Bluestone Contractor Mortgages

Bluestone Mortgages is a specialized lender dedicated to making affordable mortgages accessible to a wider range of individuals.

Comprehensive Evaluation

In contrast to many traditional lenders, Bluestone does not rely solely on credit scoring. Instead, they take a more comprehensive approach to evaluating loan applications.

Contract-Based Assessment

Bluestone is open to using your contract as a basis for assessing affordability. This means that day rate contractors on a fixed term, even with a history of bad credit, can potentially qualify.

Flexibility for Challenging Credit Histories

They offer greater flexibility for individuals who may have up to 4 defaults and 3 CCJs (County Court Judgments) within the past three years, as long as these judgments remain unsatisfied. Bluestone also considers applications from those who have experienced an IVA (Individual Voluntary Arrangement), bankruptcy, or are currently participating in a debt management plan.

Options for Self-Employed and Short-Term Contractors

Self-employed individuals with at least 12 months of trading experience and short-term contractors with complex income streams are encouraged to apply as well.

No Loan-to-Value Ratio Cap for Debt Consolidation

Furthermore, Bluestone does not impose a loan-to-value ratio cap for debt consolidation loans, providing additional options for those seeking to consolidate their debts.

Customized Mortgage Solutions

If you are looking for a mortgage solution tailored to your unique circumstances, Bluestone Mortgages may be the ideal choice. Contact us today to explore your options with a free, no-obligation consultation.