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Reviews

3.4

143 reviews
5
(70)
4
(19)
3
(1)
2
(1)
1
(52)
  • Transparency
    2.7 (19)
  • Customer Service
    2.7 (19)
  • Loan TypeVariable Rate (14) · Fixed Rate (3)
  • Application Process
    3.1 (18)
  • Timeliness
    3.1 (17)
  • Loan used for
    • Refinancing (6)
    • Investment Property (3)
    • Renovation (2)
    • First Home (2)
    • Second Home (1)
  • Loan Term26.333 years (6)
  • Online Tools
    3.4 (5)
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MARIS

MARISSouth East Queensland, QLD

  • 2 reviews

Helpful and Supportive

published
Transparency
Customer Service
Application Process
Timeliness
Online Tools
Loan TypeVariable Rate
Loan Start DateMay 2020
Loan used forFirst Home
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Anon

AnonMetropolitan Adelaide, SA

And the worst lender of the year award goes to....

published
Transparency
Customer Service
Application Process
Timeliness
Online Tools
Loan TypeVariable Rate
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MARIS

MARISSouth East Queensland, QLD

  • 2 reviews

Helpful and supportive

published
Transparency
Customer Service
Application Process
Timeliness
Online Tools
Loan TypeVariable Rate
Loan Start DateMay 2020
Loan used forFirst Home
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David

DavidPerth, WA

Last resort - Stay away

published
Transparency
Customer Service
Application Process
Timeliness
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Derek

DerekMetropolitan Adelaide, SA

  • 2 reviews
  • 1 like

Steer clear of this money grabbing low life lender!+

published
Transparency
Customer Service
Application Process
Timeliness
Loan TypeVariable Rate
Loan used forRefinancing
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Nicole W.

Nicole W.Greater Melbourne (Outer), VIC

I wish I could give 0 stars

published

Don't use these loan sharks! When i contacted Bluestone to seek a review of our interest rate in light of of the Covid-19 situation they claimed that unlike most other companies they would not be reviewing their interest rates BECAUSE of Covid-19. They directed us to the hardship department which we clearly indicated we did want want to do as our priority is to keep paying our mortgage and not freeze our payments which would increase the total amount we owe and not help us in the long run. When most other companies are trying to assist their clients Bluestone just want to continue to gouge its clients. An absolute disgrace in the current environment when their rates are already significantly higher than a normal bank.

Transparency
Customer Service
Application Process
Timeliness
Loan TypeFixed Rate
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Dismayed

DismayedPerth, WA

Not Passing on RBA Interest Rate Cuts

published

With Bluestone reduced borrowing costs, Back to Back RBA rate cuts- that have not been forwarded to the customer base, Bluestone could have a PR reversal ( positive light ) and negate those rampant thoughts from their customer base of lack of Empathy and Perceived Profiteering from this global pandamemic, which can only be seen in shameful and abhorrent light. Why not pass on of the Bluestones reduced borrowing costs ? It would be for the Customers and Bluestone's image benefit

Transparency
Customer Service
Application Process
Timeliness
Loan TypeVariable Rate
Loan used forInvestment Property
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4 comments
Dismayed
Dismayed
Dismayed
Dismayed
Bluestone Mortgages
Bluestone T.Bluestone Mortgages

soul destroying

published

As my husband passed away 12 yrs ago I wish to downsize, I was advised the break fee will be large ie thousands of dollars. Cannot list to sell until I have final figure. Wont be able to afford alternate housing.
Lets join for class action. Update $20,000 loan 8 yrs ago will cost $122,025 to pay out today.

Transparency
Customer Service
Application Process
Loan TypeFixed Rate
Loan used forRenovation
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Mvdk

MvdkPerth, WA

  • 2 reviews

Stay away from the this company big time! Shocking

published

My mother took out a reverse mortgage 12 years ago for $100K and has now decided to sell her property.
They have advised her the break free cost is $189K plus the interest on top of principal another $100K! So a total owing they quoted is $400K on a property worth around $460K. This is so wrong and day light robbery how can they can get away with this? Something has to be done. If she sells her property now she will have nothing left. Stay away from them, how can they legally get away with this? The public need to know about this. Don't do it.

Transparency
Customer Service
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Timeliness
Online Tools
Loan TypeFixed Rate
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Jerry J

Jerry JVictoria

  • 2 reviews

Excellent Customer Service!

published

Moving my mortgage from one lender to another can be very daunting, but Jessica Wilson made the process easy and effortless. I appreciate the professional service and keeping me updated through the whole process. Jessica you are true professional with a true understanding for Customer service. You saved me many thousands of dollars and only happy to recommend you to anyone seeking to refinance. Thanks once again Jessica and keep up the good work you are a true asset to Bluestone .

Transparency
Customer Service
Application Process
Timeliness
Loan TypeVariable Rate
Loan Start DateJanuary 2020
Loan used forRefinancing
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1 comment
Bluestone Mortgages
Bluestone T.Bluestone Mortgages

Wow thanks Jerry! Jess is very appreciative of your feedback, and we're super happy that you've had a great experience with us.
Regards, the Bluestone Team

summa81

summa81

  • 2 reviews

Amazing staff great rates

published

Jessica from bluestone was amazing to deal with from start to finish I could not recommend a better company or better staff!!! Interest rates are great as well!!!! honestky the easiest process ever!!!

Transparency
Customer Service
Application Process
Timeliness
Online Tools
Loan TypeVariable Rate
Loan Start DateDecember 2022
Loan used forRefinancing
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1 comment
Bluestone Mortgages
Bluestone T.Bluestone Mortgages

Appreciate the kind words! Jess is very happy that she was able to successfully guide you through the whole process. Happy new year!
Regards, the Bluestone Team

Modern day loan shark

published

This company approved our preapproval and conditional approval for 4.99% interest rate.
But cunningly increased final approval 9.14%. Monthly payment $5100, my monthly income $4900.
Matter with AFCA (ombasment) at the moment.
Person who incharge here, she is massive con artist.

Never ever go near this loan sharks.

Transparency
Customer Service
Application Process
Timeliness
Loan TypeVariable Rate
Loan Start DateApril 2022
Loan used forRefinancing
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Loan Sharks - Stay Away

published

I agree with Derek - they were quick to increase my interest rate yet despite numerous rate cuts from the RBA they have not been passed on - is this even legal - go elsewhere if you can they are relentless and non customer focused once they have your business. We will be going elsewhere as soon as possible.
You are lucky if you had a rate cut we have only had an increase

Transparency
Customer Service
Application Process
Timeliness
Loan TypeVariable Rate
Loan Start DateJuly 2017
Loan used forRefinancing
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1 comment
Bluestone Mortgages
Bluestone T.Bluestone Mortgages

Hi Anne, we're sorry to hear that you haven't had the perfect experience with us. If you give us a call on 13BLUE (13 25 83) our team will be happy to discuss your loan with you directly.
Best regards, the Bluestone team

Very good service from a specialist Lender

published

Jessica Wilson is an champion when it comes to customer service and supporting her clients.
Lending process was smooth and efficient, if you need a loan in the specialist lender space we would recommend Bluestone.

Transparency
Customer Service
Application Process
Timeliness
Loan TypeVariable Rate
Loan Start DateOctober 2022
Loan used forInvestment Property
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1 comment
Bluestone Mortgages
Bluestone T.Bluestone Mortgages

Thanks for the great feedback!
We are thrilled you had a positive experience with Jessica and Bluestone.
Cheers, the Bluestone team.

Irresponsible Lender

published

My wages did not cover my mortgage.I withdrew all my super and was forced 12 yrs later to sell and owed almost the same amount I borrowed due to interest

Transparency
Customer Service
Loan TypeVariable Rate
Loan Start DateJanuary 2006
Loan used forRefinancing
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1 comment
Bluestone Mortgages
Bluestone T.Bluestone Mortgages

We're sorry to hear about your negative experience with Bluestone. If you have any further questions, please don't hesitate to get in contact with us at 13BLUE (13 25 83).
Kind regards, the Bluestone team.

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Vick

VickGreater Melbourne (Inner), VIC

Jess the super star

published

Can’t thank Jess enough she is amazing so friendly, helpful and efficient. Jess made the entire process so easy, relaxing and hassle free. Highly recommend Blusetone and most def Jessica Wilson.

1 comment
Bluestone Mortgages
Bluestone T.Bluestone Mortgages

Hi Vick,
Thanks so much for your feedback, Jess is thrilled! Great to hear things were hassle free for you.
Cheers, the Bluestone team.

alison

alisonGreater Melbourne (Metropolitan), VIC

Difficult

published

this company is extremely difficult to deal with you cannot get a straight answer for any enquiry they will not talk or negotiate any request really difficult when you want to speak to someone other than the person who answered the phone as they do not state what there role is they will not do that

Transparency
Customer Service
Application Process
Timeliness
Loan TypeVariable Rate
Loan Start DateFebruary 2017
Loan used forSecond Home
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Brenton W

Brenton WSouth East Queensland, QLD

Jess is a super star!!

published

I'm a new customer of Bluestone. I was a bit reluctant as I read other reviews which were not entirely positive and didn't portray a great image.

Jess was professional, efficient and allround fantastic. She has made the onboarding process hassle free and as simple as possible. At this stage, I have nothing but positives to say about Bluestone. Fingers crossed the upcoming years are to the same level I have experienced to date.

Transparency
Customer Service
Application Process
Timeliness
Loan TypeVariable Rate
Loan used forRenovation
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Gerard Mc

Gerard McSouth East Queensland, QLD

  • 2 reviews

Brilliant Service

published

Jessica Wilson provided great customer service. From the beginning I always felt I was in very good hands in getting my mortgage over the line which did prove difficult. Again thanks for all support Jessica. cheers

Transparency
Customer Service
Application Process
Timeliness
Loan TypeVariable Rate
Loan used forInvestment Property
See all answers

Thankyou Jess Wilson

published

Jess Wilson was an absolute pleasure to work with. Helped me out with every little detail and made the experience an absolute breeze to get through. Could not recommend highly enough. Everything was clearly outlined and delivered and there were no nasty surprises at the end of it all. Thankyou Jess and Bluestone for everything.!!

Transparency
Customer Service
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Timeliness
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1 comment
Bluestone Mortgages
Bluestone T.Bluestone Mortgages

Thank you Timos, we're glad you're happy!

The reviewer stated that an incentive was offered for this review

Page 1 of 8

Questions & Answers

David

Davidasked

Hello -Can you please explain why you are not passing on the RBA Rate Cuts

2 answers
Derek
Derek

They sent me a letter outlining a few things. They claim because they are not a bank they are not required to and that they have higher costs than banks as they source their money from elsewhere. They also say during this Covid19 situation they are not reviewing rates. Which is just an excuse to not pass on any rate cuts and maximise their profits. There have been 3 rate cuts not during Covid19 since I took out my loan with them and they haven't passed on any of them. Complete and uettwr thieves. I urge everyone to steer clear of these unscrupulous lenders.

David
David

They hide behind saying - we are not a bank AND it is not mandated,.....
They source their funds from the Banks, which themselves have lower Borrowing costs

RANDOM ACTS OF KINDNESS they are not mandated either -
By the way, Passing on their reduced borrowing costs is NOT a act of Kindness - it is only Fair, just and socially responsible. Shame on them

Lisa Martin

Lisa Martinasked

Not a question...
You people need to address you're previous dealings with elderly customers from 2006 and onwards.
Clean up your shameful service and apologise the distress you have caused so many elderly people in Australia. You're dealings have violated the National Consumer Credit Protection Act 2009 - SECT 118.
It will not be the last time you hear from families about these incidents.

1 answer
Ken Siebring
Ken Siebring

My inlaws have a reverse mortgage with this " company " so we discovered when my wife and sisters got power of attorney to help manage their affairs
It was with great dismay and stress they found out there was a very large fee to pay out the amount owing ( which in itself is bad enough )
Yes it's not illegal, but it is morally corrupt preying on people that are sold a product that has these implications built in ( and obviously smoothed over in the sales pitch )
These people have no morals

Nickjjt

Nickjjtasked

With the ongoing Royal Commission, how have Bluestone's Reverse Mortgages escaped the spotlight?

If you are one of the many who have paid the unreasonable break fee or if you are thinking of terminating your reverse mortgage but can't due to the break fee, then I urge you to contact your local member or the Shadow Treasurer Chris Bowen so that the Royal Commission can look into the issue.

Hopefully with enough pressure, Bluestone will refund the break fee and not force others to pay the break fee if they are considering terminating the product.

2 answers
lexi mckee
lexi mckee

Hi there, did this gain any traction?

Parkey M.
Parkey M.

Are you in need of a loan of any purpose?Are you tired of seeking loans and Mortgages,have you been turned down constantly By your banks and other financial institutions,We offer any form of loan. do not hesitate to contact us for possible business co-operation. for more information and contact: [email protected]
whatsapp room: +18033713267 for more details

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