A new three-year fixed rate buy-to-let mortgage at 3.69%, available at up to 65% loan-to-value (LTV), has been launched by Keystone Property Finance.
The new product, which is the lowest priced in Keystone’s ‘classic range’, is available to landlords regardless of whether they choose to invest personally or through a limited company, including both trading limited companies and special purpose vehicles.
There is no upper age limit imposed by Keystone to qualify for finance, with mortgages available to borrowers aged up to 85 years at the end of the mortgage term.
David Whittaker, chief executive of Keystone, commented: “The rate is available on standard buy-to-let property to landlords with slightly larger deposits who are looking to borrow between £50,000 and £750,000.
“It sits nicely beside our other three-year fixed rates, each of which are targeted at landlords with specific needs. For example, we have a three-year fixed rate at 4.29% designed for HMOs with up to eight bedrooms and multi-units with up to 10 flats. We also have options for landlords with higher LTV requirements.”