Bluestone Mortgages Guide: Options for Complex Credit and Income

A Bluestone Mortgages complex credit income situation is extremely common for clients who fall outside traditional high-street criteria. If you’ve had issues such as defaults, CCJs, missed payments, or you earn income in a non-standard way, Bluestone Mortgages is one of the most flexible specialist lenders available.

They focus on real-life circumstances, understanding that people’s finances don’t always fit a perfect template. This guide explains how Bluestone Mortgages assess complex income, how they handle adverse credit, what products they offer, and what you need to know before applying.

---

What Makes Bluestone Mortgages Different?

Bluestone Mortgages specialise in lending to people with:

• Bad credit or historic financial issues
• Irregular or complex income
• Gaps in employment
• Self-employment or freelance earnings
• Multiple income sources
• Credit events that high-street lenders would often decline

Their underwriting is manual, not purely automated, meaning your case is assessed by a person — not just a credit score.

---

What Types of Credit Issues Does Bluestone Consider?

Bluestone is known for having one of the broadest approaches to adverse credit. They may consider applications involving:

CCJs

Both satisfied and unsatisfied, depending on age, value and explanation.

Defaults

Common across credit cards, loans and utilities. Older and settled defaults are more straightforward.

Missed Payments

Single or historic missed payments may be accepted, especially if your recent conduct is clean.

Arrears

Some types of historic arrears can be considered if you’ve stabilised your financial behaviour.

Debt Management

Bluestone often accepts applicants with past or current debt management plans, depending on status and affordability.

Their philosophy is based on understanding why the issue happened — and how your situation has improved.

---

What Does Bluestone Class as “Complex Income”?

Bluestone is well-known for working with clients whose income structures do not fit traditional models.

Examples include:

• Self-employed income (including sole traders and directors)
• Freelance or contract-based earnings
• Commission-heavy roles
• Overtime-based earnings
• Multiple jobs or blended income
• Income that has fluctuated over recent years
• Newly self-employed applicants (subject to certain conditions)

High-street lenders often struggle with applicants whose earnings vary month-to-month — but Bluestone’s assessment is more flexible and realistic.

---

How Bluestone Assesses Complex Income

When underwriting complex income, Bluestone looks at:

Stability

Is your income consistent over time?

Track record

How long have you been self-employed or contracting?

Evidence

Can you provide bank statements, accounts, statements or tax documents?

Sustainability

Is the income likely to continue?

Unlike many mainstream lenders, Bluestone does not automatically penalise fluctuating or non-traditional income.

---

How Bluestone Assesses Bad Credit

Bluestone has a tiered approach to adverse credit, based on how recent the issues are. They assess:

• Timing of CCJs or defaults
• Whether issues were due to life events
• Whether your situation has improved since
• Whether the credit issues are isolated or ongoing
• Your recent bank statement conduct

Recent stability is significantly more important than perfect historical behaviour.

---

What Deposit Do You Need With Bluestone?

Deposit requirements depend on:

• The severity and recency of bad credit
• Property type
• Your income structure
• Your overall affordability

Applicants with clean recent behaviour may access higher loan-to-values, while more significant recent credit issues may require a stronger deposit.

---

Why Bank Statements Matter to Bluestone

Bluestone reviews the last few months of bank statements to understand:

• Spending habits
• Overdraft usage
• Returned direct debits
• Gambling activity
• BNPL spending
• How well you manage monthly cash flow
• Whether your income and outgoings match your application

Even if your credit file has marks, strong recent bank conduct can transform your chances.

---

Can Bluestone Help If You’ve Been Declined Elsewhere?

Yes. Bluestone often accepts clients who have been declined by:

• High-street lenders
• Automated underwriting systems
• Banks that only accept standard income
• Lenders with strict credit-score thresholds

If you’ve experienced a recent decline but your situation has stabilised, Bluestone may still consider your case.

---

Who Is Bluestone Best Suited For?

Bluestone Mortgages may be ideal if you:

• Have complex or irregular income
• Are recently self-employed
• Have CCJs, defaults or missed payments
• Have multiple income sources
• Want human underwriting rather than automated scoring
• Need a lender who looks at your overall story, not just numbers
• Have been rejected by traditional banks

They are one of the most adaptable specialist lenders for applicants outside standard criteria.

---

How to Strengthen Your Application for Bluestone

To give yourself the best chance:

• Keep bank statements clean for at least 3–6 months
• Avoid new borrowing before applying
• Reduce credit card balances if possible
• Prepare documentation that supports complex income
• Keep spending predictable and controlled
• Build the biggest deposit you can
• Provide a clear explanation of past credit issues
• Work with a broker experienced in Bluestone cases

Bluestone rewards honesty, stability and clear evidence.

---

Final Thoughts

A Bluestone Mortgages complex credit income application can feel daunting — but specialist lenders like Bluestone are built for exactly these scenarios. Whether you’ve had bad credit, a patchy work history, or earnings that high-street banks struggle to understand, Bluestone’s flexible, human approach can be a lifeline.

This article provides general information only. For personalised guidance, regulated mortgage advice is required.