Bluestone Mortgages has announced it will make its Right to Buy proposition whole of market to provide further support to non-vanilla customers.
Right to Buy is a government scheme where council tenants can buy their homes at a discount.
The product was previously only available via limited distribution through selected Sapphire Partners and will come into effect from 17 May.
It added that loans will be available up to 100 per cent of the discounted purchase price, and up to 75 per cent LTV open market valuation.
Five-year fixed rate terms are available, starting at 3.9 per cent and can be accessed at all the lender’s credit tiers.
The lender added that its buy-to-let, Help to Buy and Right to Buy products rates would be reduced by up to 1.57 per cent and will start from 3.85 per cent for a 60 per cent loan to value (LTV) product. Bluestone added that it can lend up to 85 per cent LTV.
Reece Beddall (pictured), sales and marketing director at Bluestone Mortgages, said: “By reducing our rates and expanding our proposition we hope to reinforce our commitment to support the growing number of customers with complex credit who are struggling to climb up or onto the property ladder.
“We believe it is our duty as a specialist lender to help those who have been traditionally underserved, giving them the opportunity to achieve their homeownership dreams.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
