Bluestone Mortgages has temporarily lowered its maximum loan-to-value options on the top three credit categories across its residential and buy-to-let product ranges.

The specialist lender says it will offer LTVs at up to 75% in the relevant credit category.

It says the move comes after experiencing “unprecedented demand” from intermediary partners and customers over recent months.

The business says previously its Clear range was set at a maximum of 85% LTV, while its AAA and AA ranges were offered at a maximum of 80% LTV.

It adds the LTV reduction will only last for “a number of weeks”, to allow its underwriting and service teams to process existing applications in its pipeline.

The group says its sales and lending teams over the last eight months have grown by 70%, to allow it”to meet customer demand moving forward”.

Bluestone Mortgages sales and marketing director Reece Beddall says: “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.”

In March, the business announced a raft of new hires and promotions following “a period of strong growth” at the specialist lender.

This included the promotion of Jack Warner to operations director, who has been with the firm for more than four years and was its lending operations director.