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Bluestone Mortgages signs up second funder

 

Specialist lender Bluestone Mortgages has added a second funder in the form of National Australia Bank.

Bluestone launched earlier this year with funding from Macquarie Bank.

The new facility also has mezzanine funding provided by accounts managed by Cairn Capital.

A Bluestone statement says the new deal will diversify and broaden its funding base in Europe.

Bluestone Mortgages managing director David Torpey (pictured) says: “Our new funding line not only gives us a deeper capacity and support to grow the business, but importantly further diversifies our funding base to enable richer product innovation, and deliver greater stability to our services in the EU.”

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