Keystone launches purchase-only buy-to-let range
Specialist buy-to-let lender Keystone Property Finance has launched an exclusive purchase-only product range at 65% and 75% LTV.
Rates start from 2.99% for applications on standard buy-to-let property and from 3.19% for purchase applications on HMOs and multi-unit blocks.
On loans between £250,001 and £1m, £1,250 cashback will be offered at time of completion and on loans less than or equal to £250,000 there will be a cashback of £750 at completion. Keystone will also refund the valuation fee at completion.
David Whittaker, chief executive, said: “As our first addition to our product range since successfully relaunching into the buy-to-let market in September 2018 we are delighted to be able to offer some new and exciting purchase only products.
“Landlords have seen a number of changes over the past two and a half years but they are very resilient and have a healthy appetite to look at further buy-to-let purchases and our sales team are here to help brokers with any complex borrowing requirements.”
The current Keystone product ranges remain available to both individuals and limited companies. Keystone accepts trading limited companies, LLPs and SPVs as standard and does not take a floating charge or debenture.