Bluestone Mortgages has lowered the maximum LTV options available on the top three credit categories across its residential and buy-to-let (BTL) product ranges.
Lending will now be available up to 75% LTV in the relevant credit category.
Bluestone suggested its decision reaffirms a commitment to maintaining service levels for its intermediary partners and customers, having experienced high demand over recent months. The reduction in LTVs is expected to be for a short period, allowing for the lender’s underwriting and service teams to focus on processing the existing pipeline of applications.
The latest move comes as Bluestone reports a 70% growth within its sales and lending teams over the last eight months.
Bluestone sales and marketing director, Reece Beddall, commented: “After experiencing such high demand for our products over recent months, we’ve taken this important step to ensure that we can provide a first-rate service to our brokers and end-customers.
“With the added support of our increased headcount, we will be in a much stronger position to support underserved borrowers in the weeks to come and provide them with high-quality solutions and service that cater to their needs.”
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