Bluestone makes criteria changes to enhance flexibility

Bluestone has increased the maximum LTV on its BBB product to 75%, up from 70%, supporting those saving for a deposit. This product is eligible for customers with up to 4 defaults and 3 CCJs in the last 36 months, and those who have more recently been discharged from bankruptcy and IVAs.

Bluestone has also introduced DocuSign to its broker portal for application declarations to speed up submission times, as well as adding new fields to capture information on clients’ adverse credit history, which it says will reduce the need for additional paperwork.

Mark Hollands, head of sales and distribution, Bluestone Mortgages, comments: 

“As part of our ongoing commitment to brokers, we’ve made these changes to improve the broker experience through the application process while providing greater flexibility, and enhanced our ability to provide the right support to help a growing number of customers achieve their homeownership goals.”