Bluestone Mortgages has announced a rate reduction across its three-year and five-year fixed product range.

It said the move was made to provide further support to a growing number of customers who do not fit the ‘vanilla’ profile.

The lender will reduce rates by up to 80bps across its three and five-year fixed rate product ranges, with rates starting at 7.65% and lending up to 85% LTV.

These rates will be available for all new fully submitted applications.

Reece Beddall, sales & marketing director, Bluestone Mortgages, said: “Despite the ongoing inflationary pressures, we are committed to providing our brokers and their customers with the support they need through these challenging times and to ultimately help them climb onto or up the property ladder.”