Bluestone Mortgages

newton21

sarahjanelodge said:

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 

After some chasing, they have it, sending us the requirements, 

MovingForwards

@hereistohoping all insurers should.
Bluestone want to see proof their interest is noted, I used direct line and they emailed me proof which was acceptable to them.

sammys0210

hereistohoping said:

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 

Hey

I went with esure who sent me everything I needed instantly. I had paid more than first, however they could not provide me any policy docs until 10 days after I had sorted it with them which was just far too late. If you exchange in enough time to get it sorted out or are willing to pay before you have that confirmation they'll be fine but we exchanged less than 10 days before completion. They provided a letter stating Bluestone were an interested party however this wasn't enough for Bluestone they needed to know exactly which section or heading in the policy docs they were named in. 

I was close to breakdown by this point so thought it would be useful for others to know!

Joleen23

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  

Hi sammys0210
can I ask what you mean please, regarding the house and insurance and BS wanting to be an interested party?
is this normal procedure for everyone applicant?
many thanks 

MovingForwards

@Joleen23 all lenders ask to be noted as an interested party on the buildings insurance, after all the property / land is what they secure the mortgage on. It just means Bluestone are noted as having an interest in the building if anything happened.

It's normal with bluestone to want to see it, with me they wanted to see proof before releasing funds. I had buildings and contents insurance on the home I was buying, before contracts had been exchanged. 

Joleen23

MovingForwards said:

@Joleen23 all lenders ask to be noted as an interested party on the buildings insurance, after all the property / land is what they secure the mortgage on. It just means Bluestone are noted as having an interest in the building if anything happened.

It's normal with bluestone to want to see it, with me they wanted to see proof before releasing funds. I had buildings and contents insurance on the home I was buying, before contracts had been exchanged. 

Ok thanks for your help 

doglover34

Ive just had an update that my application will be back with the underwriters again tomorrow. They were waiting on an employee reference but my work said they havent had anything.  So work sorted a letter for me today and its been uploaded and hopefully they will accept that now. They also said its a 10 day turnaround for documents being uploaded once requested.  

jmwar92

doglover34 said:

Ive just had an update that my application will be back with the underwriters again tomorrow. They were waiting on an employee reference but my work said they havent had anything.  So work sorted a letter for me today and its been uploaded and hopefully they will accept that now. They also said its a 10 day turnaround for documents being uploaded once requested.  

@doglover34 we had this problem as well we sent a letter as. After waiting 3 weeks bluestone rejected as it’s a specific email they send your employer with 12 questions on it 

doglover34

jmwar92 said:

doglover34 said:

Ive just had an update that my application will be back with the underwriters again tomorrow. They were waiting on an employee reference but my work said they havent had anything.  So work sorted a letter for me today and its been uploaded and hopefully they will accept that now. They also said its a 10 day turnaround for documents being uploaded once requested.  

@doglover34 we had this problem as well we sent a letter as. After waiting 3 weeks bluestone rejected as it’s a specific email they send your employer with 12 questions on it 

Oh no!!! ekkk thanks, i'll get my employer to look for the email then, thank you

doglover34

jmwar92 said:

doglover34 said:

Ive just had an update that my application will be back with the underwriters again tomorrow. They were waiting on an employee reference but my work said they havent had anything.  So work sorted a letter for me today and its been uploaded and hopefully they will accept that now. They also said its a 10 day turnaround for documents being uploaded once requested.  

@doglover34 we had this problem as well we sent a letter as. After waiting 3 weeks bluestone rejected as it’s a specific email they send your employer with 12 questions on it 

@jmwar92 you were right the accepted the reference letter but wanted my boss to reply to the 13 questions email and he did that today! They also wanted 2 loans we're paying off to confirm these are in my name only which they are and the already have. Also wanted a new fugure on expenditure re petrol as we're moving further away from work we will be driving further. Just feels like its constant questioning of info they already have!