Our Customers

Mr Stone had three small defaults registered for £60 - 80  last month due to a dispute with his mobile phone provider as well as a £1000 CCJ registered 10 months ago. This occurred due to Mr Stone falling ill and being unable to work for a period of time meaning he could not meet all of his credit payments. He returned straight back to work once recovered and has made all payments without any further issues.

We could see he had maintained payments since returning to work so we were happy to support him. We ignore CCJ's/Defaults under £300 regardless of how recent they are and we don't credit score.

• Debt Management Plans accepted and can remain
• CCJ's/Defaults under £300 or over 3 years ignored, even if registered within the last 3 months
• CCJ's/Defaults over 3 years ignored
• All Telecommunication CCJ’s/Defaults ignored
• Up to 4 Defaults and 3 CCJ's within the last 3 years, none in the last 6 months

If you have a case you would like to discuss, please get in touch.

Mrs Smith is a higher-rate taxpayer and needs 140% rental coverage on his BTL property but the rent received does not cover this. We allow clients to use non-property income to top up the shortfall in rental income (min rental coverage is 112.5% Basic Rate Taxpayer & 112% coverage for higher-rate taxpayer).

Mrs Smith is receiving £1500pm rent but needs £1850pm to fit 140% rental coverage, so has a £350pm shortfall.

After carrying out a full affordability assessment on Mrs Smith's income and expenditure including stressed residential mortgage payment, our team of dedicated underwriters found that he has £500pm surplus income.

The £350 shortfall, therefore, can be covered by this allowing the Buy to Let application to proceed.

If you have a case you would like to discuss, please do not hesitate to get in touch.
 

Mrs Kent set up a new business 2 years ago. As she was new to the industry at the time, her first year of accounts were not showing a high net profit/turnover, totalling to around £19,000. 

Her second year however was when he really hit the ground running, as she developed a lot of contacts within the industry. Subsequently the net profit for that year was £70,000.

Most lenders would want to average the last two years. If this was the case Mrs Kent wouldn’t be able to get the home she desired. Mrs Kent came to us as we can assess income based on the latest year only, and as a result was able to get into her dream home.

• Use the latest years accounts
• Only 1 years trading history needed
• Accountant's certificates, Accounts or SA302s accepted

If you have a case you would like to discuss, please do not hesitate to get in touch.

Mr Lanas, a contract worker has been in the UK for the last three years. Every summer he goes back to visit his family in Spain for 5 months at a time, leaving his UK working commitments behind.

On his most recent return to the UK, Mr Lanas wanted to apply for a mortgage with his wife. He has recently started a new role as a day rate contractor for a construction company.

At first, he didn’t think he would be able to get a mortgage due to the employment gaps and because he had just started a new contract. However, at Bluestone, we were able to help as we can accept 6-month gaps in contracts, as long as the applicant has been contracting for two years or more.

• Day rate x 48 weeks
• First time contractors - day 1 of contract
• Minimum three months left on contract
• 6 month gap allow if contracting for 2 years or more

If you have a case you would like to discuss, please do not hesitate to get in touch.