The new range caters for landlords buying standard properties, and smaller HMOs and MUFBs
Specialist buy-to-let lender Keystone Property Finance has launched an entirely new range for landlords purchasing or refinancing mainstream properties.
The lender’s new ‘classic’ range caters for landlords buying not only standard properties, but also smaller houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
The new range sits alongside Keystone’s existing range, which has been renamed the ‘complex’ range and remains aimed at landlords with more complex financing needs.
🚨 Product Update 🚨— Keystone Property Finance (@KeystonePF) March 16, 2023
Our NEW Classic and Complex ranges are here.
Take a look a our new products available at 65% & 75% LTV, rates start from 4.69%.
View here >> https://t.co/gMp8WgV0TY #specialistlending #btl pic.twitter.com/ZsaWfO3iTk
Rates for the new ‘classic’ range start at 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% loan-to-value.
As part of the new classic range’s criteria, Keystone will accept HMOs of up to six beds, MUFBs of up to six units, maximum loan size of £1.5 million per property, £3 million of lending per individual, limited company, trading limited and SPVs, and minor adverse credit.
“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,” commented Elise Coole (pictured), managing director at Keystone Property Finance, commented. “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.”
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