Bluestone Mortgages

NervousMortgageApplicant

hereistohoping said:

NervousMortgageApplicant said:

Think we've hit a record waiting time. Our DiP was completed at begining of August, a week after the actual mortgage application went in. Since then, Bluestone via Brightstar requested a few updated docs but nothing out of the ordinary. Now ( 3 and half months later) the sellers decided to put the house back on the market. We are a bag of nerves, naturally on edge now. My broker has pushed hard and apparently Bluestone have reviewed our case but just waiting for valuation report (valuation don on Fri 13th.. ha ha), hopefully next week will be revealing. My broker has pre-empted up to date statements as so much time has passed, already prepped and sent. This waiting is so frustrating, I just hope we don't lose the house and that Bluestone turn this around quickly. Broker advised they would not waste time on our case if it were a closed case. We have adverse but no CCJs or Bankruptcy, a fair few missed payments resulting in defaults but these were at least 2 years ago, I'm a contractor which doesn't make things easy. Good luck 👍 all.

Ours is via bright star too. I don't have 3 months, we've 4 weeks Monday! The application was submitted 2 Nov and they didn't request the additional documents until 11th Nov. Our DIP was approved in October and we've got the authority to proceed for the help to buy too. Our solicitors have done all their checks and it's just a case of the offer whenever that will be so we can exchange by 11 Dec 

The bottleneck is definitely Bluestone, they seem to have a lot of applications at the moment and although the housing market is not closed by the 2nd lockdown there is a backlog of applications, I had to push my MA as our potential home has been put back on the market which has put the fear of god into us. MA pushed hard and it feels like progress, just keep the pressure on. 

jmwar92

Just had my post complete call first payment come out 1st January just have to pay a months and half worth just of anyone is wondering. When there payments will come out 

doglover34

Finally - mortgage approved pending valuation which is booked for Friday! Just need that to come back ok!

stephs26

doglover34 said:

Finally - mortgage approved pending valuation which is booked for Friday! Just need that to come back ok!

nearly there now!! so exciting for you! 

Marie0987

Hi, can anyone help please ? My application has now been passed to the head of credit as they are now saying my business falls out of their policy. I’m just annoyed is got to post underwriting stage to then say this. Has anyone experienced this ? Thank you x

stephs26

Marie0987 said:

Hi, can anyone help please ? My application has now been passed to the head of credit as they are now saying my business falls out of their policy. I’m just annoyed is got to post underwriting stage to then say this. Has anyone experienced this ? Thank you x

what is your business x 

doglover34

stephs26 said:

doglover34 said:

Finally - mortgage approved pending valuation which is booked for Friday! Just need that to come back ok!

nearly there now!! so exciting for you! 

I hope so ... still a nerve-racking time! Just hope we can still be in by xmas

Marie0987

I own a medical aesthetics clinic, I think they may have thought it was a beauty salon (I’m a nurse) I’m just so nervous now as I’m close to completion and my house has sold. My accountant has written a letter to clarify.. x

Marie0987

stephs26 said::

Marie0987 said:

Hi, can anyone help please ? My application has now been passed to the head of credit as they are now saying my business falls out of their policy. I’m just annoyed is got to post underwriting stage to then say this. Has anyone experienced this ? Thank you x

what is your business x 

sorry I’ve replied further down, I’m new to the forum x

Jentel31

Hi, 
Waiting on a mortgage application with Bluestone. Does anyone know if they contact your employer and if so what do they ask for? Our HR dept is notoriously slow! Thanks