The loans are available on its standard core range and in several fixed rate options
Keystone Property Finance has increased its maximum LTV to 85% for the first time as the specialist buy-to-let lender continues to enhance its product offering.
The lender’s new 85% LTV loans are available on its standard core range and come in two-, five- and seven-year fixed rate options.
The two-year fixed rate is priced at 4.79%, whereas the five- and seven-year fixed rate are priced at 4.99% and 5.19%, respectively. All three products are available on loans of between £50,000 and £500,000.
Keystone has made several criteria and product upgrades so far this year, including offering seven-year fixed rates for the first time, improving its enhanced cashback offering and accepting HMO applications from first-time landlords. In April, the lender also lifted its maximum portfolio size to £10 million and its maximum individual loan size to £2 million.
“We’ve significantly enhanced our criteria and product set in 2022, and this is the next stage in the evolution of our offering. However, we never make changes to our range for the sake of them; they are always made based on our ongoing conversations with the broker community,” Elise Coole, managing director at Keystone Property Finance, said.
“One of the things that brokers have been telling us is that there are not enough products available for landlords with smaller deposits, which is why we have decided to increase our maximum LTV to 85% on our standard range.”
Coole added that they are confident that the new offering will fill a need in the market and will be well received by both brokers and landlords.
“We also want brokers to know that we are listening to them and that they can expect further exciting new product and criteria developments from us before the end of the year,” she continued.
