Bluestone cuts mortgage rates by up to 0.76%

Rates on the lender's Deposit Unlock scheme have reduced by up to 31bps.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
12th February 2024
blocks with percentage signs going down
"We are committed to supporting those customers with adverse credit who are unable to meet the traditional lending criteria of high street lenders"
- Reece Beddall, sales and marketing director at Bluestone

Bluestone Mortgages has announced further rate cuts across its two and five-year fixed rate products and its Deposit Unlock scheme to support first-time buyers and those with adverse credit.

Rates have decreased by up to 76bps across the lender’s two-year and five-year fixed range, with rates now starting at 6.34%.

Bluestone has also reduced rates by up to 31bps on its Deposit Unlock range, a scheme which launched in January and helps borrowers secure a new-build home with a 5% deposit.

Reece Beddall, sales and marketing director at Bluestone Mortgages, commented: “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.

"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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