Bluestone Mortgages

esquire18

When you completed, what did they do? Did they do another credit check and we’re they slow? 

Just not sure what to expect. 

Kerrylou2

esquire18 said:

When you completed, what did they do? Did they do another credit check and we’re they slow? 

Just not sure what to expect. 

They didn’t do another credit check with us - but i was told not do apply for any credit etc to be on the safe side.

Completion was quick to be honest - they were quite specific of what they wanted document wise - we had debts to pay off so redemption statements etc, but other than that, they were pretty good! They do a completion call at the end - but this is literally a 5 minute phone call of them confirming the mortgage and payments and checking that all is OK and correct. 

esquire18

Ok great, we haven’t taken any credit but I upgraded my phone without thinking. 

We’ve already provided everything they asked for around the conditions so hopefully it will be quick 😊🤞

bezzachar817

Hi everyone, please can someone help if they’ve been in a similar situation - so we’ve applied for a mortgage with Bluestone and I’ve been on long term sick leave (6 months) due to certain things happening last year but I am back at work now. Will this negatively affect our application? Thank you.

bezzachar817

Also, does Bluestone ask for a reference from EVERYONE’S employer? 

Kerrylou2

esquire18 said:

Ok great, we haven’t taken any credit but I upgraded my phone without thinking. 

We’ve already provided everything they asked for around the conditions so hopefully it will be quick 😊🤞

To be honest - I’m not aware of anyone who’s completed on this thread being credit checked again so you’ll be ok 👌🏼 ah fingers crossed for you - they were pretty quick with ours, you may need to get your advisor to keep chasing - but generally they came back every 2/3 days so wasn’t too bad at all. 👍🏼

Kerrylou2

bezzachar817 said:

Also, does Bluestone ask for a reference from EVERYONE’S employer? 

They sent a reference request to my partners employer, which was a bit of a pain to be honest, but luckily his manager was really good and done it on the same day for us. 

DKDUFFY23

bezzachar817 said:

Also, does Bluestone ask for a reference from EVERYONE’S employer? 

Hi

They did with me as I only started with this employer in November. Was more for probabtion period. They also like to confirm the following this is what they asked below 

· Job Role?

· Start date of continuous employment (including any previous role)?

· Part time or full time? if part time, amount of guaranteed hours

· Basic income?

· If any overtime earned is it regular?

· Any additional income including commission, bonuses etc?

· Please advise of all/any attachment of earning deductions.

· Do you foresee the current Covid-19 situation having a material effect on the applicants likelihood to receive their full salary going forward?

· Has the applicant been on furlough? If so please confirm their return date.  If currently on furlough, please confirm their current return date.

· Please can you confirm if the Applicant is working from home, if so what are the arrangements?

· Please confirm if on long-term sickness and if so, anticipated return to work date.

· Please confirm if the applicant is within a probationary period, if so please confirm the end date of probation.

· Is the employee on a zero hours or temporary contract?

· Please confirm your position within the company?

ACG

Choco_cookie said:

For anyone that is starting their application, make sure your MA knows what they are doing or get one recommended one form successful applications on this forum. Mine is making me feel like I am bothering him, never gives any sort of updates does not chase my case unless I call him five times in the morning. 

I submitted my application in November and I’m still waiting, valuation has been instructed on the 31st of January but has not been booked yet 🤷🏽‍♀️, whenever I call for updates he tells me “I don’t know I am busy right now I will let you know” then a week goes by. I just found out he just leave important information behind. 

Make sure you get a good MA or if anyone can recommend good ones, that know what they are doing so new applicants don’t go through what I’m going through. 

Im not trying to plug for business but this is so true. 
Pretty much all brokers will have access to Bluestone but all of the specialist lenders work very differently to high street lenders. 

Bluestone have changed elements of their process 2-3 times in the last 12 months. Someone who used them once 12 months ago will probably not know their quirks. They are a great lender and will happily ignore a lot, but there are some things they are quite sharp on. 

Hooefullyhopeful

Anyone heard any news .. seems to be taking forever 🤦‍♀️