You are here: Home - News -

Bluestone enters Help to Buy market

by:
  • 01/10/2018
  • 0
Bluestone enters Help to Buy market
Bluestone Mortgages is launching into the Help to Buy sector covering the England and London schemes.

 

The Help to Buy products are available across all of Bluestone’s credit tiers at up to 75% loan-to-value (LTV) and include two-, three- and five-year fixed-rate mortgages as well as variable rate options.

The maximum loan amount will be driven by the maximum property value available on the scheme, which is currently £600,000 for England.

Rates start from 3.99% on the variable rate option and the mortgage offer will be valid for six months ​with extensions possible where the property construction is delayed and there is a free standard valuation.

 

Non-vanilla borrowers

Bluestone Mortgages director of sales and marketing Steve Seal (pictured) said the lender was excited to launch its Help to Buy range.

“We are highly aware of the challenges many borrowers face when trying to step onto the property ladder. There are options, though, and the government’s Help to Buy scheme acts as a crucial helping hand,” he said.

“While ‘vanilla’ borrowers can usually access Help to Buy through the high-street, those with credit issues and complex or irregular sources of income deserve the same access to choice and affordability.

“Anything that we can do to help them on the road to homeownership feels extremely worthwhile and we’re excited to continue expanding our product range as part of our long-term growth plans.”

Legal & General Mortgage Club head of broker relationships and propositions Craig Hall said the scheme had played a huge role in supporting first-time buyers.

“It’s great to see Bluestone enter this market and provide lending for those who may otherwise have been unable to get on the ladder,” he said.

“The range brings much-needed choice and flexibility to the market and we’re confident it will be welcomed by both brokers and customers alike.”

 

 

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Foreign buyers to be hit with stamp duty hike

Foreign buyers are to face extra stamp duty, raising up to £120m to tackle homelessness, the government has announced.

Close