Keystone Property Finance launches new mainstream BTL range

Published on

Keystone Property Finance has introduced a brand new range for landlords purchasing or refinancing mainstream properties.

The Kent-based lender’s new ‘classic’ range caters for landlords buying standard properties but also smaller HMOs and multi-unit freehold blocks (MUFB).

It sits alongside Keystone’s existing range, which has been renamed the ‘complex’ range and remains aimed at landlords with more complex financing needs.

Rates for the new ‘classic’ range start at a highly competitive 4.69%, with arrangement fees starting at 2.5%. There are two and five-year fixed rate options and landlords can borrow up to 75% LTV.

As part of the new classic range’s criteria, Keystone will accept:

  • HMOs of up to six beds;
  • Multi-unit freehold blocks (MUFBs) of up to six units;
  • Maximum loan size of £1.5m per property;
  • £3m of lending per individual;
  • Limited company, trading limited and SPVs;
  • Minor adverse credit.

Elise Coole, managing director at Keystone Property Finance, said: “Since we launched five years ago we have built a reputation as experts when it comes to helping brokers and landlords with their complex buy-to-let needs. However, many brokers may not know that we also cater for landlords buying mainstream properties or smaller HMOs and multi-unit blocks.

“By creating a brand new range, with its own rates and criteria, for these landlords, we are confident we can be a one-stop-shop for brokers and their clients.

“But while our product guides and literature might look different, we remain as dedicated as ever to providing a top-quality service to our brokers and their clients.”

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

Family Building Society cuts minimum property value to £75k

Family Building Society has lowered its minimum property value from £120,000 to £75,000 across...

360 Lifecycle adds Checkmyfile credit reporting link

360 Lifecycle has partnered with Checkmyfile to give advisers access to clients’ multi-agency credit...

Barclays cuts rates and launches sub-4% Premier tracker

Barclays will cut selected mortgage rates from Thursday 30 April and launch a Premier...

Millennials still locked out of homeownership

Only 5% of millennials have reached the life milestones they expected as teenagers, according...

Canada Life makes two executive committee appointments

Canada Life has appointed Rose St Louis as its first chief customer officer and...

Latest publication

Other news

Family Building Society cuts minimum property value to £75k

Family Building Society has lowered its minimum property value from £120,000 to £75,000 across...

360 Lifecycle adds Checkmyfile credit reporting link

360 Lifecycle has partnered with Checkmyfile to give advisers access to clients’ multi-agency credit...

Barclays cuts rates and launches sub-4% Premier tracker

Barclays will cut selected mortgage rates from Thursday 30 April and launch a Premier...