Keystone Property Finance has unveiled an exclusive purchase only product range.
Pricing of the product range mirrors the current standard and specialist buy-to-let ranges and offers a cashback incentive.
On loans between £250,001 and £1m, a £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.
The purchase only exclusive range provides products at 65% and 75% LTV with rates starting from 2.99% for applications on standard buy-to-let property. Rates start from 3.19% for purchase applications on HMOs and multi-unit blocks.
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.
Keystone’s CEO, David Whittaker (pictured), 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.”