Our role
Banks and other high-street lenders are quick to brand mortgage seekers with poor credit as ‘Unlendable’. At Bluestone Mortgages, we see real people who deserve to be considered for home ownership based on their unique life circumstances rather than a vanilla financial history.
The Unlendables family
Contractors with inconsistent income, recent divorcees hoping to start over, or those going back to work after a life event.
More than ever, people are finding themselves in complex financial situations. Many brokers have had or will have customers who will sit alongside our Unlendables family.
The Unlendables family
Logan Low-Score
Like Logan, your client may have gained small defaults during university, but Bluestone ignores those defaults and will often approve loans based on affordability.
Freddy & Faith First-Home
Like Freddy and Faith, your clients may have been self-employed for less than three years but looking to buy their first home. In this case, Bluestone would accept one year’s accountants’ certificates or SA302’s to secure their offer.
Debbie Debts
If your customer is anything like Debbie, a divorce may have landed them in a tough spot financially with a lot of built-up debt which led to a few CCJs. Luckily at Bluestone Mortgages, we’ll allow Debbie to consolidate all of her debts by raising additional funds. We also allow up to 3 CCJs registered in the last 3 years.
Ronnie Remo
Every broker knows a Ronnie. He had multiple missed mortgage payments during the divorce proceedings and was looking to remortgage to pay off his ex-wife, raise capital to pay off his debt and borrow a little extra to build his dream kitchen. At Bluestone Mortgages, we can ignore late payments and lend additional funds to help customers with their dream home.
Ruby Rapid
Over the last year, we’ve been quietly at work, pushing the boundaries of innovation by creating a new digital platform, Bluesky. And now it’s finally live so that your time-strapped clients, like Ruby Rapid, utilises automation to increase the speed from application to offer.
Do your customers remind you of our Unlendable family members?
If our Unlendable family members remind you of your complex credit customers’, register with Bluestone Mortgages today to get them the mortgage they deserve.
We recommend you download our Product Guide to help you understand our application criteria and what documents we require with every mortgage application. Understanding this means your customer’s application can be processed as quickly as possible and they’ll have the greatest chance of success.
Keep it simple with our key product criteria:
- No credit scoring
- No application fee across the entire product range
- IVA, Bankruptcy & DMP’s all accepted
- No monetary limit on CCJ’s and defaults
- CCJ’s and defaults do not need to be satisfied
- Criteria based on customers credit profile on the date of completion, no application
Want to find out more?
Re-mortgage
- No LTV restriction for debt consolidation
- Fees-free products available
- Free basic legals or £500 cashback
- Capital raising for any legal purpose including business or tax bills
Self-employed
- 12 months trading
- Accept an accountants certificate in place of an SA302 for clients trading less than 2 years
- Latest income used for affordability
- Accept net profit and salary for Ltd Co Directors
Right to buy
- Available on residential 5-year fixed rate range
- Available in conjunction with all standard criteria
- Lend 100% of the discounted purchase price, up to a max 75% of open market value
- Up to 75% LTV
Contractors
- Accept day rate and PAYE contractors from day 1 – no previous contracting experience required
- Work off 48 weeks for day rate calculation
- All a 6 month gap in between contracts
- Can accept remittance slips in place of a SA302 for CIS workers
Bluesky
Our online application portal makes life easier
Intuitive, accurate, decisive and, transparent – our online DIP and application portal makes it easy for you to apply for your client’s mortgage with Bluestone.
An affordability calculator makes it easy for you to make a decision in principle (DIP), and the online dashboard provides clear and accurate case information, as well as automatic updates. Plus, all communication is handled through Bluelink, giving you direct access to our underwriters and their feedback.