Keystone Property Finance has increased its maximum loan-to-value (LTV) to 85% for its standard core range.

The lender’s new 85% LTV loans are available in two, five and seven-year fixed-rate options.

The two-year fixed rate is priced at 4.79%, while the five- and seven-year fixed-rate are priced at 4.99% and 5.19%, respectively. 

All three products are available on loans of between £50,000 and £500,000.

Earlier this year, the lender also lifted its maximum portfolio size to £10m and its maximum individual loan size to £2m.

Keystone Property Finance managing director Elise Coole says: “We’ve significantly enhanced our criteria and product set in 2022 and this is the next stage in the evolution of our offering. However, we never make changes to our range for the sake of them; they are always made based on our ongoing conversations with the broker community.”

“One of the things that brokers have been telling us is that there are not enough products available for landlords with smaller deposits, which is why we have decided to increase our maximum LTV to 85% on our standard range,” Coole adds.