Bluestone Sapphire Exclusive – accepting over 4.5x income

Bluestone can now consider lending over 4.5x income across our full product range, as we seek to further support underserved customers with their home ownership dreams.

This new affordability model is exclusive to our Sapphire Club members, and can enable borrowers who have a 12 month history of current rental or mortgage payments in excess of the proposed monthly mortgage payment to borrow more.

Many potential first-time buyers paying regular rent, for example, are not able to secure a mortgage due to inflexible and strict affordability requirements, despite being able to evidence their ability to maintain the rental payments.

Bluestone, want to make homeownership accessible to all, which is why they have made these enhancements to LTI ratios, to support this growing cohort of disenfranchised customers.

Here is a quick summary of the key features;

• Bluestone monthly mortgage payment must be equal to, or less than 90% of the current mortgage / rental payment
• Full 12 month payment history required
• In these cases, an LTI ratio of over 4.5x will be available
• Available across all residential credit tiers, including Help to Buy and Right to Buy, with no LTV restrictions