Bluestone Mortgages

ladydeen

Willowlou said:

ladydeen said:

Hi. I can totally relate with you all. This has been one of the most stressful times of my life. We have put our application at the beginning of July and still not got offer yet. We have been asked numerus times for documents including some of the one we have already submitted.

So we've reserved our new build at the end of June, got HTB confirmed, all paperwork and conveyancer searches done and even pay £2500 for choices of the kitchen, flooring etc (non-refundable). Valuation was done by BS and still been asked for more things. Due to the delays in the mortgage, we now lost the house which has been sold last week ☹ and nothing on the market that fits our needs and under HTB.

As I have recently changed job, I have now been told that the BS will unlikely make the offer as I am still in probation period until December. BS was aware of this as I have started the job just before application was submitted. I am a nurse and worked for the same employer for 8 years with a 1 year break when I done agency work (still worked for the same NHS Trust but via agency). I now re-join the same  NHS Trust again for more security.

I know BS is a specialised mortgage provider but this drip feeding and asking for documents every few days is ridicules. Why can they not look at the application in full and give you ALL of the documents list required.

Bottom line I think that the MA and packager is a key. Our is absolutely rubbish. I wish I seen this forum before applying and got us someone who is experienced in dealing with BC.

Good luck to everyone and hope you have your offers soon.

Oh god! I’m so sorry to read this! That is awful! I’ve been a nervous wreck for weeks and each time I get an email asking for something else I want to cry! 

What are you going to do about your application? Does the new build site have anything else they can offer? 

Hopefully you will be getting some positive news soon.
I'm not sure what will I do next yet but keep looking for houses available. If I won't find any or end up not getting the offer I will wait a year and hopefully get better mortgage rates.  

katett77

Thought I would write on here to let people know our time frame with Bluestone and reassure those waiting...

Our MA put our application in on the 18th August.

Our MA had gathered quite a lot of standard info from us for the DIP but immediately after application submitted BS asked for:

24 of rent payments proof-we got letter from letting agency
Statements from gifted deposit account (my mum who was helping us out)
Our deposit proof (ISAs in my case)
Latest bank statements up to August (they only had until July)
P60 for me 

We were then asked for various other things to complete, including

outstanding credit info form to be completed and signed by us
tenancy reference (completed by letting agency-despite having already done 24 month proof letter) 
self employed declaration for my husband
how we paid for childcare (although comes out of salary on my payslip and i'd flagged this)
more forms for gifted deposit

We were never asked about expenditure and we never have much money left at end of month.

Valuation booked for 20th September 
Valuation back 22nd September 
Mortgage offer received 27th September with lower rate than expected

We are completing on the 29th October and although it's been stressful at times, it is worth it. We never had to wait too long when info submitted and MA was good at reassuring us this was all normal.

Good luck to all those waiting, I never believed we would be able to buy a house, with our past credit issues but it can be done!

Willowlou

katett77 said:

Thought I would write on here to let people know our time frame with Bluestone and reassure those waiting...

Our MA put our application in on the 18th August.

Our MA had gathered quite a lot of standard info from us for the DIP but immediately after application submitted BS asked for:

24 of rent payments proof-we got letter from letting agency
Statements from gifted deposit account (my mum who was helping us out)
Our deposit proof (ISAs in my case)
Latest bank statements up to August (they only had until July)
P60 for me 

We were then asked for various other things to complete, including

outstanding credit info form to be completed and signed by us
tenancy reference (completed by letting agency-despite having already done 24 month proof letter) 
self employed declaration for my husband
how we paid for childcare (although comes out of salary on my payslip and i'd flagged this)
more forms for gifted deposit

We were never asked about expenditure and we never have much money left at end of month.

Valuation booked for 20th September 
Valuation back 22nd September 
Mortgage offer received 27th September with lower rate than expected

We are completing on the 29th October and although it's been stressful at times, it is worth it. We never had to wait too long when info submitted and MA was good at reassuring us this was all normal.

Good luck to all those waiting, I never believed we would be able to buy a house, with our past credit issues but it can be done!

That’s really helpful thank you for sharing! My valuation was completed on Friday, had confirmation today it was back and ok so now waiting. Were you asked any more info from valuation to offer? That’s the bit that’s stressing me now.. the not knowing. 

Lastchanceforahome

Kerrylou2 said:

Lastchanceforahome said:

We are still getting requests for more documents every couple of days then waiting for them to be reviewed etc, like a big cycle of stress! We are with Simply who have been great but slow progress so far and only a matter of time before the vender starts getting annoyed waiting 

What are they asking for? I’m still waiting too - prob for the next questions 🙄

Proof of income (again) work reference details (again) reason for adverse (again) they also wanted a gifted deposit form from my parents for giving me a bit of money 3 months ago just in case they want it back?! Its been back and forwards for several weeks now 

Lastchanceforahome

katett77 said:

Thought I would write on here to let people know our time frame with Bluestone and reassure those waiting...

Our MA put our application in on the 18th August.

Our MA had gathered quite a lot of standard info from us for the DIP but immediately after application submitted BS asked for:

24 of rent payments proof-we got letter from letting agency
Statements from gifted deposit account (my mum who was helping us out)
Our deposit proof (ISAs in my case)
Latest bank statements up to August (they only had until July)
P60 for me 

We were then asked for various other things to complete, including

outstanding credit info form to be completed and signed by us
tenancy reference (completed by letting agency-despite having already done 24 month proof letter) 
self employed declaration for my husband
how we paid for childcare (although comes out of salary on my payslip and i'd flagged this)
more forms for gifted deposit

We were never asked about expenditure and we never have much money left at end of month.

Valuation booked for 20th September 
Valuation back 22nd September 
Mortgage offer received 27th September with lower rate than expected

We are completing on the 29th October and although it's been stressful at times, it is worth it. We never had to wait too long when info submitted and MA was good at reassuring us this was all normal.

Good luck to all those waiting, I never believed we would be able to buy a house, with our past credit issues but it can be done!

Thanks so much for this, gives me a little bit of hope that the backwards and forwards with documents is normal. Every time they ask for something else I get less hopeful and more  stressed 

disneydreamer1985

We got our extension

Kerrylou2

Lastchanceforahome said:

Kerrylou2 said:

Lastchanceforahome said:

We are still getting requests for more documents every couple of days then waiting for them to be reviewed etc, like a big cycle of stress! We are with Simply who have been great but slow progress so far and only a matter of time before the vender starts getting annoyed waiting 

What are they asking for? I’m still waiting too - prob for the next questions 🙄

Proof of income (again) work reference details (again) reason for adverse (again) they also wanted a gifted deposit form from my parents for giving me a bit of money 3 months ago just in case they want it back?! Its been back and forwards for several weeks now 

Hopefully by them asking for more is a good sign as it’s not a ‘no’. Let’s hope you hear back very  soon 😬🤞🏼🤞🏼

Willowlou

disneydreamer1985 said:

We got our extension

Yay! That’s great 😃 
We’re still waiting to hear back from valuation 😬

Kerrylou2

Willowlou said:

disneydreamer1985 said:

We got our extension

Yay! That’s great 😃 
We’re still waiting to hear back from valuation 😬

Hopefully you’ll hear today 🤞🏼🤞🏼

Stixalot

Willowlou said:

Yay! That’s great 😃 
We’re still waiting to hear back from valuation 😬

We are in the same position now, hope everything goes well for all of us on here!