Offer applies to eligible near-prime and specialist residential loans
Bluestone Home Loans has rolled out a limited-time 0.25% per annum rate offer across eligible near-prime and specialist residential loans, applying to new submissions lodged between 13 April and 31 May, with settlement required within six months.
The non-bank lender said the move comes as more brokers face borrowers whose circumstances fall outside standard bank settings. Bluestone cited broker research indicating that more than 85% are now regularly dealing with clients who do not meet traditional lending criteria.
According to Aaron Taylor (pictured top), head of non-standard lending at Bluestone Home Loans, the offer was intended to help brokers place low-risk borrowers who sit outside traditional bank lending criteria.
“Everyday, brokers are faced with complex scenarios, customers changing income structures, and borrowers that just don’t fit the box with mainstream lenders,” Taylor said. “This offer has been designed around this fact, giving brokers the confidence and support to make the complex seem easy, giving more Australians access to a flexible and competitive home loan solution.
“This is about standing behind brokers as they expand their businesses, giving them the support to help more clients access lending, even when the path isn’t straightforward.”
Under the offer, Bluestone, named Non-Bank of the Year in the past two editions of the annual Australian Mortgage Awards, will apply a 0.25% per annum reduction to eligible Near-prime, Specialist and Specialist+ residential loans, subject to standard lending criteria and approvals. The lender said the discount applies only to new loans submitted during the campaign window.
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