Bluestone Mortgages

JoeyKez

kelt99 said:

ACG said:

kelt99 said:

I’ve had a DIP but not a final offer. Does the rate that I’ve been offered still stand??

No. It is only if you have a full mortgage offer. 

Just spoke to my mortgage broker and he tells me mines locked in … so that’s good news for me 

Excellent work! Had you received your offer by then? My MA has said we have to go with the new rates, despite us having expected to receive our offer last Friday (when they pulled it). I wonder if that would be taken into consideration.

ACG

kelt99 said:

ACG said:

kelt99 said:

I’ve had a DIP but not a final offer. Does the rate that I’ve been offered still stand??

No. It is only if you have a full mortgage offer. 

Just spoke to my mortgage broker and he tells me mines locked in … so that’s good news for me 

If you have a full mortgage offer, your rate is safe but not at DIP stage. 
Unless your broker gave you the new rates rather than the rates before the products were pulled last week? 

kelt99

ACG said:

kelt99 said:

ACG said:

kelt99 said:

I’ve had a DIP but not a final offer. Does the rate that I’ve been offered still stand??

No. It is only if you have a full mortgage offer. 

Just spoke to my mortgage broker and he tells me mines locked in … so that’s good news for me 

If you have a full mortgage offer, your rate is safe but not at DIP stage. 
Unless your broker gave you the new rates rather than the rates before the products were pulled last week? 

Nope..
Just dip 5 weeks ago, just had work references ready for valuation. 

Literally messaged by broker and he said the offer still stands , at 5.8% 

kelt99

JoeyKez said:

kelt99 said:

ACG said:

kelt99 said:

I’ve had a DIP but not a final offer. Does the rate that I’ve been offered still stand??

No. It is only if you have a full mortgage offer. 

Just spoke to my mortgage broker and he tells me mines locked in … so that’s good news for me 

Excellent work! Had you received your offer by then? My MA has said we have to go with the new rates, despite us having expected to receive our offer last Friday (when they pulled it). I wonder if that would be taken into consideration.

That’s rubbish! I don’t know where I stand then. I’m only going by what my mortgage broker has told me. He said my offer is locked in?? Only at DIP Not sure how or why but I’ve asked him to double check! 

JoeyKez

Just noticed the products have been released on their website. They look pretty high!

ACG

kelt99 said:

ACG said:

kelt99 said:

ACG said:

kelt99 said:

I’ve had a DIP but not a final offer. Does the rate that I’ve been offered still stand??

No. It is only if you have a full mortgage offer. 

Just spoke to my mortgage broker and he tells me mines locked in … so that’s good news for me 

If you have a full mortgage offer, your rate is safe but not at DIP stage. 
Unless your broker gave you the new rates rather than the rates before the products were pulled last week? 

Nope..
Just dip 5 weeks ago, just had work references ready for valuation. 

Literally messaged by broker and he said the offer still stands , at 5.8% 

I am pretty sure your broker is wrong. 
I have emails from Bluestone and spoken to my account manager yesterday and an underwriter this morning, all of which state if you have not yet got an offer you have to choose a new product. I get on very well with the guys at Bluestone (I was one of the very first brokers to use them, I have been for nights out with their directors), I cant see how you would get something nobody else is. In fact I am fairly sure it would be a breach of TCF rules set out by the FCA. 

kelt99

ACG said:

kelt99 said:

ACG said:

kelt99 said:

ACG said:

kelt99 said:

I’ve had a DIP but not a final offer. Does the rate that I’ve been offered still stand??

No. It is only if you have a full mortgage offer. 

Just spoke to my mortgage broker and he tells me mines locked in … so that’s good news for me 

If you have a full mortgage offer, your rate is safe but not at DIP stage. 
Unless your broker gave you the new rates rather than the rates before the products were pulled last week? 

Nope..
Just dip 5 weeks ago, just had work references ready for valuation. 

Literally messaged by broker and he said the offer still stands , at 5.8% 

I am pretty sure your broker is wrong. 
I have emails from Bluestone and spoken to my account manager yesterday and an underwriter this morning, all of which state if you have not yet got an offer you have to choose a new product. I get on very well with the guys at Bluestone (I was one of the very first brokers to use them, I have been for nights out with their directors), I cant see how you would get something nobody else is. In fact I am fairly sure it would be a breach of TCF rules set out by the FCA. 

Ok I’ve just spoke to my mortgage broker and he’s confirmed the offer won’t change, if he’s wrong he hasn’t owned up to it yet and I’ve asked several times! He spoke to bluestone just this morning! 

Not sure that having ‘nights out’ with the directors makes any difference 😂
im going with what  my mortgage broker is telling me (no offence)… feel like customers should go with the advice of their own brokers because each case is different. 

In my case mines a remortgage, not a brand new mortgage deal. If I don't remortgage I’l stay with who I am.. no home lost, but will be stuck on SVR thats rubbish! 

JoeyKez

Thanks @ACG for your advice to date. I’m currently trying to see if we can do anything with these new rates. Do you know how easy it would be to increase the term time of the mortgage? I will make sure to ask my MA but I got the impression Bluestone look at things a little differently then high street lenders with regards to term time.

ACG

kelt99 said:

ACG said:

kelt99 said:

ACG said:

kelt99 said:

ACG said:

kelt99 said:

I’ve had a DIP but not a final offer. Does the rate that I’ve been offered still stand??

No. It is only if you have a full mortgage offer. 

Just spoke to my mortgage broker and he tells me mines locked in … so that’s good news for me 

If you have a full mortgage offer, your rate is safe but not at DIP stage. 
Unless your broker gave you the new rates rather than the rates before the products were pulled last week? 

Nope..
Just dip 5 weeks ago, just had work references ready for valuation. 

Literally messaged by broker and he said the offer still stands , at 5.8% 

I am pretty sure your broker is wrong. 
I have emails from Bluestone and spoken to my account manager yesterday and an underwriter this morning, all of which state if you have not yet got an offer you have to choose a new product. I get on very well with the guys at Bluestone (I was one of the very first brokers to use them, I have been for nights out with their directors), I cant see how you would get something nobody else is. In fact I am fairly sure it would be a breach of TCF rules set out by the FCA. 

Ok I’ve just spoke to my mortgage broker and he’s confirmed the offer won’t change, if he’s wrong he hasn’t owned up to it yet and I’ve asked several times! He spoke to bluestone just this morning! 

Not sure that having ‘nights out’ with the directors makes any difference 😂
im going with what  my mortgage broker is telling me (no offence)… feel like customers should go with the advice of their own brokers because each case is different. 

In my case mines a remortgage, not a brand new mortgage deal. If I don't remortgage I’l stay with who I am.. no home lost, but will be stuck on SVR thats rubbish! 

100% get it, you listen to to your broker. I genuinely hope you complete on the rate you have and you can come back on here are prove me wrong. 

The point I was trying to make is that I use Bluestone a lot, I know their processes well etc so I am fairly confident what I am saying is right. But like you say, you stick with what your broker is saying. There is nothing worse than getting 2 conflicting stories. 

ACG

JoeyKez said:

Thanks @ACG for your advice to date. I’m currently trying to see if we can do anything with these new rates. Do you know how easy it would be to increase the term time of the mortgage? I will make sure to ask my MA but I got the impression Bluestone look at things a little differently then high street lenders with regards to term time.

I have had a call from an underwriter today about 2 cases I have with them. 
They told me they both still pass affordability on the new products so we are all good. They have generated a new illustrations and nothing more to do. 

I suspect if I wanted to change the term I could have done without a problem, assuming it still fits affordability and retirement ages etc.