The specialist mortgage packager and distributor said it was noticing an increase in brokers getting in touch over cases that have been declined by credit score decisioning systems adopted by high street lenders.
Bluestone launched into the UK mortgage market last year and targets borrowers, including self-employed individuals and contractors, with adverse credit history.
Dale Jannels, managing director at AToM (pictured), said: “As volumes continue to increase, we are noticing more and more brokers contacting us with cases that have been declined by the high street lender’s credit score decisioning systems. It’s therefore good to see new lenders come to market having thought about criteria gaps and providing solutions.
“Bluestone will ignore defaults and CCJs if the amount is under £250, regardless of number or when it occurred. They also ignore any default or CCJ over 36 months old and accept four or more defaults registered within the last 36 months with no maximum amounts to limit their decision. This is another great offering AToM can promote to our network and broker partners and we are really pleased to be at the start of the Bluestone Mortgages journey.”
Matt Andrews, managing director, Bluestone Mortgages, added: “This is an exciting opportunity and we are delighted to work with AToM. Their culture and drive to support advisers is very much aligned to our own.”