Bluestone Mortgages has made a new reduction in rates across its full range of fixed-rate mortgage products. This decision is aimed at assisting an increasing number of customers who face complex credit challenges.
The rate cuts include a 35 basis point reduction in the lender’s 5-year fixed products and a decrease of up to 30% in its two and three-year fixed products. The new rates begin at 7% for a 5-year fixed clear product with a 70% loan-to-value (LTV) ratio, and these rates are available for loans up to an 85% LTV.
Moreover, Bluestone Mortgages is offering additional benefits such as no application fees, and for those remortgaging, the lender is providing free basic legal services or a £500 contribution towards solicitor costs.
Reece Beddall, sales and marketing director at Bluestone Mortgages, said: “All too often borrowers with a blip in their credit history get overlooked, and it’s our duty to provide them with affordable solutions so that they can repair their credit.
“Our latest round of rate cuts reinforces our commitment to support borrowers in this position and help make their homeownership dreams a reality.”
