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.”
