Bluestone Mortgages drops rates to support credit repair and affordability

Bluestone Mortgages has introduced rate reductions across its entire fixed rate product range, including 2-, 3- and 5-year products, to support a growing number of customers with complex credit needs.

The largest rate reductions announced by the specialist lender are on its AA, A and BBB tiers, aimed at customers with complex credit needs and looking to repair their credit.

Rates will be reduced by up to 80bps on Bluestone’s 2- and 3-year fixed rate product ranges within these tiers, and by up to 60bps on its 5-year fixed rate.

Selected credit repair products are available up to a maximum loan-to-value (LTV) of 80%.

Reece Beddall (pictured), sales & marketing director at Bluestone Mortgages, said: “As inflationary pressures continue to squeeze affordability, we are committed to supporting customers who do not fit the traditional lending criteria of high street banks.

“All too often customers with adverse credit get overlooked, and it’s our duty to provide them with solutions so that they can repair their credit while achieving their homeownership goals.”