Bluestone Mortgages extends Help to Buy range and maximum term

Michael Lloyd

October 24, 2018

Bluestone Mortgages has extended its Help to Buy range in Wales and has extended the maximum term to 35 years, complementing its core product range.

Last month, Bluestone launched its new Help to Buy range, covering the England and London schemes. The Help to Buy products are available across all of Bluestone’s credit tiers, offered up to 75% LTV and cover 2, 3 and 5-year fixed rate mortgages as well as variable rate options.

Steve Seal, director of sales and marketing, Bluestone Mortgages, said: “Due to popular demand, we are very excited to extend our Help to Buy range.

“We’re very aware of the challenges underserved borrowers face when trying to step onto the property ladder, for example those with credit issues, or complex and irregular sources of income.

“Like the rest of the England, there is a growing pool of these borrowers here in Wales, and we’re confident our range will help these customers benefit from the opportunity of the Government’s Help to Buy scheme.”

The maximum loan amount will be driven by the maximum property value available on the Help to Buy scheme, which is currently £300,000 for Wales.

Rates start from as low as 3.99% on the variable rate option. The Help to Buy mortgage offer will be valid for six months with extensions possible where the property construction is delayed.

The Help to Buy range is currently available in England and also includes a free standard valuation. This incentive is to help address the financial challenges and additional fees that many borrowers face when pursuing homeownership.

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