Bluestone Mortgages Ltd Market Insights: Reduction in Mortgage Rates

Bluestone Mortgages Ltd has announced a reduction in mortgage rates for both buy - to - let ( BTL ) and residential products . The rate cuts are significant , with reductions of up to 0.25 % for BTL products and up to 0.30 % for residential products . Additionally , there is a reduction of up to 0.35 % on product transfers within their range.

These reduced rates are available to customers who meet specific criteria set by Bluestone Mortgages Ltd. This includes individuals with adverse credit history , complex incomes , second jobs , self - employed individuals , first - time buyers , and landlords . Furthermore , the criteria also covers specialist properties like flats above or adjacent to commercial spaces , new - builds , houses in multiple occupation ( HMOs ) , and multi - unit blocks ( MUBs).

Existing customers of Bluestone Mortgages Ltd also have the option to transfer to these reduced - rate products . This can be done through the Product Switch Hub or by working with a broker . The company has also improved its credit tiering system , where any defaults or County Court Judgements ( CCJs ) under 250 are now disregarded . This change makes it easier for customers with minor credit issues to secure a mortgage.

Helen Cawthra , the head of intermediary relationships at Bluestone Mortgages Ltd , expressed her satisfaction with the rate reductions following the recent base rate change . She highlighted the company 's commitment to providing competitive prices for their partners and customers across all their product ranges . Intermediaries are encouraged to reach out to the V - Hub to discuss cases and take advantage of these reduced rates.

The direct access to specialist experts and underwriters at Bluestone Mortgages Ltd ensures that intermediaries receive efficient service and dedicated support . This personalized approach sets the company apart and gives intermediaries confidence in the services provided . Overall , the rate reductions and enhancements to criteria demonstrate the company 's commitment to offering competitive mortgage solutions tailored to the needs of their customers.