Bluestone Mortgages has lowered the maximum loan to value (LTV) options available on the top three credit categories across its residential and buy-to-let product ranges.
Lending will now be available up to 75% LTV in the relevant credit category.
Bluestone says the decision was made to maintain service levels for its intermediary partners and end-customers, having experienced unprecedented demand for its products over recent months.
The specialist lender says the reduction in LTVs will only be for a short period, enabling Bluestone’s underwriting and service teams to dedicate more time to processing the existing pipeline of applications.
Reece Beddall, sales & marketing director at Bluestone Mortgages, said: “After experiencing such high demand for our products over recent months, we’ve taken this important step to ensure that we can provide a first-rate service to our brokers and end-customers.
“With the added support of our increased headcount, we will be in a much stronger position to support underserved borrowers in the weeks to come and provide them with high-quality solutions and service that cater to their needs.”
