Keystone enhances specialist and expat mortgage ranges

New rates start at 4.34%

Keystone enhances specialist and expat mortgage ranges

Keystone Property Finance has announced updates to its specialist and expat mortgage offerings, introducing new rates starting at 4.34%.

The lender’s specialist range, designed to meet the needs of both first-time and seasoned landlords interested in investing in houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs), include products tailored to accommodate properties with up to six rooms or units for newcomers and up to 15 rooms or units for the more experienced investors.

The starting rate for these mortgages is set at 4.34%, with the loans offering a maximum loan-to-value (LTV) ratio of 75%. Borrowers have access to various arrangement fee options, beginning at 2.5% of the total loan amount.

Key offerings in the specialist range include a 4.34% two-year fixed rate for up to 65% LTV, aimed at experienced landlords dealing with larger HMOs and MUFBs housing between seven to 15 occupants or units.

For new landlords, a 4.54% two-year fixed rate is available for up to 65% LTV, catering to properties with one to six occupants or units. Five-year fixed rates are also on offer at 5.34% and 5.54% for up to 65% LTV for first-time and experienced landlords, respectively.

The specialist buy-to-let lender’s expat mortgage options extend similar flexibility to first-time and seasoned landlords investing from abroad.

The range includes two-year fixed rates at 4.64% and 4.94% for up to 65% LTV, accommodating properties with up to six and between seven to 15 units, respectively. For five-year terms, expat landlords can access rates of 5.74% and 5.94% for up to 65% LTV, though these options are reserved for the more experienced landlords and not available to first-time investors.

“These enhancements address a very real need in the market for expat and specialist buy-to-let options,” said Elise Coole (pictured), managing director at Keystone Property Finance. “Brokers have told us that they would like to see a better choice of deals for first-time landlords, which is why we have made them a key focus of both ranges.

“Starting at 4.34%, this new suite of products is highly competitive, and we’re expecting good take up from the market. While other lenders have increased their rates recently, we have decided to keep ours level. This approach underscores Keystone’s commitment to providing stable, affordable financing options for property investors at a time when the cost of funding has been rising.”

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