Bluestone Mortgages has announced that it is recommencing new lending activity on all products across its residential and buy-to-let (BTL) ranges from today.
The move follows the announcement on Wednesday 13 May that the lender would initially be accepting applications in its ‘Clear’ credit category, as part of a gradual return to conducting its business as usual.
Lending will now be available in all credit categories up to 75% LTV for Bluestone’s residential and BTL products, with a maximum loan size of £500,000. The lender also stated that qualifying applications on a Clear credit category will continue to be processed using Automated Valuation Models (AVMs).
Bluestone managing director, Steve Seal, commented: “We have been working hard over recent weeks to ensure we can continue to support as many customers as possible in what is evidently a more challenging market.
“It is testament to the whole team at Bluestone, and the support shown from our funders, that we are now able to offer our full product range again. As ever, our focus remains on delivering an efficient, flexible and reliable service to both customers and brokers, as we go about processing new and existing applications.
“Today’s news reaffirms our commitment to support underserved consumers and ensuring that they are able to access the lending they need.”
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