BLUESTONE Lender expands north of border

Bluestone Mortgages has announced its expansion into Scotland.

The specialist lender and fintech firm is introducing its full product range across mainland Scotland, including residential and buy-to-let (BTL) mortgages.

Home report valuations for residential purchases will be accepted if they have been completed by a Bluestone valuer.

The company is offering mortgages at loan-to-value (LTV) rates between 60% and 85% on two, three and five-year fixed rate terms.

Residential products start from 3.74% on Bluestone’s top credit rating for a two-year fixed deal at 60% LTV.

Bluestone’s BTL proposition starts from 3.99% on a two-year fixed rate basis at 60% LTV.

Sales and marketing director Steve Seal said: “We are delighted to be extending our services into Scotland at a very exciting time for Bluestone.

“Customers with credit issues, or non-traditional financial circumstances are increasingly needing personalised services when trying to get a firm foot on the property ladder, and here is where we felt there was a lack of competition and choice.

“Scotland, however, is no exception to the rest of the UK in needing tailor-made solutions.

“We look forward to working more closely with our partners and brokers in Scotland.”

Founded in 2000, Bluestone employs nearly 200 people in Cambridge, London, Sheffield and Dublin.

It is owned by private and institutional shareholders including Australia’s Macquarie Bank.

“We are delighted to be extending our services”