Lender reduces rates by as much as 76bps
Specialist lender Bluestone Mortgages has announced reductions in interest rates for its two- and five-year fixed rate mortgage products, as well as its Deposit Unlock scheme.
According to the lender, the rate cuts are aimed at assisting individuals with adverse credit histories and first-time buyers eager to enter the housing market.
The lender has reduced rates by as much as 76 basis points (bps) on its range of two-year and five-year fixed rate mortgages, with new rates beginning at 6.34%.
In addition, Bluestone has made cuts of up to 31bps on its Deposit Unlock scheme, a program it began offering in January. As the first specialist lender to introduce Deposit Unlock to the market, Bluestone enabled first-time buyers to secure a new-build property with just a 5% deposit.
“At Bluestone, we are committed to supporting those customers with adverse credit who are unable to meet the traditional lending criteria of high street lenders, as well as those who are looking to climb onto the property ladder for the first time,” stated Reece Beddall (pictured), sales and marketing director at Bluestone Mortgages.
“These rate reductions are a part of our ongoing efforts to provide people with solutions that suit their unique circumstances so that they can make their homeownership dream a reality.”
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