Bluestone unveils fixed rate products

Ryan Bembridge

May 24, 2017

Bluestone Mortgages has launched a range of fixed rate products including a 5-year fix at 4.20% to 60% LTV.

Bluestone also offers a residential 5-year fix at 5.20% to 85% LTV, with rates shifting depending on the creditworthiness of the borrower.

The lender has cut other rates including its 60% LTV 3-year fix which now costs 3.93%.

Reactions to the interest rate rise

The products come with a £1,495 fee, while buy-to-let variants cost 0.25% more.

Peter McGuinness, chief executive of Bluestone Group, said: “As a specialist lender, Bluestone’s focus is on providing appropriate finance solutions to consumers who are currently underserved or who have been excluded by mainstream lenders.

“We have been assisting customers obtain finance for over 16 years in our various markets; we understand the importance of providing tailored solutions to suit individual needs, whilst backing this up with first rate service to our intermediary partners.

“Giving brokers the support and resource they need to best serve their clients remains a core priority for Bluestone.

“By strengthening our service team and bolstering our underwriting capabilities, we are confident that these new improvements will be attractive for both our brokers and customers alike.”

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