Bluestone Mortgages for adverse credit
Bluestone is a specialist that focuses on recent, real-life credit problems — a missed payment during a hard patch, a default you have since cleared — underwriting each case by hand rather than by score.
Can I get a Bluestone mortgage with recent adverse credit?
Often, yes. Bluestone is designed for applicants whose credit issues are relatively recent — the kind a mainstream lender rejects outright — and it underwrites individually, looking at what caused the problem and what has happened since.
Its whole premise is that a missed payment or a default does not tell the full story. A contractor who hit a rough patch between contracts, then recovered, is exactly the profile it is built to assess.
Where Bluestone fits
It is worth considering when the adverse is too recent for a mainstream lender or even for some other specialists — provided the account is now under control. It also takes complex and self-employed income, so a contractor with both a recent blip and a non-standard income can be assessed as one case.
Back on track after a rough patch
Day rate: £300
Annualised (5 × 46): ≈ £69,000
An illustration; the assessed basis is settled once the case reaches an underwriter.
Does Bluestone cost more?
Yes — pricing reflects the recency of the adverse, and recent issues price higher than aged ones. The plan is almost always to remortgage to a cheaper lender once the issue ages past mainstream thresholds. We set that timeline at the outset.
Bluestone or an aged-adverse specialist?
If your adverse is older and settled, a lender like Pepper Money or even a flexible mutual may take it more cheaply. Bluestone’s edge is recency. We match the age of your credit issue to the lender that prices it best.
A note on criteria
Bluestone grades by the type and recency of adverse, and those tiers move regularly. We put your actual credit file to the live criteria rather than quoting a threshold that may have changed.
Smart Mortgage Solutions is an independent, whole-of-market broker. We have no affiliation with Bluestone Mortgages and are not endorsed by it; the lender is named here only to describe lending we can arrange. Anything we say about its approach is subject to change and is confirmed at the point of application.
Lenders we work with — a selection
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Bluestone Mortgages, answered
Can Bluestone help with very recent credit problems?+
Its focus is recent, real-life adverse — issues too new for the mainstream — provided the account is now under control. How it is treated depends on the type and recency, assessed on your file.
Does Bluestone underwrite by hand?+
Yes. It assesses each case individually, weighing the cause of the credit issue and the conduct since, rather than rejecting on a score.
Is a Bluestone mortgage expensive?+
Recent adverse prices higher than aged adverse, so yes, above mainstream. The usual plan is to remortgage to a cheaper lender once the issue ages — which we build in from the start.
Bluestone or Pepper Money?+
Bluestone's edge is recent adverse; for older, settled issues a lender like Pepper or a flexible mutual may be cheaper. We match the age of the issue to the best-priced route.
Should I use a broker for Bluestone?+
Yes. Presenting a recent-adverse case clearly — the cause, the recovery, the current conduct — is what unlocks a specialist, and we prepare it the way its underwriters expect.