Bluestone Mortgages has announced the extension of its Help to Buy range in Wales.
Last month, Bluestone announced the launch of its new Help to Buy range, covering the England and London schemes.
In addition, the maximum term has been extended to 35 years, complementing Bluestone’s core product range.
The Help to Buy products are available across all of Bluestone’s credit tiers, offered up to 75% LTV and cover two, three and five-year fixed rate mortgages as well as variable rate options.
The maximum loan amount will be driven by the maximum property value available on the Help to Buy scheme, which is currently £300,000 for Wales.
Rates start from as low as 3.99% on the variable rate option. The Help to Buy mortgage offer will be valid for six months with extensions possible where the property construction is delayed.
The Help to Buy range is currently available in England and also includes a free standard valuation.
Steve Seal (pictured), director of sales and marketing at Bluestone Mortgages, said: “Due to popular demand, we are very excited to extend our Help to Buy range. We’re very aware of the challenges underserved borrowers face when trying to step onto the property ladder, for example those with credit issues, or complex and irregular sources of income.
“Like the rest of the England, there is a growing pool of these borrowers here in Wales, and we’re confident our range will help these customers benefit from the opportunity of the Government’s Help to Buy scheme.”