Bluestone Mortgages has reduced rates across its full product range and launched its Right to Buy offering to whole of market.

The specialist lender is cutting rates by up to 1.57% on residential, buy-to-let, Help to Buy and Right to Buy products and offer

The lender will reduce rates across its residential, Buy-to-Let, Help-to-Buy and Right-to-Buy products and lend up to 85% loan-to-value (LTV). Rates will now start from 3.85% for a 60% LTV variable product.

Previously only available through limited distribution via Bluestone’s selected Sapphire Partners, Right-to-Buy will be available to whole of market from tomorrow, 17 May. Loans will be available up to 100% of the discounted purchase price, and up to 75% LTV open market valuation. Loans will be available at a five-year fixed rate, starting at 3.9% and will be accessible across all of Bluestone’s credit tiers.

Bluestone sales and marketing director Reece Beddall says: “By reducing our rates and expanding our proposition we hope to reinforce our commitment to support the growing number of customers with complex credit who are struggling to climb up or onto the property ladder. We believe it is our duty as a specialist lender to help those who have been traditionally underserved, giving them the opportunity to achieve their homeownership dreams.”