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

Landlords exploit softer market with lowball offers

More than half of buy-to-let investor offers were at least 10% below the original...

Asking prices suffer biggest August fall since 2018

The average asking price of a newly listed home fell by 2% in August,...

Instamo launches automated post-submission mortgage tool

Instamo has launched FastAdmin, a post-submission automation service designed to reduce the administrative work...

HMLR and OS data tie-up targets faster property transactions

HM Land Registry (HMLR) and Ordnance Survey (OS) have agreed a three-year collaboration intended...

FCA bans CEO over fake €200m bond portfolio

The Financial Conduct Authority (FCA) has fined and banned two former Blue Horizon Asset...

Latest publication

Other news

Landlords exploit softer market with lowball offers

More than half of buy-to-let investor offers were at least 10% below the original...

Asking prices suffer biggest August fall since 2018

The average asking price of a newly listed home fell by 2% in August,...

Instamo launches automated post-submission mortgage tool

Instamo has launched FastAdmin, a post-submission automation service designed to reduce the administrative work...