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Bluestone Mortgages

Mortgage Type

Buy To Let

Property Value (min)


Advance (min)


Advance (max)

£500,000 up to 75%

Term (Max)

35 years

Minimum Age


Maximum Age

65 at the start of the mortgage term

Family Cash Gift Deposit


Family Gift of Equity Deposit


Income (min)

£18,000 for the primary applicant.

First time landlords are accepted - Calculated on personal affordability and 80% of the net rent to be received on the BTL

Bluestone allow use of non-property income to top up the shortfall in rental income (min rental coverage is 112.5% Basic Rate Taxpayer & 112% coverage for Higher Rate Taxpayer).

No furlough can be found on a payslip - this is an outright decline at any point.


No limited companies, HMOs, company lets or holiday lets

Investment BTL will only now be available on Clear product basis

125% rental for basic rate taxpayer; can be topped up from 112.5% with surplus income
140% rental for higher rate taxpayer; can be topped up from 112% with surplus income
Based on higher of pay rate plus 2% or 5.5%
(5 year fixed on pay rate)

100% affordability calculation (personal income & expenditure) used for all BTL loans on AA, A & BBB and all loans on Capital & Interest, including 50% of Net rent added as income.

The same affordability calculation can also be used on Interest Only loans where the minimum ICR is not achieved.

Interest Only available to First Time Landlords/First Time Buyers, but the loan will be assessed using our affordability calculation (personal income & expenditure) on a Capital and Interest basis.

Let to Buy (Turning Residential into Buy to Let)


Ex-Local Authority Properties

Houses only, no to flats

Minimum years remaining on leasehold property

Minimum remaining lease terms for residential to 40 years and 50 years for BTL

Minimum Ownership

6 months minimum before remortgage

Permanent rights to reside and remain




New Builds

Yes - New Build only.

Credit Score


Rental Calculation

ICR Basic rate tax payers – 125%

High rate tax payers – 140%

Top slicing with income available on Interest only loans with a minimum ICR of 112%

Historic CCJ’s & Defaults

Defaults and CCJ's ignored for product selection purposes if less than £300.

Ignore all communication defaults/CCJ's

None allowed in last 6 months outside of the above criteria unless communications, which are ignored.

No pay day loans in last 12 months

Secured arrears - Based on worst status shown on credit search. Status for last 12 months must be 0. Can consider arrears in months 13-24

Valuation Fees

Valuation fees paid direct to lender

Maximum number of applicants

2-4 applicants


England and Wales


Access to Bluestone Mortgages is to a selective panel of mortgage packagers

Property Type / Commercial

Can consider Regulated BTL - and will accept an AST
Investment BTL will only now be available on Clear product basis.

Portfolio Landlords

Portfolio Landlords Not Accepted

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