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

Foundation raises income multiples for higher-earning mortgage borrowers

Foundation Home Loans has increased the amount higher-earning residential borrowers can access under changes...

Wealthy Advisers Club funds £997 wellbeing retreat place to MIMHC

The Wealthy Advisers Club has donated a fully funded place at its inaugural Digital...

Access FS mortgage business rises 46.8% in record July

Access Financial Services recorded its strongest month for mortgage business in July, with activity...

LiveMore launches mortgage podcast for brokers and advisers

LiveMore has launched a podcast series covering developments in the specialist and later-life lending...

Mortgage myths deter would-be first-time buyers

Misconceptions about mortgage eligibility may be prompting aspiring first-time buyers to abandon their plans...

Latest publication

Other news

Let’s not get bogged down in the macro, let’s focus on the ones and twos

In challenging times such as this, it often feels like the first instinct for...

Foundation raises income multiples for higher-earning mortgage borrowers

Foundation Home Loans has increased the amount higher-earning residential borrowers can access under changes...

Wealthy Advisers Club funds £997 wellbeing retreat place to MIMHC

The Wealthy Advisers Club has donated a fully funded place at its inaugural Digital...