Bluestone restarts 85% LTV lending

Published on

Bluestone Mortgages has resumed pre-Covid maximum loan to value (LTV) lending on all products in its residential and buy-to-let ranges.

Lending will now be available in Bluestone’s five credit categories up to a maximum of 85% LTV.

Qualifying loans on all credit tiers will continue to be processed using Automated Valuation Models (AVMs), while the maximum loan size for residential loans will increase to £1 million.

Reece Beddall, head of sales & marketing at Bluestone Mortgages, said: “Today’s news is testament to the work of the Bluestone team and the support of our funders and intermediary partners. Over recent weeks, we have been focusing on ensuring we can return to our pre-Covid product range as quickly and efficiently as possible, and it is a delight to be able to announce this to the market today.

“Ensuring underserved borrowers can continue to access the lending they need remains a priority for Bluestone and delivering an innovative and flexible proposition to these customer segments will continue to be crucial in helping us achieve this goal.

“We are confident that, following today’s announcement, we will be in an even stronger position to support borrowers over the coming months and as the crisis continues.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...