Specialist lending brand Keystone Property Finance has joined TMA’s Mortgage Club, which will give members direct access to Keystone’s Classic Range of buy-to-let mortgages.
Aimed at landlords with typically more complex borrowing requirements, Keystone accepts applications from individuals, SPV and trading limited companies.
The Classic Range offers a selection of fixed and tracker rates at up to 80% loan-to-value (LTV), including products designed especially for Houses in Multiple Occupation (HMOs), multi-lets and blocks of flats.
David Whittaker, the CEO of Keystone, comments on the partnership: “We are delighted to join the panel of TMA Mortgage Club. We know that the Classic Range will prove particularly popular with brokers looking to place deals for their portfolio landlord clients, who will have to adapt to a changed buy-to-let landscape from October.”
Bank Aldermore released a guide on its new portfolio landlord rule changes yesterday, ahead of industry-wide changes introduced by the Prudential Regulation Authority.
TMA Mortgage Club members will be able to submit and track cases online, generate AIPs and mortgage illustrations, and keep a tally of all procuration fees earned with Keystone – all of which will save brokers valuable time and is great for record keeping.
David Copland, the Director of Mortgage Services at LSL Group, adds: “We are pleased to welcome Keystone and are confident that their specialist range of buy-to-let mortgages, which include HMOs, multi-units and limited company products, will be popular with our members and their clients.”
TMA Mortgage Club members will need to register with Keystone before they can begin transacting the range with landlords.
Just last month, Keystone reduced all of its rates on its Classic Range for buy-to-let landlords. Pricing now starts at just 3.59% for a three-year fixed rate mortgage at 65% LTV. Further details of the lender’s latest offerings can be found here: https://landlordnews.co.uk/keystone-reduces-rates-classic-range/