Keystone Adds New Three-Year Fixed Rate But-to-Let Mortgage

Specialist lending brand Keystone Property Finance has added a new three-year fixed rate buy-to-let mortgage deal to its Classic Range. Priced at just 3.69% at 65% loan-to-value (LTV), it is now the lowest priced product in the selection.

This rate is being offered to landlords regardless of whether they choose to invest personally or through a limited company. And, unlike many buy-to-let lenders, it is available to trading limited companies as well as Special Purpose Vehicles (SPVs).

Perhaps crucially for many investors using corporate structures, Keystone does not impose an upper age limit to qualify for finance.

Older investors borrowing personally also find Keystone a viable option, as its criteria stretches to borrowers up to 85-years-old at the end of the mortgage term.

David Whittaker, the CEO of Keystone, comments: “The rate is available on standard buy-to-let property to landlords with slightly larger deposits who are looking to borrow between £50,000 and £750,000. It sits nicely beside our other three-year fixed rates, each of which are targeted at landlords with specific needs. For example, we have a three-year fixed rate at 4.29% designed for HMOs [Houses in Multiple Occupation] with up to eight bedrooms and multi-units with up to ten flats. We also have options for landlords with higher LTV requirements.”

Keystone is an intermediary-only lending brand, which boasts criteria aimed at investors typically with more complex borrowing scenarios. It is one of the few lenders that will allow remortgages within six months of purchase, and will consider a wide range of non-standard properties, including flats above commercial premises and new build flats.

Full details of all Keystone’s rates can be found online here: www.keystonepropertyfinance.co.uk

Are you thinking of investing further in the buy-to-let sector? Take a look at Keystone’s offerings, including the new three-year fixed rate deal, to find out what it can do for you.