Bluestone

firsttimehome

Has anyone got to offer with bluestone mortgages and wanting more legal documents off the gifter the grandparent is well in her 80s and seen at offer they can ask for her to do extra legal documents Thankyou 

ACG

The age of the person providing the gift is irrelevant. Although I suppose if in her 80s, there could be concerns about what happens if she passes or needs to go into care. 

For Bluestone they usually need a gifted deposit form, ID and bank statements for the person providing the gift. 

If they want more than this, it could be down to the solicitors or there is something else that has cropped up as an issue, money from abroad for example. 

firsttimehome

ACG said:

The age of the person providing the gift is irrelevant. Although I suppose if in her 80s, there could be concerns about what happens if she passes or needs to go into care. 

For Bluestone they usually need a gifted deposit form, ID and bank statements for the person providing the gift. 

If they want more than this, it could be down to the solicitors or there is something else that has cropped up as an issue, money from abroad for example. 

Thankyou yes we’ve done the gifted deposit form id and bank statements just saw a few people at offer with bluestone needing extra things for them to do like declaration of solvency and gift deed not sure what these are 

ACG

Is that Bluestone or the solicitors? 
Usually if it is Bluestone requirement, we (as the broker) would get involved. I dont recall ever having to do that. But it makes sense it is needed. 

I suspect it is the solicitor doing on their behalf and Bluestones. 

newbuuild22

We are still being asked for more documents!!! When will this end?! 😅

firsttimehome

ACG said:

Is that Bluestone or the solicitors? 
Usually if it is Bluestone requirement, we (as the broker) would get involved. I dont recall ever having to do that. But it makes sense it is needed. 

I suspect it is the solicitor doing on their behalf and Bluestones. 

I just saw in the forum some
people when they get a mortgage offer off bluestone it’s subject to them two documents when it’s a gifted deposit and to be done by a solicitor , I have never heard of them before so just wanted to know if it’s a normal process for gifted with bluestone so I can prepare but maybe it’s not Thankyou though for responding