Bluestone Mortgages has announced that it is relaunching higher Loan-to-Value (LTV) limits across its residential and Buy-to-Let ranges. Lending will now be available up to a maximum of 85% across its residential products and 80% for Buy-to-Let.
The relaunch follows a reduction to 75% LTV in June which was implemented to allow Bluestone to maintain service levels for its intermediary partners and customers, following unprecedented demand for its lending solutions.
Reece Beddall, sales & marketing director at Bluestone Mortgages, said: “After making proactive changes to our maximum LTV lending in June, we’re delighted to relaunch at 85% LTV in such a short space of time. This relaunch also follows recent changes to our lending criteria to support self-employed borrowers impacted by Covid-19; both of these announcements reinforce our commitment to continue supporting the complex credit market.
“As the UK emerges from lockdown, we will see a significant increase in the number of people with financial challenges, whether large or small, so it is crucial that we provide the solutions to ensure that underserved borrowers can access the lending they need.”