Bluestone Mortgages has made rate reductions across its residential and Right to Buy product ranges.

Rates have decreased by up to 23bps across the lender’s two, three and five-year range.

Rates will now start from 6.8% for a five-year fixed rate clear product at 70% LTV and will be available up to a maximum LTV of 85%.

All products benefit from no application fees and for customers remortgaging, the lender is offering free valuation on all remortgage products and basic legal, or a £500 contribution to solicitors costs.

Reece Beddall, sales & marketing director at Bluestone Mortgages, said: “As we enter a new year, we have today made our fourth consecutive rate reduction since October, demonstrating our commitment to support our customers.

“This ongoing effort reflects our duty and responsibility to provide customers with affordable, accessible solutions, underscoring our dedication to being a lifeline for disenfranchised individuals striving to achieve their homeownership goals.”