope it’s the last 

Samrau

*proof of deposit

Sevendoorsdown

Samrau said:

Sevendoorsdown said:

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 😂

Yea our application was submitted on the 11/05 been with the underwriters since the 1st hard search has been done on the 8/06. So have no clue how they are doing timescales. They last asked for preps of deposit on the 28/05 and now the last bit of docs well I hope it’s the last 

I'd of thought you're super close then! This gives me hope that things will start to pick up our end. I'm sure yours will just be the final stages now, it sounds very positive. 

Waitingfornews

EmzJenks said:

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 

Hi. Yes I’ve had some payments from family to cover the shopping. So like my mum has put a lump sum in my bank to cover probably three lots of shopping, and I have told the MA that. And that’s now stopped so when I submit Junes bank statements the supermarket shopping is it a more normal level. I’m just a bit worried about it being declined on the basis that we spend too much on takeaway !!

Kb21

Samrau said:

Kb21 said:

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 

I know every application is different can you remember how long you waited after submitting the last bit of documents? 

About 2 weeks to offer 

Swanslad31

MA came back to me to say they just need one missing payslip for April. The message they said to him was "Upon receipt of the above the case will be placed in the final
underwriting/Offer queue which has an SLA of 24 hours" Does this mean it should be a yes or no within 24 hours?

Kb21

Swanslad31 said:

MA came back to me to say they just need one missing payslip for April. The message they said to him was "Upon receipt of the above the case will be placed in the final
underwriting/Offer queue which has an SLA of 24 hours" Does this mean it should be a yes or no within 24 hours?

I would say it means it’s no over yet will be at the final stage within 24 hours for the final checks then offer will be issued 

eje2021

Swanslad31 said:

MA came back to me to say they just need one missing payslip for April. The message they said to him was "Upon receipt of the above the case will be placed in the final
underwriting/Offer queue which has an SLA of 24 hours" Does this mean it should be a yes or no within 24 hours?

We're about the same stage as you (apparently) and hoping to have offer this week..... Though you never know with Bluestone... they like to keep us on our toes 

disneydreamer1985

Our case manager thinks it is stamp dry holding everything up because the deadline is next week.