Bluestone resumes 85% LTV lending

Jake Carter

November 23, 2020

halifax hpi

Bluestone Mortgages has resumed 85% LTV lending on residential and buy-to-let products.

According to the lender, 85% LTV was its maximum loan value before COVID-19.

In addition, the maximum loan size for residential loans has been upped to £1m.

Qualifying loans on all credit tiers will continue to be processed using Automated Valuation Models (AVMs).

Reece Beddall, head of sales and marketing at Bluestone Mortgages, said: “Over recent weeks, we have been focusing on ensuring we can return to our pre COVID-19 product range as quickly and efficiently as possible, and it is a delight to be able to announce this to the market today.

“Ensuring underserved borrowers can continue to access the lending they need remains a priority for Bluestone and delivering an innovative and flexible proposition to these customer segments will continue to be crucial in helping us achieve this goal.

“We are confident that, following today’s announcement, we will be in an even stronger position to support borrowers over the coming months and as the crisis continues.”

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