Bluestone reduces mortgage rates by up to 0.25%

Bluestone Mortgages has announced a series of reductions across its mortgage product range, supporting borrowers with complex credit and income backgrounds.

In its core range, two-year fixed rate Clear products now start from 5.79% up to 65% LTV, a reduction of 20bps. 

Clear five-year fixed rate products now begin at 5.64% up to 65% LTV and 5.69% up to 70% LTV, both reduced by 15bps.

In addition, reductions can also be seen on the BBB range, where two-year fixed rate products now start from 6.64% up to 65% LTV and 6.69% up to 70% LTV, both reduced by 25bps.

Steve Griffiths (pictured), commercial director for retail mortgages at Shawbrook, commented: “At Bluestone, our focus has always been on helping people achieve their property ambitions, even when their circumstances might not fit the mould of high street lenders. These latest changes give advisers more opportunities to find the right solutions for their clients. 

"We remain committed to continually evolving our products and proposition to reflect the changing needs of mortgage customers, while working closely with advisers to support as many clients as possible on their homeownership journey.”