Bluestone Mortgages

afreshstart86

firsthome22 said:

afreshstart86 said:

Hi All, We are due to complete on Friday (9th). Does anyone know what date they take the first mortgage payment? The lady on the pre-completion call told me the amount our first payment will be which is just over half our total monthly payment. Will it be on the 1st of October?

What did they do during the pre-completion call please? 

They just ran through the mortgage details, terms of the mortgage, APR, how long its fixed for and the amount of our first payment. I then had to confirm a few questions like whether we expect our circumstances to change etc. My husband also had to call them and do the same call. It doesnt take long and is very straight forward.

afreshstart86

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! ☺️

From Application to getting an offer was about 10 weeks for us. I would defo keep on at your mortgage advisor too because our application didnt get looked at for a whole week - 10 days as the underwriter had gone on holiday and no one else looked at our application which was annoying.

kelt99

They’ve asked for information on a payday loans back in 2016 & 2018 they want dates and reasons why ect … don’t see how this can be relevant 4&6 years ago 😏

firsthome22

afreshstart86 said:

Hi All, We are due to complete on Friday (9th). Does anyone know what date they take the first mortgage payment? The lady on the pre-completion call told me the amount our first payment will be which is just over half our total monthly payment. Will it be on the 1st of October?

Did they email or anything prior to book in for completion call or did they just randomly call? We are due to complete this Friday (30th). Thank you.

alynos74

I’ve been reading this thread for a while as we are now 5 weeks into our application. I believe they are now doing their final checks - employment references which were returned on Wednesday - before instructing a valuation. 

Has anyone ever got this far and been declined, and is anyone else totally panicking that they will decline their application because of the current market?

MovingForwards

@firsthome22 my solicitor told me to call Bluestone to do the pre completion call.

@alynos74 there's only been a couple of people declined in the whole thread.  I was buying just as the pandemic started and panicked they'd stop lending, they didn't and everything went through ok.

alynos74

MovingForwards said:

@alynos74 there's only been a couple of people declined in the whole thread.  I was buying just as the pandemic started and panicked they'd stop lending, they didn't and everything went through ok.

Thanks so much. My rational head tells me they’d only go to the hassle of an employment reference if they are likely to lend to us, but then my anxiety creeps in and I’m convinced we are going to be declined!

kelt99

@alynos74 I’m at week 5 also and been asked for employment contact details so probably at the same stage. 

Are u in regular contact with your broker? How do you know they are instructing valuation? 

Thanks ☺️ 

MovingForwards

@kelt99 your broker will ask for the valuation fee / tell you to pay it to Bluestone.

Unless you've a free valuation, not sure if they're still doing that it may have been shared ownership, then your broker will tell you when it's being done.

alynos74

kelt99 said:

@alynos74 I’m at week 5 also and been asked for employment contact details so probably at the same stage. 

Are u in regular contact with your broker? How do you know they are instructing valuation? 

Thanks ☺️ 

Our broker has advised us that as long as they’re happy with everything after employment reference then the next stage would be valuation. It’s so nerve wracking!