Good news for those looking to buy a home! Bluestone Mortgages has announced cuts to its mortgage rates, making it cheaper for you to get on the property ladder or remortgage your current home.

How much cheaper are Bluestone’s mortgages?

Bluestone has reduced rates across all its products, with some mortgages dropping by as much as 0.6% (that’s 60 basis points in mortgage-speak!).

• Standard and fee-free mortgages: Rates now start from a very competitive 6.59% for those with a 65% loan-to-value. This means you need a deposit of 35% of the property value.
• 95% deposit unlock mortgages: These mortgages are designed for those with smaller deposits. Rates for these products have been slashed by up to 0.6%, with rates now starting from 7.24%.

What other perks is Bluestone offering?

• No application fees across all products, saving you even more money.
• Free basic legal fees for those remortgaging, or a generous £500 contribution towards your solicitor costs.

Why has Bluestone cut its rates?

Mark Hollands, head of sales and distribution at Bluestone Mortgages, explains: “With inflation down at 2% and expectations of a rate cut in August, we’re pleased to announce rate reductions across our entire product suite.”

What does this mean for you?

These rate cuts could mean significant savings on your monthly mortgage payments. If you’re considering buying a home or remortgaging, it’s definitely worth getting in touch with Bluestone Mortgages to see how much you could save.