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

Budget U-turns and tax shocks dominate expert webinar

The Autumn Budget’s confused signalling, long lead times and heavy hit on property investors...

Property deals edge higher but non-residential market still lagging

UK property transactions picked up in October, with residential activity reaching its strongest level...

Yorkshire Building Society brings mortgage brands under one division

Yorkshire Building Society is consolidating its mortgage operations into a single Homes division in...

Shawbrook increases loan-to-income ratio to 5.5x across TML and Bluestone

Shawbrook has increased its maximum loan-to-income ratio from 4.5x to 5.5x income, extending the...

Mortgage Brain expands customer success team with two new hires

Mortgage Brain has strengthened its customer success team with the appointment of Richard Bethune-Wright...

Latest publication

Other news

Budget U-turns and tax shocks dominate expert webinar

The Autumn Budget’s confused signalling, long lead times and heavy hit on property investors...

Property deals edge higher but non-residential market still lagging

UK property transactions picked up in October, with residential activity reaching its strongest level...

Yorkshire Building Society brings mortgage brands under one division

Yorkshire Building Society is consolidating its mortgage operations into a single Homes division in...