Bluestone cuts rates across entire mortgage range

Bluestone Mortgages has reduced across its entire product range, including residential, Right to Buy, and Deposit Unlock. 

The Deposit Unlock scheme allows first-time buyers and existing homeowners to purchase a new build home with a 5% deposit.

Rates have reduced by up to 10bps across Bluestone’s standard and fee-free product ranges, with rates now starting at 6.14% at 65% LTV. All products benefit from no application fees and for customers remortgaging, the lender is offering free basic legal fees, or a £500 contribution to solicitors costs. 

The latest reductions follow Bluestone’s recent criteria update, which raised the maximum LTV on its BBB product from 70% to 75%, providing additional support for borrowers saving for a deposit.

Mark Hollands, head of sales and distribution at Bluestone Mortgages, commented: “To kickstart the new year, we’re pleased to announce rate reductions across our entire product suite. This demonstrates our ongoing commitment to an underserved cohort of the market. By lowering rates and enhancing our criteria, we aim to make borrowing more accessible and help even more people take steps toward achieving their homeownership goals.”