Bluestone cuts rates across entire product range

Bluestone Mortgages has announced rate reductions across its whole product range.

The lender will reduce rates by up to 64bps across its residential two, three and five-year fixed product range.

The reductions apply across all standard and fee-free ranges, with rates now starting from 7.40% with a maximum LTV of 85%.

Reece Beddall, sales and marketing director at Bluestone Mortgages, commented: “As stubborn inflation and the cost of living crisis continue to squeeze people’s finances, we remain committed to providing support to the growing number of customers who don’t meet the traditional lending criteria.

"Today’s rate reduction is testament to this, and will help provide that vital lifeline to those disenfranchised customers looking to achieve their homeownership goals.”

Earlier this year, Bluestone withdrew from buy-to-let lending to focus on the owner-occupied market.