Specialist lender makes 40-point rate cut

Bluestone Mortgages has delivered a double bonus to borrowers by slashing interest rates and waiving its establishment fee.

The specialist lender has waived its establishment fee until the end of March, which it said will save customers $990 and make it easier for brokers to get deals done.

Bluestone’s head of sales and marketing, Royden D’Vaz, said the firm wanted to immediately share the benefits of the Reserve Bank’s 0.25 per cent cash rate reduction.

“Helping consumers secure finance and realise the dream of home ownership when others said ‘no’ is why Bluestone started its business 15 years ago, and this rate cut will allow us to help more of these customers,” he said.

Bluestone has also announced the appointment of Bill Robb as its new BDM for Queensland brokers.

Mr Robb has 17 years’ experience in the finance industry, and has worked for GE Money and Aussie Home Loans.

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