Bluestone cuts Help to Buy rates

Published on

Bluestone Mortgages has reduced rates across its Help to Buy range to support customers with complex credit.

The Help to Buy products are available across all of Bluestone’s credit tiers at up to 75% loan to value (LTV) on a five-year fixed rate.

Rates start from 4.96% and the lender will offer free upfront valuation on all products across the whole range.

Reece Beddall, sales & marketing director at Bluestone Mortgages, said: “At a time when affordability is a key concern for many, particularly for first-time buyers, we’re making these rate changes to provide further support for customers with complex credit as they look to get on the housing ladder before the Help to Buy scheme comes to an end next year.

“With the scheme ending in 2023, first-time buyers will be losing this additional support. This is why we’re currently exploring replacement schemes that will enable us to continually support our customers, especially as the cost of living continues to rise. This demonstrates our commitment to offer everyone the equal opportunity to be able to climb onto the property ladder and own their dream home.

“Ultimately, these changes will provide our customers greater support and give them the help that they deserve but haven’t been able to find elsewhere.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Catalyst Property Finance acquired by Foundation’s sister company

Specialist lender Catalyst Property Finance has been acquired by The FHL Group, the sister...

Housing crisis deepens as supply falls and affordability worsens

The UK housing crisis is worsening, with affordability pressures mounting and housing supply stalling,...

Clydesdale Bank eases criteria for self-employed mortgage applicants

Clydesdale Bank is set to introduce a series of changes to its mortgage criteria...

Newcastle trims large loan mortgage rates

Newcastle for Intermediaries has announced rate reductions of up to 0.30% across its large...

Mortgage advisers must evolve to meet rising demand for later life lending, warns Key

Mortgage advisers must adapt their business models to address the growing needs of older...

Latest opinions

What is the Protection Claims Charter – and how does it work?

The moment of truth for any insurance product is at point of claim. Insurers have...

Affordability reforms, housing ambition and the uncomfortable PRS truth

Let’s be clear: the FCA’s recent Discussion Paper (DP25/2) isn’t necessarily about buy-to-let lending....

Broker proactivity can ease path back to prime

One of the lessons we’ve taken from the ever rising levels of interest in...

We need to look again at two-year swaps…

Over the last 12 months, we’ve seen three notable things happen in the swaps...

Other news

Catalyst Property Finance acquired by Foundation’s sister company

Specialist lender Catalyst Property Finance has been acquired by The FHL Group, the sister...

Housing crisis deepens as supply falls and affordability worsens

The UK housing crisis is worsening, with affordability pressures mounting and housing supply stalling,...

Clydesdale Bank eases criteria for self-employed mortgage applicants

Clydesdale Bank is set to introduce a series of changes to its mortgage criteria...