Keystone Property Finance has made a series of enhancements to its criteria. The specialist buy-to-let lender has increased its maximum loan size per property from £2m to £2.5m. That includes its 70% LTV products, which were available to £1.5m previously.
As well as increasing its maximum loan size, Keystone will also now accept new applications from first-time landlords, where the property is above a commercial premises, with loans available up to 75% LTV.
And self-employed ex-pats, where they have at least two buy to lets and can show income from current business
The lender also confirmed that from 5 November, only those landlords purchasing or refinancing properties that require a mandatory licence will continue to choose a product from Keystone’s specialist range.
However, those with properties that require additional or selective licences will be able to select from its standard range subject to confirmation of Local Authority planning requirements.
Commenting on the latest changes Keystone managing director Elise Coole said: “We’re excited to introduce these enhancements, which expand our product range’s appeal to a broader spectrum of landlords. These changes address areas of the market that are currently underserved by lenders, so we are pleased to be able to meet that unmet demand.
She added: “We are constantly seeking new ways to ensure that our range remains both relevant and responsive to evolving market conditions, providing useful and tailored solutions for even the most complex cases.”
