Rate drops of up to 23bps apply to the lender's two-, three-, and five-year range
Specialist lender Bluestone Mortgages has announced rate reductions across its residential and Right to Buy product ranges.
The lender said the reprice aims to provide additional support for customers who fall outside the traditional lending criteria of the mainstream mortgage market.
The rate cuts, ranging up to 23 basis points, apply to the lender’s two-, three-, and five-year options. The revised rates now start at 6.8% for a five-year fixed rate clear product at 70% loan-to-value (LTV), extending up to a maximum LTV of 85%.
All Bluestone Mortgages products feature no application fees. Additionally, for customers remortgaging, the lender offers complimentary valuations on all remortgage products and basic legal, or a £500 contribution toward solicitors’ costs.
“As we enter a new year, we have today made our fourth consecutive rate reduction since October, demonstrating our commitment to support our customers,” commented Reece Beddall (pictured), sales and marketing director at Bluestone Mortgages.
“This ongoing effort reflects our duty and responsibility to provide customers with affordable, accessible solutions, underscoring our dedication to being a lifeline for disenfranchised individuals striving to achieve their homeownership goals.”
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