Keystone has launched a new commercial owner-occupier range.
It offers a pair of fixed rate deals for business owners looking to purchase or remortgage work premises.
The range is being financed by Secure Trust Bank which has allocated a limited tranche of funds until the end of 2015.
There is a three year fix at 4.89% and a five year fix at 5.69% both of which are offered up to 80% loan to value which includes 10% Personal Guarantee. Up to 70% LTV is available without a PG. Loans are available from £250,000 to £750,000 with arrangement fees set at 2%.
The range has been designed specifically for business owners who have been trading successfully for three or more years. Brokers looking to place cases for sole-traders, partnerships and limited companies will be welcomed. Acceptable property types extend to offices, retail and industrial units, and modern factories and warehouses.
David Whittaker (pictured), managing director of Keystone, said: “We have a long term plan to move into other areas of property finance and when we put the commercial owner-occupier proposition to the Secure Trust Bank team their response was extremely positive.
“They already have a strong presence in this sector and we’re delighted to have been allocated a special tranche of funds.”
Paul Marston, managing director of Secure Trust Bank Business & Commercial, added: “As a standalone mortgage facility with no geographical restrictions in England, Wales and Scotland, the commercial owner-occupier range is available for sole-traders, partnerships and limited companies to submit applications by 31st October 2015 with funds drawn down by 31st December 2015.”
