Keystone Property Finance has enhanced its specialist and expat mortgage ranges with new rates starting from 4.34%.
The specialist range caters for first-time landlords purchasing houses in multiple occupation (HMO) and multi-units (MUFBs) with up to six units and up to 15 units for more experienced landlords.
Rates start at 4.34%, while the maximum loan-to-value (LTV) is 75%.
There is a range of arrangement fee options, starting at 2.5% of the loan size.
Highlights from the range include at 4.34% 2-year fixed rate up to 65% LTV available for experienced landlords, as well as a 4.54% 2-year fixed rate up to 65% LTV available to first-time landlords.
In addition, the lender has introduced a 5.34% 5-year fixed rate up to 65% LTV available to first-time landlords and a 5.54% 5-year fixed rate up to 65% LTV available to experienced landlords.
The expat suite of products has options for first-time landlords purchasing or refinancing a HMO or MFUB containing up to six rooms or units – the lender allows up to 15 rooms or units for more experienced landlords.
Highlights from the range include a 4.64% 2-year fixed rate up to 65% LTV, a 4.94% 2-year fixed rate up to 65% LTV, a 5.74% 5-year fixed rate up to 65% LTV and a 5.94% 5-year fixed rate up to 65% LTV.
Elise Coole (pictured), managing director of Keystone, said: “These enhancements address a very real need in the market for ex-pat and specialist buy-to-let options.
“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.”
