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

New platform aims to ease advisers’ compliance burden during client meetings

A new meeting platform designed for mortgage advisers has launched in the UK, aiming...

PEXA hires Julian Wells as UK head of communications

Digital property exchange platform PEXA has appointed Julian Wells as its new UK head...

Market may be overreacting to conflict-driven rate fears

Financial markets could be overreacting in the early days of the conflict as they...

St. James’s Place passes 1,000 female adviser milestone ahead of International Women’s Day

St. James’s Place has revealed that more than 1,000 women are now working as...

The UK’s conveyancing conundrum explained

Why is conveyancing so slow in the UK? The average property transaction now takes...

Latest publication

Other news

New platform aims to ease advisers’ compliance burden during client meetings

A new meeting platform designed for mortgage advisers has launched in the UK, aiming...

PEXA hires Julian Wells as UK head of communications

Digital property exchange platform PEXA has appointed Julian Wells as its new UK head...

Market may be overreacting to conflict-driven rate fears

Financial markets could be overreacting in the early days of the conflict as they...