Bluestone Mortgages introduces new rates in the New Year

08 January 2025

Bluestone Mortgages today announces rate reductions across its entire product range, including Residential, Right to Buy, and Deposit Unlock. This move demonstrates Bluestone’s commitment to supporting a growing cohort of customers who do not meet the traditional lending criteria of the mainstream mortgage market.

Rates have been reduced by up to 10bps across Bluestone’s standard and fee-free product ranges, with rates now starting at 6.14% for a 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.

This rate reduction follows Bluestone’s 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, Bluestone Mortgages, comments: “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.”