Bluestone return to lending with 75% AVMs Valuations, residential & BTL  - 13/05/2020 12:21

Great news from Bluestone

They are pleased to announce that they are now open for new applications via TFC on the Clear product range up to 75% LTV!

 

By using alternative valuation methods, they can now progress qualifying applications through to offer. All offered loans are continuing to complete as normal.


Here’s a quick summary of the key features:

  • AVM’s available on property valued up to £600,000
  • Max. Loan £500,000 & up to 75% LTV
  • Ignore all Defaults & CCJs registered 3 years ago, even if outstanding
  • Allow one satisfied default registered in the last 3 years with no monetary value limit
  • Ignore all CCJs & Defaults under £300
  • Up to 2 missed payments per unsecured credit in the last 6 months
  • Minimum 1 years self-employed
  • Use the latest years accounts for affordability
  • Consumer BTL & first time landlord accepted

Existing applications that do not qualify for the alternative valuation methods will be held awaiting the return of physical valuations. We all understand this delay is frustrating. Please be assured that we will keep you updated regarding the availability of physical valuations. 

Stay Safe & Alert  please


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