Bluestone Mortgages has announced a further rate reduction across its fixed-rate residential and buy-to-let mortgages to further support a growing number of people facing affordability challenges.

The lender will reduce rates by up to 70bps across its residential two and five-year fixed product range. These reductions will apply across both Bluestone’s standard and fees free range.

Across the lender’s standard and fees free BTL range, two-year fixed rates will be reduced by up to 64bps.

Reece Beddall, sales & marketing director, Bluestone Mortgages, said: “As climbing interest rates continue to put further financial pressures on households across the country, we, at Bluestone, remain committed to providing solutions to brokers and their customers amid this inflationary environment.

“Today’s rate reduction is further testament to this, and we hope that it will provide vital support to those underserved customers looking to make their homeownership dreams come true.”