Bluestone Mortgages

alexjared93

buftymctufty said:

Some f gambling
there was a loan too (that cleared credit card debts - was advised would have improved my credit score )

was told if reapplied in 3 months might be ok but can’t wait that long.

Hopefully another lender can help, maybe aldermore?

how much would you off had left each month after your bills & proposed mortgage payment if that makes sense

buftymctufty

About 1200 after bills Inc tv etc

alexjared93

Wishing you the best luck mate! What mortgage brokers did you use?

buftymctufty

A local one

ACG

buftymctufty said:

Not one for negativity but ours was rejected today from bank statements despite earning 3x mortgage payment per month.

make sure it’s squeaky clean 

onto plan b

You were declined for bank statements? What on the bank statements? 
I cant imagine them declining you for normal spending. 

Intrigued as I have come across this and just wondering if there is something I should be keeping my eye out for. 

disneydreamer1985

alexjared93 said:

That’s a shame! Did you have any gambling transactions? I’m really worried now as we pretty much live month to month as we spend all our disposable income on food / days out etc and we do have some returned DD’s on our statements from telecoms due to them not changing the date  (although After I provided an explanation to the MA they advised bluestone was ok with the explanation) 

We lived month to month, no savings, disposable income spent each month and we were fine. Mortgage offer came through in July, had to get an extension due to completion being 3 days after our offer was due to expire and we’ve been in our house for 9 weeks now. 

It’s a long old process and so stressful but it’s worth it. 

buftymctufty

I did more digging

they had asked for us to clear the credit card debt when we sold the house but as it was getting ridiculous I took out a loan to clear the balances and cut up cards.
this loan to be paid off on sale.
apparently they didn’t like the timing of it.
My fault

sean..t_3

hello all, just a post to say we got our mortgage offer today from bluestone!
i have been a follower of this thread for quite a while!
Bit about me!! im formally bankrupt (discharged 2018), two ccj's on credit report (covered by the bankruptcy) so not the best! the wife has a clean slate so no problem with her status.
i had an inheritance so have a substantial deposit (90k)
we applied for bluestone last july! and had an aip to start looking.
found a property eventually after being outbid time after time in october, end of october put in the full application.
loads of requests from bluestone for different documents. 
to and throwing our mortgage advisor asked if we could pay for the valuation to speed things up as bluestone was worried
we'd pull out ??  dont know why they'd think that but we got it done.
anyhow so happy now and the mrs can stop stressing !!
we got there and for anyone else in the same situation there is hope !
regards ..........

alexjared93

disneydreamer1985 said:

alexjared93 said:

That’s a shame! Did you have any gambling transactions? I’m really worried now as we pretty much live month to month as we spend all our disposable income on food / days out etc and we do have some returned DD’s on our statements from telecoms due to them not changing the date  (although After I provided an explanation to the MA they advised bluestone was ok with the explanation) 

We lived month to month, no savings, disposable income spent each month and we were fine. Mortgage offer came through in July, had to get an extension due to completion being 3 days after our offer was due to expire and we’ve been in our house for 9 weeks now. 

It’s a long old process and so stressful but it’s worth it. 

Thanks for this, it’s really helpful and glad to know others have had a good outcome! 

I have 3 CCJs and we’re bankrupt 2018 but all debt and CCJs were included in bankruptcy, - clean credit file since apart from I had 5 missed payments (stupidly!) on a cc card Dec 2020. 

My partner has 2 CCJs from 2018/19 which are both settled and 2 outstanding defaults (one from 2018 and 2019) but clean slate since. Broker advises underwriters are ok with our credit / bankruptcy which is good to know, just worried as we had the couple telecom DD returned in oct / Nov so stressed about bank statements. (No late payments and accounts are up to date)

Our broker has submitted our full application today to Bluestones so the waiting game begins 🤞.  

DIP 16/12/21
House reserved (new build) 17/12/21
HTB applied 17/12/21
ATP received 04/01/22
Full App submitted 05/01/22

hoping it’s not too long to wait for bluestones as the wait / stress has been awful so far, plus developer keeps chasing as they want to exchange within 28 days (14/01) but this is really unlikely! 

Anyone else is same position / know current timeframes? 

feelinghopefull2022

We submitted our bits for our DIP at 4pm yesterday, 10:40am today we got our DIP. Just submitted all our other documents for the full application today so fingers crossed won’t take too long