Bluestone Mortgages has announced a reduction in interest rates to improve accessibility for clients with adverse credit histories.
- Interest rates have been decreased by 0.10%, now starting at 6.24% for a 60% loan-to-value mortgage.
- These reductions aim to enhance support for customers who do not fit the traditional lending criteria.
- The updated rates have been made available on Bluestone’s Broker Portal from 18th October.
- This decision reflects Bluestone’s commitment to offering flexible financial solutions.
In a strategic move to expand their customer base, Bluestone Mortgages has introduced a modest yet significant reduction in interest rates, specifically targeting borrowers who have faced challenges in the traditional lending market. The firm has decreased rates by 0.10%, with the most competitive rates now commencing at 6.24% for customers securing a 60% loan-to-value mortgage. This initiative is part of a broader effort to cater to individuals with adverse credit histories, providing them with greater access to homeownership opportunities.
Mark Hollands, the head of sales and distribution at Bluestone Mortgages, articulated the firm’s motivation behind these adjustments. As the competition within the mortgage market intensifies, Bluestone is committed to adapting its offerings to meet evolving consumer needs. Hollands commented, ‘As competition in the mortgage market continues, we’re pleased to be able to lower our rates to support our customer base.’ This statement underscores the company’s dedication to accommodating a more diverse clientele by offering tailored financial products.
The recently updated rates have been made available on Bluestone’s Broker Portal as of 18th October, allowing brokers and clients alike to access the new financial terms. This accessibility underscores Bluestone’s objective to streamline the process for potential homeowners, ensuring that information regarding these advantageous rates is readily available and easy to navigate.
By focusing on flexibility and customer-centric solutions, Bluestone Mortgages demonstrates a proactive approach in addressing the needs of those who might be underserved by traditional lending criteria. These modifications are a testament to its continuous effort to provide practical and inclusive financial solutions, reflecting a broader trend within the industry towards more personalised banking and lending experiences.
Bluestone Mortgages’ rate reductions exemplify a strategic commitment to enhancing financial inclusivity.
