Bluestone Mortgages

Willowlou

snowwhite2 said:

Hi all
very interesting to see others experiences. It is so anxiety provoking. 

I got a DIP from bluestones about a month ago, since then had to provide loads of information for pre-underwriting. Formal application in 2 weeks ago, so far they have asked for a few bits of info, childcare costs, proof of deposit, not much else.
My own house sold in August (divorce situation) and have an offer in on a much smaller property. Have a decent and secure income and 50% deposit, but a poor credit rating, due to the divorce and associated issue (ie stress!!!). 

Very scared about being declined at this stage and feel in limbo as don’t feel like I can imagine having the new house until I have an offer. 

Every day I am dreading them asking for more info, it’s been so hard getting to all together in the midst of full time work and single mum etc, feel like I’m going to cry if they ask for anything else
I’m wondering what else they might ask and how quickly I will get through, as also scared of losing the house I have made an offer on!

It’s such an anxious time isn’t it! 

Our application to offer all happened in the space of 4 weeks. Underwrite seemed to go on forever! I have found, and noticed from reading this thread that if you answer their questions and provide documents when asked you should be fine. I found once it went to valuation we had our offer quite quickly after. 

Good luck 🤞 keep us updated with your progress. You’ll be fine 😊

esquire18

I’m going into week 10 since we applied. Has anyone else had a similar timeframe? I feel like ours is taking forever and sick of the stress. 

snowwhite2

It’s such an anxious time isn’t it! 

Our application to offer all happened in the space of 4 weeks. Underwrite seemed to go on forever! I have found, and noticed from reading this thread that if you answer their questions and provide documents when asked you should be fine. I found once it went to valuation we had our offer quite quickly after. 

Good luck 🤞 keep us updated with your progress. You’ll be fine 😊

Thank you. It was quite reassuring to read that it’s a process and also that others find it as anxiety provoking and all consuming as I do 🤞 

EverythingCrossed89

We had our verbal offer yesterday and written today 🥂🥳

Reading comments on here has really helped over the past month or so, thank you! ❤️

disneydreamer1985

esquire18 said:

I’m going into week 10 since we applied. Has anyone else had a similar timeframe? I feel like ours is taking forever and sick of the stress. 

Ours was 10 weeks and 3 days from the day the mortgage application was submitted to getting our offer. 

Kerrylou2

Has anyone had a special condition on their mortgage offer to pay off debt on completion? If so - how did you do this? Did you or your solicitor pay it - what proof did bluestone request? Thanks

esquire18

disneydreamer1985 said:

esquire18 said:

I’m going into week 10 since we applied. Has anyone else had a similar timeframe? I feel like ours is taking forever and sick of the stress. 

Ours was 10 weeks and 3 days from the day the mortgage application was submitted to getting our offer. 

That gives me some hope, thank you! 😊

Willowlou

Kerrylou2 said:

Has anyone had a special condition on their mortgage offer to pay off debt on completion? If so - how did you do this? Did you or your solicitor pay it - what proof did bluestone request? Thanks

We have had some conditions but it was what I had said I was paying off on the credit commitments form. 

I sent proof I’ve paid to my solicitor, there are 2 credit cards we are paying on completion but our solicitor is paying this from our equity. 

Kerrylou2

Willowlou said:

Kerrylou2 said:

Has anyone had a special condition on their mortgage offer to pay off debt on completion? If so - how did you do this? Did you or your solicitor pay it - what proof did bluestone request? Thanks

We have had some conditions but it was what I had said I was paying off on the credit commitments form. 

I sent proof I’ve paid to my solicitor, there are 2 credit cards we are paying on completion but our solicitor is paying this from our equity. 

Thanks - was it a condition for your solicitor to pay them from your equity? Did/do you need to pay your solicitor extra to do this? 

Barron1992

We had our offer yesterday  !!!