Here’s another example of how Bluestone Mortgages is helping advisers help more customers.

Our customer story..

Mr & Mrs T want to borrow £192k to repay their existing mortgage, £9k to repay 2nd charges or other loans, and £30k for home improvements. Their property is worth £700k.

During 2011- 2014 their daughter became seriously ill so Mrs T had to give up work to care for her. Mr T had also just left employment to start his own business. These pressures on the household finances resulted in 4 defaults totalling £36k and some mortgage arrears.

Here’s what happened:

The defaults are all over 3 years old so we ignored them, the mortgage arrears were also over 12 months old so we ignored those too. The new mortgage payment is £300 less per month than their current mortgage and loan payments. Payments have all been made satisfactorily since the life event so we were happy to approve the application.

If you’ve got an enquiry you’d like to discuss call us today on 0800 260 6061

Don’t forget all our Residential Remortgages come with free basic legals and a free valuation!