Keystone looks to broaden its appeal among landlords

Published on

Keystone Property Finance has made changes to its criteria in a bid to appeal to a wider range of landlords.

The specialist buy-to-let lender has upped its maximum loan size per property from £2m to £2.5m. This also applies to its 70% LTV products, which were available to £1.5m previously.

In addition, Keystone will also now accept new applications from first-time landlords, where the property is above a commercial premises, with loans available up to 75% LTV.

Self-employed ex-pats, where they have at least two buy-to-lets and can show income from current business, will also now be eligible.

Only those landlords purchasing or refinancing properties that require a mandatory licence will continue to choose a product from Keystone’s specialist range. However, those with properties that require additional or selective licences will be able to select from its standard range subject to confirmation of Local Authority planning requirements.

Elise Coole, managing director of Keystone Property Finance, said: “We’re excited to introduce these enhancements, which expand our product range’s appeal to a broader spectrum of landlords. These changes address areas of the market that are currently underserved by lenders, so we are pleased to be able to meet that unmet demand.

“We are constantly seeking new ways to ensure that our range remains both relevant and responsive to evolving market conditions, providing useful and tailored solutions for even the most complex cases.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Meet the hosts of Mortgage’s Got Talent

As the mortgage industry prepares to swap case discussions, criteria and rates for microphones,...

Complex income must not become barrier to Scottish homeownership

Mortgage lenders need to keep adapting their criteria as changing working patterns leave growing...

LiveMore raises LTV limits and adds flexibility to equity release overpayments

LiveMore has increased maximum LTVs on mortgages with a repayment element and introduced more...

Cost of collapsed property sales rises to £258m in second quarter

Failed property transactions cost the UK housing market an estimated £257.9m during the second...

New-build homes account for 8% of properties on the market

New-build homes make up just 8.1% of properties currently listed for sale across Great...

Latest publication

Other news

Meet the hosts of Mortgage’s Got Talent

As the mortgage industry prepares to swap case discussions, criteria and rates for microphones,...

Complex income must not become barrier to Scottish homeownership

Mortgage lenders need to keep adapting their criteria as changing working patterns leave growing...

The fall in BTL company formations isn’t the whole story

It is often the case with housing and mortgage market data that the headline...