Bluestone Mortgages

ACG

Is the legal work done? 
Valuation to offer should be around 48 hours. 

Your cutting it fine, when is the valuation booked in for? 
Valuation needs to be done, get sent back to the lender, offer issue and then the solicitor needs to give 5 working days to draw down on funds. 

If the legal work is done and the valuation is done by Tuesday/Wednesday, you might just about scrape it all together but beyond Wednesday I think you might struggle to complete in 2.5 weeks. 

alynos74

ACG said:

Is the legal work done? 
Valuation to offer should be around 48 hours. 

Your cutting it fine, when is the valuation booked in for? 
Valuation needs to be done, get sent back to the lender, offer issue and then the solicitor needs to give 5 working days to draw down on funds. 

If the legal work is done and the valuation is done by Tuesday/Wednesday, you might just about scrape it all together but beyond Wednesday I think you might struggle to complete in 2.5 weeks. 

Thursday 😬. All legals done as far as I know. Should I work on the assumption we are going to be in an airbnb for a few days?!

ACG

Speak to your solicitor. Also speak to your broker. 
Generally speaking, Bluestone issue an offer but it is not available to download for about 12 hours. So it might be that your broker can get the offer to your solicitor 12 hours sooner which might help. 

Its could be very tight. 

On a side note, I dont know if you have stuff to move. If you do theres a thing called PODS. Its like a container that gets delivered to your home, you load it up and then it gets moved to your new home. It saves you having to move to storage or a mates and the move again. 

alynos74

ACG said:

Speak to your solicitor. Also speak to your broker. 
Generally speaking, Bluestone issue an offer but it is not available to download for about 12 hours. So it might be that your broker can get the offer to your solicitor 12 hours sooner which might help. 

Its could be very tight. 

On a side note, I dont know if you have stuff to move. If you do theres a thing called PODS. Its like a container that gets delivered to your home, you load it up and then it gets moved to your new home. It saves you having to move to storage or a mates and the move again. 

That's really helpful thanks! We are buying our new build so no onward chain to worry about and our buyer is also chain free which is one less worry. Our sales exec is going to push to get the survey completed before Thursday even if it means coming in on his days off and I'll hassle my solicitor and broker again tomorrow to make sure everyone is on the same page. I am never ever moving again after this.

ACG

Its normally a little less stressful. 
You are buying with a specialist lender, when the country is up in the air, at a time products have been pulled and you have done it out of order (ie application, valuation, offer, legals - but I imagine the reasons above are the reason for that). 

I think you will be fine, especially if you are "happy to airbnb it for a couple of days". But its never normally as bad as it has been for the last month or so. 

canonman

Quick Question 

I'm somewhat slightly confused with how Taylor wimpy operate. I have told them since we paid a deposit for the house we have to move out of current accommodation by the 8th December. 

They have pushed back 3 times. The latest is the 16december but they said they have to give two weeks notice. This means the 3rd December I could move in by. I'm really not sure how the above works. 

What they did say is I need to instruct my solicitors to complete within 4 days ? Is this possible or does it cost to have it done this fast. Most of all how long does it take Bluestone to payout? 

Thanks 

firsttimebuyers07

canonman said:

Quick Question 

I'm somewhat slightly confused with how Taylor wimpy operate. I have told them since we paid a deposit for the house we have to move out of current accommodation by the 8th December. 

They have pushed back 3 times. The latest is the 16december but they said they have to give two weeks notice. This means the 3rd December I could move in by. I'm really not sure how the above works. 

What they did say is I need to instruct my solicitors to complete within 4 days ? Is this possible or does it cost to have it done this fast. Most of all how long does it take Bluestone to payout? 

Thanks 

Bluestone need 5 working days notice but speak to your broker they have things in place if you need the funds quicker. Our house builder told our solicitor they were aiming for 30.09.22 so he ordered the funds just in case.

you don’t have to accept the 10 working days notice we were served notice 36 hours before completion. If you want to have your full 10 working days for completion you are entitled to it but you can accept less.

Drawing funds down from bluestone was the easiest part, all we had to do was a pre completion call and then the money was released. My solicitor requested money on the Friday before completion and the money was in my solicitors account on the following Thursday. 

jamiebuyer

Has anyone remortgaged with bluestone after your fixed rate Is up?

MovingForwards

jamiebuyer said:

Has anyone remortgaged with bluestone after your fixed rate Is up?

@ACG how does it work with them? 
Is it a case of pick another fix and pay the arrangement fee or something else?

jamiebuyer

I was wondering this myself as I know my credit isn't good enough to go else where by the time it's ready for me to re mortgage