Bluestone was founded in 2000, with offices in the UK, Ireland, and Australasia. The firm is owned by a mix of private and institutional shareholders including Australia's Macquarie Bank and Lloyds Development Capital, a regional mid-market private equity house owned by Lloyds Bank.
The firm's mortgage arm aims to provide specialist mortgages for customers that don’t meet high street lending criteria.
Managing director Matt Andrews said: “There is currently a significant portion of the UK population unable to secure a mortgage, held back due to their employment status or because they suffered a bump in the road that has impacted their credit profile.
At Bluestone, we want to help close this gap in the market by providing affordable mortgage solutions that take into account an applicant’s full history and personal circumstances, looking at the person not the credit score points assessed by typical lenders. By working closely with the advisers and gaining constant feedback throughout the application process, we are confident of developing a strong market position.
Through our pilot launch, we intend to build a truly collaborative partnership with brokers, which will help us shape and develop our business, in readiness for a full market launch.”
