Bluestone Mortgages

kelt99

Mortgage offer in principle and full application sent 26/8 
any ideas how long it takes for them to get in touch? 

Will it be through my broker or will they contact me direct? It’s been 3 weeks as I’ve heard nothing 
thanks! ☺️

MovingForwards

kelt99 said:

Mortgage offer in principle and full application sent 26/8 
any ideas how long it takes for them to get in touch? 

Will it be through my broker or will they contact me direct? It’s been 3 weeks as I’ve heard nothing 
thanks! ☺️

It's through your broker, if you've not yet heard from them chase.

kelt99

@MovingForwards - I did, got a very short reply saying it does take a long time 🙄 
Just wanted other peoples timescales ect. 

ACG

Its taking about 4-5 working days at the moment for updates. 

kelt99

@ACG been waiting 3 weeks with nothing 🙄

ACG

kelt99 said:

@ACG been waiting 3 weeks with nothing 🙄

It looks like it is even less than 4-5 working days:
https://bluestonemortgages.co.uk/brokers/ - scroll half way down, 3 working days. 

You might need to give your broker a nudge. 

canonman

I have now exchanged contracts. 

The deposit was sent to the solicitors who does that go to, bluestone or the house developer. 

We can’t complete till December due to delays with the house but are Bluestone and us in a contract or could they still pull out etc? 

MovingForwards

canonman said:

I have now exchanged contracts. 

The deposit was sent to the solicitors who does that go to, bluestone or the house developer. 

We can’t complete till December due to delays with the house but are Bluestone and us in a contract or could they still pull out etc? 

Deposit goes to the seller.

The mortgage offer can be withdrawn if you have a change of circumstances eg take on additional credit, lose job etc, same with any lender. Hopefully your broker went through what you shouldn't do!

canonman

MovingForwards said:

canonman said:

I have now exchanged contracts. 

The deposit was sent to the solicitors who does that go to, bluestone or the house developer. 

We can’t complete till December due to delays with the house but are Bluestone and us in a contract or could they still pull out etc? 

Deposit goes to the seller.

The mortgage offer can be withdrawn if you have a change of circumstances eg take on additional credit, lose job etc, same with any lender. Hopefully your broker went through what you shouldn't do!

They did was just unsure weather exchange was another word for completion, but I understand its not. Do they check once more before they release the money?

ACG

Not usually. but they always reserve the right to.