Keystone Property Finance has increased maximum loan-to-value limits across its Refurb to Let range, extending access to short-term refurbishment funding for landlords.

The specialist buy-to-let lender has introduced two higher LTV options on loans between £100,000 and £1m, with rolled-up interest products now available up to 70% LTV and serviced options rising to 75% LTV.

Rates on the Refurb to Let range continue to start from 0.85% per month, with a maximum term of six months. Landlords can opt for rolled-up interest, deferred until the end of the term, or serviced interest paid monthly. There are no exit fees or early repayment charges.

The range was launched in April 2025 in response to demand for light refurbishment funding, including property upgrades and conversions to houses in multiple occupation with up to six occupants.

On completion of works, borrowers can move onto Keystone’s Refurb Exit fixed rate products, where rates start from 4.44%, or redeem the short-term facility.

END-TO-END REFURBISHMENT OFFERING

The Refurb Exit range is available on two-year and five-year fixed rates and allows additional borrowing of up to 80% LTV, subject to underwriting and a free revaluation.

Keystone pays a 1% procuration fee on Refurb to Let products. Brokers receive a further 0.55% procuration fee where clients proceed onto a Refurb Exit fixed rate.

Elise Coole, managing director of Keystone Property Finance, said: “Since launching our Refurb to Let range last April, we’ve seen consistently strong demand from brokers supporting landlords with light refurbishment projects.

“There is clear appetite for short-term funding that offers a straightforward route onto longer-term finance.

“By expanding the range and increasing LTVs on loans up to £1m, we’re purposely widening access to refurb finance. This gives more landlords the ability to take on smaller-scale projects or convert properties into HMOs.

“This enhancement reflects both the success of the original launch and our wider growth strategy. By expanding our short-term offering, we’re reinforcing our end-to-end proposition and further strengthening Keystone’s position in the specialist buy-to-let market.”