It wants to support more customers before scheme ends next year
Bluestone Mortgages has announced a rate reduction across its help-to-buy range to provide further support to a growing number of customers with complex credit.
The help-to-buy products are available across all of Bluestone’s credit tiers at up to 75% loan-to-value (LTV) on a five-year fixed rate. Rates start from 4.96% and the lender will offer free upfront valuation on all products across the whole range.
Reece Beddall, sales and marketing director at Bluestone Mortgages, said these changes will provide customers greater support, and give them the help that they deserve but haven’t been able to find elsewhere.
“At a time when affordability is a key concern for many, particularly for first-time buyers, we’re making these rate changes to provide further support for customers with complex credit as they look to get on the housing ladder before the help-to-buy scheme comes to an end next year,” he said.
Read more: A guide to the Help to Buy scheme.
“With the scheme ending in 2023, first-time buyers will be losing this additional support. This is why we’re currently exploring replacement schemes that will enable us to continually support our customers, especially as the cost-of-living continues to rise,” Beddall added.
Bluestone Mortgages is the residential lending arm of Bluestone Group, a specialist lending and fintech business with headquarters in Cambridge and offices in London, Sheffield, and Dublin.
