Keystone Property Finance has introduced new criteria enhancements aimed at attracting a diverse range of landlords.
- The lender raised the maximum loan size per property from £2m to £2.5m, opening more opportunities.
- First-time landlords with properties above commercial premises can now secure loans up to 75% LTV.
- Self-employed expats with two or more buy-to-let properties are now eligible under the new terms.
- Landlords with properties requiring additional licenses can now access Keystone’s standard range, subject to local planning confirmations.
Keystone Property Finance has made strategic changes to appeal to a broader spectrum of landlords. By increasing the maximum loan size per property from £2 million to £2.5 million, the lender opens up more significant opportunities for property investors, particularly those interested in high-value properties.
The lender has also broadened its acceptance criteria to include first-time landlords owning properties above commercial premises. These individuals can now secure loans up to 75% loan-to-value (LTV), providing them with a viable financing option that was previously unavailable.
Moreover, the new criteria extend to self-employed expatriates who own at least two buy-to-let properties. These individuals can now apply for loans if they can demonstrate income streams from their current businesses. This change caters to a demographic that often finds it challenging to meet standard financial criteria due to the complexities of international finances.
A further development allows landlords with properties requiring additional or selective licences to use Keystone’s standard range. This is contingent upon confirmation of Local Authority planning requirements. Previously, only those properties mandatorily licensed could select from the specialist range, thereby limiting options available to landlords.
Elise Coole, managing director at Keystone Property Finance, emphasized that these changes address underserved market areas, aiming to satisfy unmet demand. ‘We are constantly seeking new ways to ensure that our range remains both relevant and responsive to evolving market conditions,’ she said.
These enhancements by Keystone Property Finance strategically position the lender to capture a broader market segment.
