Bluestone Home Loans – Flexible Non‑Bank Solutions for You

Understanding Bluestone's niche market

Bluestone home loans operates in the non-bank lending space in Australia, which means they are not a traditional authorised deposit-taking institution (ADI) like major banks. This structure allows them greater flexibility in their lending criteria, making them a preferred option for borrowers who may not meet the strict requirements of mainstream banks. Their offerings are often tailored towards individuals with unique or complex financial situations. Their products are typically categorized to assist:

• Self-employed borrowers: Those who may struggle to provide the standard two years of tax returns often required by major lenders.

• Credit impairments: Individuals who have had past credit events, such as defaults or bankruptcies and require a path back to mainstream finance.

• Non-standard income: Borrowers with irregular income sources or those using alternative verification methods.

Because Bluestone focuses on tailored solutions, their application and assessment process is nuanced. Understanding which specific Bluestone product is the right fit for your circumstances can be complex. HeyNest connects you with expert brokers who specialise in non-bank solutions, ensuring you are matched with the Bluestone product that perfectly addresses your unique financial situation.

Simple, Smart, Chill.
That's Heynest

Skip the paperwork. Connect with your broker online in minutes.

Digital & Fast

Your Perfect Match

We link you with the expert who understands your goals.

Tailored Options

Access the best mortgage deals, hassle-free.

Key features of Bluestone home loans

Bluestone's product suite is structured to offer flexibility and specialised features that differentiate them from standard bank offerings. They typically price loans based on the level of risk perceived in the application, meaning the interest rate you receive is highly personalised to your credit history and income structure. Important features to note:

• Risk-based pricing: The interest rate is directly tied to the perceived risk level of the borrower, ranging across several 'tiers' (often referred to as Near Prime, Specialist or Alt Doc), with rates adjusting accordingly.

• Flexible documentation: They are well-known for offering "Alt Doc" (Alternative Documentation) loans, which require less extensive paperwork than full-document loans, making them suitable for business owners.

• Refinancing opportunities: Bluestone home loans is a strong option for refinancing borrowers looking to consolidate debt or improve their financial standing before moving back to a mainstream lender.

While this flexibility is an advantage, it means direct comparison of Bluestone's offering to major bank rates can be misleading. You need a full understanding of the risk tier you qualify for. A broker found through HeyNest is essential here, as they can navigate Bluestone's unique pricing matrix and determine the exact costs and benefits of their specialised lending options.

Stop Stressing: Why a Broker is the 'Smart, Chill' Way

HeyNest

Traditional Bank

Access to many lenders

Compares and negotiates the best market rates for you.

Dedicated, personalized guide every step of the way.

Only offers their own limited products.

Standard, often non-negotiable in-house rates.

Standardized service; often no single dedicated contact.

Finding the right Bluestone product tier

Securing a competitive loan with Bluestone depends entirely on being placed in the most favourable risk tier possible. These tiers are determined by the severity and recency of any past credit issues, the size of your deposit and the way you verify your income. Moving down just one tier can result in a more favourable rate and better terms. Factors that determine your product tier:

• LVR: A lower LVR (larger deposit/equity) is key to qualifying for better rates.

• Time since impairment: The longer the time since a credit default or bankruptcy occurred, the better your chances are of qualifying for a Near Prime product.

• Income verification: Using full documentation, if possible, will always lead to a better-priced loan than using Alt Doc methods.

The goal when applying for Bluestone Home Loans is to access their lowest-priced product that still meets your specific needs. Since this is not a one-size-fits-all scenario, using an intermediary is highly recommended. HeyNest connects you with independent experts who know the exact criteria for each Bluestone tier, ensuring your application is structured for the most competitive outcome and comparing it fairly against other non-bank options.

Simple
Smart
Chill
Heynest

Frequently asked questions

Is Bluestone a traditional bank?

No, Bluestone is a non-bank lender in Australia, allowing them more flexibility in assessing loan applications.

What is an 'Alt Doc' loan?

An alternative documentation loan, designed for self-employed individuals who may not have full financial records (like two years of tax returns).

Can I refinance to a bank later?

Yes, many use a specialist lender like Bluestone as a stepping stone to clean up credit history before refinancing to a lower rate with a major bank.