Bluestone Mortgages has made a number of changes to its offering.

It has launched new fixed rate products and made improvements across its residential and buy-to-let mortgage range.

The specialist lender has introduced a new five-year fixed rate product starting at 4.20% and has reintroduced its IVA and bankruptcy products, as well as its 85% LTV residential mortgage.

Bluestone has also increased its maximum loan amount to £1,000,000 while reducing its minimum loan to £50,000. The minimum property value to qualify has further been reduced to £75,000.

Bluestone has also announced cuts to existing rates which now start at 3.93% and increases to its procuration fees, all come into effect this week.

The lender has also expanded its broker support team to seven members. Two new underwriters have been appointed as well as two new telephone business development managers (BDMs) who support field based account managers.

Peter McGuinness, CEO of Bluestone Group, said: “As a specialist lender, Bluestone’s focus is on providing appropriate finance solutions to consumers who are currently underserved or who have been excluded by mainstream lenders. We have been assisting customers obtain finance for over 16 years in our various markets; we understand the importance of providing tailored solutions to suit individual needs, whilst backing this up with first rate service to our intermediary partners.

“Giving brokers the support and resource they need to best serve their clients remains a core priority for Bluestone. By strengthening our service team and bolstering our underwriting capabilities, we are confident that these new improvements will be attractive for both our brokers and customers alike.”