Bluestone Mortgages has temporarily lowered its maximum loan-to-value options on the top three credit categories across its residential and buy-to-let product ranges. The specialist lender says it will offer LTVs at up to 75% in the relevant credit category. It says the move comes after experiencing "unprecedented
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Allens advises Bluestone and Cerberus on $2bn fintech funding deal
Allens has advised Bluestone Mortgages and Cerberus Capital Management L.P. on a funding partnership to provide up to $2 billion of whole-loan funding to Athena Home Loans over the next three years.
The partnership represents one of Australia’s largest fintech whole-loan funding agreements.
Bluestone, a leading non-bank lender specialising in residential home loans, is backed by an affiliate of global alternative investment leader Cerberus. Athena is one of Australia’s fastest growing fintechs and uses an innovative platform to link consumers with wholesale home loan funding from leading financial institutions.
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Reece Beddall, head of sales and marketing, Bluestone Mortgages
Preparing for an expected uptick in demand for specialist lending, accommodating home working in the long term and a love of Strava
By Rebekah Commane 19
What drew you to the role of head of sales and marketing at Bluestone Mortgages?
The opportunity to lead a dynamic and growing team.
Considering the impact of the Covid crisis on household finances, we expect a significant uptick in demand for specialist lending over the long term. As such, lenders like Bluestone need to be equipped to support customers who have been financially impacted by the pandemic and who may be disenfranchised from the high-street banks.