You are here: Home - News -

Bluestone resumes full lending range

by:
  • 01/06/2020
  • 0
Bluestone resumes full lending range
Bluestone Mortgages has resumed lending on its full residential and buy-to-let product ranges.

 

Lending is available in all credit categories but only up to 75 per cent loan to value (LTV) across all products, with a maximum loan size of £500,000 applying.

Qualifying applications on its clear credit category will continue to be processed using Automated Valuation Models (AVMs).

The move is the next step in re-opening its offering up to the market. Last month it resumed accepting applications in its clear credit category as part of a gradual return to business as usual.

In April, Bluestone was forced to temporarily pause new applications due to restrictions across the housing market caused by the coronavirus pandemic. 

 

Pipeline progressing as normal

On the subject of pipeline applications Bluestone Mortgages managing director Steve Seal (pictured) said: “All pipeline applications are progressing as normal.

“We’ve made great progress in working through the pipeline following the return of physical valuations and will continue to focus on these cases over the coming weeks.”

He continued: “We have been working hard over recent weeks to ensure we can continue to support as many customers as possible in what is evidently a more challenging market.

“It is testament to the whole team at Bluestone, and the support shown from our funders, that we are now able to offer our full product range again.

“As ever, our focus remains on delivering an efficient, flexible and reliable service to both customers and brokers, as we go about processing new and existing applications,” he added.

 

 

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
PRA tells banks to use valuations from last six months for capital rules

Lenders should use house price index data that is no more than two quarters old to value properties if more...

Close