Keystone Property Finance has launched a brand new vary for landlords buying or refinancing mainstream properties.
The lender’s vary is aimed toward landlords shopping for normal properties and smaller homes of a number of occupancies (HMOs) and multi-unit freehold blocks (MUFB).
The brand new vary contains standards reminiscent of HMOs of as much as six beds and MUFBs of as much as six models.
The utmost mortgage measurement per property is £1.5m and it’ll permit as much as £3m of lending per particular person.
The vary is open to restricted firms, buying and selling restricted firms and particular objective automobiles and people with minor antagonistic credit score.
It is going to sit alongside the Keystone’s current vary, which has been renamed because the ‘advanced’ vary targetting landlords with extra advanced financing wants.
Charges for the brand new vary begin at 4.69%, with association charges beginning at 2.5%.
Landlords can have the choice of two and five-year fixed-rate offers and can be capable to borrow as much as 75% loan-to-value (LTV).
Keystone Property Finance managing director Elise Coole says: “By making a model new vary, with its personal charges and standards, for these landlords, we’re assured we could be a one-stop-shop for brokers and their purchasers.”