Bluestone Mortgages has announced rate reductions across its standard and purchase fee-free product ranges.

The lender said the cuts have been made to support a growing number of customers with adverse credit.

Rates have been reduced by 10bps, with rates now starting at 6.24% for a 60% LTV mortgage.

Mark Hollands, head of sales and distribution at Bluestone Mortgages, said: “As competition in the mortgage market continues, we’re pleased to be able to lower our rates to support our customer base.

“These reductions demonstrate our commitment to providing customers who do not fit the traditional lending criteria with the solutions they need to make their homeownership dreams a reality.”