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Bluestone Mortgages has announced an interest rate cut of up to 25 basis points across its range of specialist lending products.
Effective immediately, the announcement follows a previous rate cut of up to 30 basis points in May, resulting in the reduction of up to 55 basis points for Bluestone’s interest rate over the past few weeks alone.
“Even though the Reserve Bank has kept the official cash rate at two per cent, we have decided to pass on an interest rate cut because we are committed to helping more self-employed and credit impaired borrowers realise the great Australian dream of owning their own homes,” Bluestone national sales manager, Royden D’Vaz said.
“With interest rates from 5.64 per cent, we are providing real solutions to this market when other lenders have been unable to help.”
Bluestone’s latest interest rate cut comes after the specialist lender introduced a new product aimed to assist brokers who service the self-employed and SME market.
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[Related: Bluestone continues BDM expansion]
