Keystone streamlines “classic” range and reduces ...

Keystone Buy to Let Mortgages has streamlined its “classic” range to make product selection more straightforward for brokers and landlords.

All rates will now be made available to both individual and limited company borrowers, where previously there were product sets for each. Classic range rates have also been reduced by 20-50 bps.

Commenting on the modifications, David Whittaker, managing director of Keystone said: “Although our general strategy is to offer products that are criteria rather than price led, we do acknowledge that landlords face higher costs going forward

“In collaboration with our funding partner, Paratus AMC, we have worked out a way of absorbing the additional costs associated with underwriting limited company applications so we can offer the same rates to all borrowers for the time-being.”

Unlike the majority of buy-to-let lenders, Keystone accepts trading limited companies as well as Special Purpose Vehicles.

The classic range now offers a selection of term trackers and fixed rates to 80% and 75% LTV for standard buy-to-let property, as well as 75% LTV options designed specifically for HMOs and multi-units. Pricing starts from 4.29% fixed for three years to 75% LTV.

“We expect these rates to be very popular with landlords who have more complex borrowing needs and I would urge brokers to submit purchase cases as soon as possible. We will do our very best to get as many of these applications processed before the stamp duty surcharge kicks in on 1 April,” said Whittaker.

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