Bluestone Mortgages has temporarily lowered its loan-to-values (LTVs) to ensure advisers and customers receive a consistent service.
It has lowered the maximum 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.
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The decision to temporarily lower its LTVs follows unprecedented demand for Bluestone Mortgages’ products over recent months, enabling the underwriting and service teams more time to process the existing pipeline.
Reece Beddall, sales and 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.”
