Bluestone Mortgages has revealed that its application volumes last month were 68% higher than in September 2019, marking an all-time record month for the lender.
Between July and September, the lender’s application volumes also surpassed pre-pandemic levels as it reported “unprecedented demand” from borrowers looking for tailored lending solutions amid the coronavirus crisis.
Bluestone said it expects the growth in demand for specialist lending to continue over the long-term, as borrowers emerge from COVID-19 with more complex borrowing needs.
“September was the strongest month on record for us as the number of applications soared,” Bluestone managing director, Steve Seal, commented. “The Bluestone team has been working hard to ensure that borrowers up and down the country are still able to secure the lending they need at this challenging time.”
The latest statistics followed the launch of Bluestone’s new campaign, The Age of the Unlendables, which is to highlight how the lender can support unconventional borrowers, such as those with adverse credit, as well as how brokers can work with the lender to support their specialist clients. The lender’s campaign commenced on Monday 5 October.
Seal added: “The launch of our new campaign comes at a perfect point in our evolution as we reaffirm our commitment to serve unconventional borrowers and ensure that we are well-equipped to continue to meet the demand for specialist lending – something which we expect to last beyond the crisis.”
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