"By increasing our LTV ratio, we’re making it easier for customers with smaller deposits to access the finance they need"
- Mark Hollands, head of sales and distribution at Bluestone
Bluestone Mortgages has increased its LTV bandings, now offering mortgages up to 90% LTV.
Bluestone says the change will provide more opportunities for customers with complex credit histories to access higher borrowing amounts.
The lender has increased its LTVs by 5% across its Clear, AAA, AA, and A product tiers. This follows on from Bluestone's recent 5% LTV uplift across its BBB product range back in December.
Mark Hollands, head of sales and distribution at Bluestone Mortgages, commented: “We recognise that many borrowers don’t fit the standard mortgage mould. By increasing our LTV ratio, we’re making it easier for customers with smaller deposits to access the finance they need, helping them take that crucial step onto or up the property ladder.
"These changes provide greater flexibility and strengthen our ability to support more people in achieving their homeownership goals, particularly those who may have struggled to secure a mortgage elsewhere.”
