Aldermore expands criteria as Keystone and Kent Reliance reprice

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Aldermore has expanded lending criteria, while Keystone Property Finance and Kent Reliance have adjusted selected mortgage rates.

Aldermore will now consider ex-local authority flats with open balcony or deck access, provided there is secure ground-floor access.

It will also consider owner-occupied properties with cladding requiring remediation and a B2 rating, as well as properties on the Scottish Islands.

The lender has increased its maximum single-unit buy-to-let property value to £3m in London and the South East and £2m across the rest of the UK.

The changes take effect today.

Meanwhile, Keystone has increased fixed rates across its standard buy-to-let, Holiday Let, Product Transfer, Product Transfer Plus and Refurb Exit ranges by 10 basis points (bps).

However, rates for houses in multiple occupation and multi-units with between seven and 20 occupants or units have been cut by 5bps.

Ex-pat rates have also been reduced by 10bps.

The changes are available from today.

Kent Reliance for Intermediaries is also increasing rates across its buy-to-let and residential product transfer ranges.

Current products will be withdrawn at 5pm today.

The new higher-rate product transfer ranges will become available tomorrow.

Newcastle for Intermediaries has also withdrawn a number of products today.


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