Bluestone is a specialist non-bank lender focussed on assisting those who are unable to secure a loan through mainstream lenders. Bluestone, who has been around since 2000, has a range of products suitable for home buyers, self-employed business owners and PAYG borrowers. With a borrowing capacity of up to 85% and loan terms spanning up to 30 years, Bluestone offers mortgage applications to a range of people. These include applicants who have past or present credit issues, rent arrears, ATO debts or a discharge in bankruptcy.
For the non-traditional borrower with good credit
The Bluestone Prime home loan offers non-traditional borrowers a competitive home loan rate. With the product accepting a range of employment types, casuals, short-term workers and the self-employed are all catered for. Also offers flexibility in income verification methods for the self-employed, removing some of the headache of applying for a loan.
For those who don’t qualify for Bluestone Prime
Closely related to the Bluestone Prime, the Bluestone Near Prime is for borrowers who don’t quite meet the lending criteria for Bluestone Prime but are equally as worthy of lending. With simplified income verification and acceptance of short-term and casual employment, this is for borrowers who don’t fit traditional lending criteria.
For the borrower with past finance troubles
A flexible home loan designed for borrowers who have had past financial problems, the Bluestone Speciality loan does not discount borrowers purely based on credit score – instead, it assesses on a case-by-case basis.
For those recovering from bad credit or bankruptcy
A home loan designed for those recovering from past financial difficulties, the Bluestone Specialist + is for borrowers who may have experienced past bankruptcy or default and are in the process of recovering. Borrowers can gain finance for up to 80% LVR and have unlimited debt consolidation.