Keystone Property Finance has expanded its specialist and ex-pat mortgage ranges with new rates starting from 4.34%.
The specialist range caters for first-time landlords purchasing houses in multiple occupation (HMO) and multi-units (MUFBs) with up to six rooms/units and up to 15 rooms/units for more experienced landlords.
Rates start at 4.34%, while the maximum LTV is 75%. There is a range of arrangement fee options, starting at 2.5% of the loan size.
Highlights from the range include:
- 4.34% two-year fixed rate up to 65% LTV. Available for experienced landlords purchasing or refinancing HMOs & MUFBs with 7-15 occupants/units
- 4.54% two-year fixed rate up to 65% LTV. Available to first-time landlords purchasing or refinancing HMOs & MUFBs with 1-6 occupants/units
- 5.34% five-year fixed rate up to 65% LTV. Available to first-time landlords purchasing or refinancing HMOs & MUFBs with 1-6 occupants/units
- 5.54% five-year fixed rate up to 65% LTV. Available to experienced landlords purchasing or refinancing HMOs & MUFBs with 7-15 occupants/units
Like Keystone’s new specialist range, the ex-pat suite of products has options for first-time landlords purchasing or refinancing a HMO or MFUB containing up to six rooms or units. The lender allows up to 15 rooms or units for more experienced landlords.
Highlights from the range include:
- 4.64% two-year fixed rate up to 65% LTV. Available to experienced landlords purchasing or refinancing HMOs & MUFBs with 1-6 occupants/units
- 4.94% two-year fixed rate up to 65% LTV. Available to experienced landlords purchasing or refinancing HMOs & MUFBs with 7-15 occupants/units
- 5.74% five-year fixed rate up to 65% LTV. Available to experienced expat landlords purchasing or refinancing HMOs & MUFBs with 1-6 occupants/units. Not available to first-time landlords
- 5.94% five-year fixed rate up to 65% LTV. Available to experienced expat landlords purchasing or refinancing HMOs & MUFBs with 7-15 occupants/units. Not available to first-time landlords
Elise Coole, managing director of Keystone, said: “These enhancements address a very real need in the market for ex-pat and specialist buy-to-let options. Brokers have told us that they would like to see a better choice of deals for first-time landlords, which is why we have made them a key focus of both ranges.
“Starting at 4.34%, this new suite of products is highly competitive and we’re expecting good take up from the market. While other lenders have increased their rates recently, we have decided to keep ours level. This approach underscores Keystone’s commitment to providing stable, affordable financing options for property investors at a time when the cost of funding has been rising.”