Paradigm Mortgage Services has added Keystone Property Finance to its lender panel.
The mortgage services proposition’s member firms will now be able to offer Keystone’s range of specialist buy-to-let, commercial and short-term finance products to their clients through the distributor.
Keystone provides a number of different product ranges aimed at both residential and commercial property investors as well as business owner-occupiers. It is well known for accepting trading limited company applicants and landlords with complex borrowing requirements; it will also lend to landlords with medium amounts of adverse credit.
Keystone will also consider a wide variety of non-standard buy-to-let property including HMOs with up to eight bedrooms and multi-units of up to six self-contained flats.
In July Keystone launched KASS (Keystone Application Submission System), a broker portal to speed up the processing of Classic Range applications. KASS allows brokers to track the stages of every deal.
The lender recently widened its offering to include short and long-term finance options to borrowers looking to fund both mixed-use and commercial property.
The product ranges are funded by a variety of partners including Paratus AMC, Together and Aldermore Bank.
John Coffield, head of Paradigm Mortgage Services, said: “As a percentage of the overall business volumes written through Paradigm, buy-to-let now accounts for circa-20% and is a valuable part of our proposition. Adding Keystone to our lender panel delivers another considerable string to our buy-to-let bow given that it is one of the key lenders in the market with a hugely experienced management team, and a commitment to all areas of the specialist buy-to-let sector.
“Once again we have secured highly competitive terms for our members, while at the same time offering up a range of products which will undoubtedly appeal to landlord clients. We are looking forward to working with the team at Keystone and are sure our members will find plenty to interest them in this new relationship.”
Phil Riches, head of sales at Keystone Property Finance, added: “This new partnership will help us to reach out to brokers who, up until now, may not have been aware of the Keystone brand.
“Over the coming weeks, our BDMs plan to meet with as many Paradigm member firms as possible to explain our offering and hopefully help them find a home for their specialist buy-to-let deals.”
