Bluestone Mortgages

hereistohoping

Hi everyone. Application going from MA to BrightStar Monday and then onto Bluestone. I found the packaging guide via Bluestone so we've sent every document asked including already signing their forms. We were called yesterday to be told by our broker they are going to push for the exchange within 6 weeks but legal completion won't be until 1 Feb even though the house is ready to go now. Does anyone know why they might have had this stipulation from Bluestone? I'll be asking Monday but at the time it took me off guard I forgot to ask. 

jmwar92

Did anyone get an offer on the first lockdown and was rejected or did it still go through we got our offer and solicitor asked for our deposit but now worried now I’ve given it they can withdraw as we go onto another lockdown 

MovingForwards

jmwar92 said:

Did anyone get an offer on the first lockdown and was rejected or did it still go through we got our offer and solicitor asked for our deposit but now worried now I’ve given it they can withdraw as we go onto another lockdown 

Things are different this time compared to when I was buying during lockdown.

Everyone is settled into working from home, have got their routine going, IT systems are working like people are in the office and have ironed out any issues. It should just carry on as normal for you at this stage.

jmwar92

MovingForwards said:

jmwar92 said:

Did anyone get an offer on the first lockdown and was rejected or did it still go through we got our offer and solicitor asked for our deposit but now worried now I’ve given it they can withdraw as we go onto another lockdown 

Things are different this time compared to when I was buying during lockdown.

Everyone is settled into working from home, have got their routine going, IT systems are working like people are in the office and have ironed out any issues. It should just carry on as normal for you at this stage.

@M@MovingForwards did you move still complete then in lockdown 

sammys0210

Just wanted to give an update on my time scales for anyone starting out -

DiP done early in the year... possibly around May, can't remember exactly. We couldn't do full application until we knew 100% my partner was off the mortgage with his ex. No fault of Bluestone.
27th August - full application in
2nd Sept - more docs requested as month changed so needed updated bank statements
10th Sept - Valuation (new build)
22nd Sept - more docs requested, payslips. I had come off maternity end of August so they wanted an updated payslip. Also asked for another bank statement
24th Sept - offer through
20th October - moved in to new house

All went ahead as planned no issues with paying out, had to provide specific info for house insurance as Bluestone wanted to be names as an interested party and wanted to see the heading which their interest is noted under.. went through 2 insurance providers before i got what they needed.

My solicitor and MA had used them before and knew how they worked which i think really helped it along. We went through TFC though my MA (local company with broker fee much less than simply!!!) 

Good luck all hope it all works out for you as well as it did for us  

MovingForwards

@jmwar92 yes, my offer expired as they were focusing on those who had exchanged, then once those were dealt with could deal with everyone else.

My offer got extended, solicitor checked the seller / solicitor was ready to go. I paid the arrangement fee, did the pre-completion call with bluestone, sent all my money to the solicitor, sorted the insurance out and sent proof. Solicitor requested funds.
When the lender funds were received he exchanged contracts before logging off for the evening and completion took place the following morning.

Added complication was registers of Scotland (Scottish land registry) were not fully operational online and had to get everything set up, tested, trialled and that was established by the time mine was going through. I was monitoring their website several times a day.

It was about 6 weeks after lockdown started I got my keys. A few days later the local removal guys came, emptied my rental of furniture and took it to my home.

What everyone has to remember is the lender still have their staff working from home, most solicitors are working from home and relying on admin to scan any documents to files or prepare bundles for collection by the solicitor. So things are taking longer than in normal circumstances, but they are used to working this way now, unlike back when this started.

newton21

We had our offer come through 21/10/20, the Solicititors still haven’t received paperwork - how long does it normally take 

Ruffle13

newton21 said:

We had our offer come through 21/10/20, the Solicititors still haven’t received paperwork - how long does it normally take 

I thought it was instantly available via an online system that your solicitor has access to?

hereistohoping

sammys0210 said:

Just wanted to give an update on my time scales for anyone starting out -

DiP done early in the year... possibly around May, can't remember exactly. We couldn't do full application until we knew 100% my partner was off the mortgage with his ex. No fault of Bluestone.
27th August - full application in
2nd Sept - more docs requested as month changed so needed updated bank statements
10th Sept - Valuation (new build)
22nd Sept - more docs requested, payslips. I had come off maternity end of August so they wanted an updated payslip. Also asked for another bank statement
24th Sept - offer through
20th October - moved in to new house

All went ahead as planned no issues with paying out, had to provide specific info for house insurance as Bluestone wanted to be names as an interested party and wanted to see the heading which their interest is noted under.. went through 2 insurance providers before i got what they needed.

My solicitor and MA had used them before and knew how they worked which i think really helped it along. We went through TFC though my MA (local company with broker fee much less than simply!!!) 

Good luck all hope it all works out for you as well as it did for us  

Where did you end up getting your
home insurance from? If bluestone want to be added as an interested party to ours I just want to be ready with a company who comply with their request rather than stressing out trying to find one 

sarahjanelodge

newton21 said:

We had our offer come through 21/10/20, the Solicititors still haven’t received paperwork - how long does it normally take 

They should get it through an online system