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Keystone Property Finance has launched a new line for landlords buying or refinancing large properties.
The range of lenders is for landlords buying standard real estate and small multi-family housing units (HMOs) and freehold multi-family housing units (MUFBs).
The new line includes such criteria as sickness funds up to six beds and MUFB up to six units.
The maximum loan amount for real estate is £1.5 million and allows you to issue up to £3 million per person.
The range is open to Limited Liability Companies, Trading Limited Liability Companies and Special Purpose Companies, as well as companies with minor adverse credit.
It will be located next to the existing Keystone line, which has been rebranded as a “difficult” line designed for landlords with more complex financing needs.
Rates for the new range start at 4.69% and fees start at 2.5%.
Landlords will be able to enter into two- and five-year fixed rate deals and will be able to borrow up to 75% of the loan to value (LTV).
Eliza Cool, Managing Director of Keystone Property Finance, says: “By creating an entirely new range with our own rates and criteria for these landlords, we are confident we can become a one-stop-shop for brokers and their clients.”
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