Bluestone Mortgages

Foreverwaiting123

Jen271626 said:

Foreverwaiting123 said:

Rising damp!! Can’t believe it. Would like the punch the seller in the face he knew! All that stress and money!! Foaming/relieved/gutted all at the same time. I’m going to keep looking. Could actually cry 😭 

Wow thats ba of him. Others have said on here recently that you can use your offer for someone else and just get a new credit check and valuation done so hopefully they are correct and you cab do the same and find somewhere better soon. Best of luck

I thought not but MA said the same so I’ve started to book some viewings. Back in the game I think 🤞

homeownerdreams

Foreverwaiting123 said:

Jen271626 said:

Foreverwaiting123 said:

Rising damp!! Can’t believe it. Would like the punch the seller in the face he knew! All that stress and money!! Foaming/relieved/gutted all at the same time. I’m going to keep looking. Could actually cry 😭 

Wow thats ba of him. Others have said on here recently that you can use your offer for someone else and just get a new credit check and valuation done so hopefully they are correct and you cab do the same and find somewhere better soon. Best of luck

I thought not but MA said the same so I’ve started to book some viewings. Back in the game I think 🤞

Fingers crossed for you!!! You’ve had such a rough ride!

Sammie2021

fingerscrossed7 said:

oluakin20 said:

Hi All,
We all have a reason for going with bluestone as must have been advised by the broker. The first thing really is to get a very good broker who understands how each of this specialist lenders work. From my experience, I was using a broker who got a DIP with aldermore in February but got declined at offer stage on 27th of march just after the lockdown.
As the country opened up for moving in june, I contacted Simply adverse. This broker got us DIP on 22nd of June with bluestone. Our documents were properly checked and packaged to meet bluestone standards with all anticipated questions answered. Broker submitted application to bluestone on 8th of July. My estate agent called on 12th to say that bluestone has booked for valuation for 13th. On the 20th, bluestone asked for one other document. And on 23rd of July we got our offer with some conditions which I have to fulfill. We exchanged contract on the 30th and completed on the 31st of July.
This has taken just 23 days from application to completion, this can only be done with a good broker. I will advice everyone to be sure of broker to be used before proceeding with any. Packaging of your papers is crucial to bluestone. They will query what led to your adverse credits and what you have been doing since then.
If you are in need of a good broker, just call simply adverse and ask for Lee. This guy is amazing at advice and packaging that will come back with little or no query.

I second this, we also used Simply but dealt with Aime initially and Lilly from the point the application was submitted. They've been incredible, honestly can't fault the service we've received. The process was straight forward and well communicated. They asked for everything up front from us to properly package the application which I really think made the process a lot easier once the application was submitted. 

Hi I’m currently using simply. We have a DIP with bluestone and now are at the stage of handing over a lot of information to their in-house underwriter team - is this normal? I’m panicking 
also was told by my case handler that any outstanding payday loans can be paid with the proceeds at the point of exchange- where we will have money from the sale. Is this correct ? As the in house underwriter as put ;  

Please note all payday loans need to be cleared and proof provided.

So now in a massive panic. We are downsizing and using the extra money from sale to clear as much as we can

Problems caused because of loss of job. DMP (with some missed payments albeit these were agreed due to loss of job), poor credit etc 

Cosy2020

@Sammie2021 if simply said that then I’d go with what they say. From experience on this thread everyone’s experience is different. We were told we weren’t allowed to apply if we’d had a payday loan in the last 6 months but I’ve seen people on this thread who had a payday loan active and open on their file and got an offer. 

Simply wouldn’t have got you a DIP if they thought you wouldn’t get an offer! It’s a really stressful process so try to relax as much as possible - easier said than done I know! 

Nedsawaiting

Cosy2020 said:

@Sammie2021 if simply said that then I’d go with what they say. From experience on this thread everyone’s experience is different. We were told we weren’t allowed to apply if we’d had a payday loan in the last 6 months but I’ve seen people on this thread who had a payday loan active and open on their file and got an offer. 

Simply wouldn’t have got you a DIP if they thought you wouldn’t get an offer! It’s a really stressful process so try to relax as much as possible - easier said than done I know! 

@Cosy2020 when do you complete? Been wondering how you’re getting on.

Cosy2020

Nedsawaiting said:

Cosy2020 said:

@Sammie2021 if simply said that then I’d go with what they say. From experience on this thread everyone’s experience is different. We were told we weren’t allowed to apply if we’d had a payday loan in the last 6 months but I’ve seen people on this thread who had a payday loan active and open on their file and got an offer. 

Simply wouldn’t have got you a DIP if they thought you wouldn’t get an offer! It’s a really stressful process so try to relax as much as possible - easier said than done I know! 

@Cosy2020 when do you complete? Been wondering how you’re getting on.

Not for another few months yet! House is still being built - how are you getting on? 

Nedsawaiting

@Cosy2020 I thought you were in soon. It will be worth the wait. Our house is almost finished having its final checks. Our house demonstration is next week. No offer yet though. MA says we should have an update tomorrow. They asked for a few other bits after valuation including employment references. I hope we get some good news tomorrow. I don’t know what else they would need.

Cosy2020

Nedsawaiting said:

@Cosy2020 I thought you were in soon. It will be worth the wait. Our house is almost finished having its final checks. Our house demonstration is next week. No offer yet though. MA says we should have an update tomorrow. They asked for a few other bits after valuation including employment references. I hope we get some good news tomorrow. I don’t know what else they would need.

We’ve got another 2 months until completion yet - so just sitting tight and made a home Instagram account to help pass the time 😂 oh wow, so only a couple weeks left until your house is finished then! Do you think you’ll end up exchanging and completing on the same day? Keep us updated with how you get on and when you get the offer! 

Icklesaint

@Cosy2020 what’s your insta il follow you.  X

Sammie2021

Sounds crazy how it’s so hard when all we are doing is trying to get into a better situation. What I don’t understand is that we are lowering our current mortgage value by moving by £50,000. Will be clearing a secured loan of £22,000, plus other debts totalling £10,000. And are struggling to get this. Someone mentioned to me today that I should ask to move/port our current mortgage? As the debt is already there and we are paying the above out of the sale. Has anyone got any experience of this and is it worth trying this route