Bluestone Mortgages has announced rate reductions across its whole product range.

The specialist lender says it has made the changes to further support a growing cohort of customers who do not meet the traditional lending criteria of the mainstream mortgage market.

The lender is reducing rates by up to 64bps across its residential two, three and five-year fixed product range. This applies across all standard and fees free ranges. Rates will now start from 7.4% with a maximum LTV of 85%.

Reece Beddall, sales & marketing director at Bluestone Mortgages, said: “As stubborn inflation and the cost of living crisis continue to squeeze people’s finances, we remain committed to providing support to the growing number of customers who don’t meet the traditional lending criteria.

“Today’s rate reduction is testament to this, and will help provide that vital lifeline to those disenfranchised customers looking to achieve their homeownership goals.”