Specialist buy-to-let (BTL) lender Keystone Property Finance has launched a range of products for landlords purchasing or refinancing mainstream properties.
The ‘classic’ range was introduced to cater for landlords purchasing smaller properties, as well as those looking for smaller houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs).
This sits alongside Keystone Property Finance’s existing BTL range, which it renamed ‘complex’, to reflect that it is aimed at landlords with more sophisticated financial needs.
Classic range rates start at 4.69%, with arrangement fees starting at 2.5%.
Landlords can choose from 2- and 5-year fixed rates, and can borrow up to 75% loan-to-value (LTV).
The range was introduced to cover: HMOs of up to six beds; MUFBs of up to six units; a maximum loan size of £1.5m per property; £3m lending per individual; limited company, trading limited and special purpose vehicles (SPVs); and 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.”
