Keystone introduces exclusive purchase only products
04 March 2019
- New purchase only rates added to Keystone’s standard and specialist buy to let ranges
- £1,250 cashback incentive offered at completion for loans between £250,001 and £1m
- £750 cashback incentive offered at completion for loans less than or equal to £250,000
- Valuation fees will be refunded on new products at time of completion
- Products offer period 4th March 2019 – 31st May 2019
Specialist buy to let lender Keystone Property Finance has introduced an exclusive purchase only product range today, 4th March 2019.
Pricing of the product range mirrors the current standard and specialist buy to let ranges and offers a cashback incentive.
On loans between £250,001 and £1m, a £1,250 cashback will be offered at time of completion and on loans less than or equal to £250,000 there will be a cashback of £750 at completion. Keystone will also refund the valuation fee at completion.
The purchase only exclusive range provides products at 65% and 75% LTV with rates starting from 2.99% for applications on standard buy to let property. Rates start from 3.19% for purchase applications on HMOs and multi-unit blocks.
The current Keystone product ranges remain available to both individuals and limited companies. Keystone accepts trading limited companies, LLPs and SPVs as standard and does not take a floating charge or debenture.
Commenting on the new rate offerings, CEO, David Whittaker said:
“As our first addition to our product range since successfully relaunching into the buy to let market in September 2018 we are delighted to be able to offer some new and exciting purchase only products.
Landlords have seen a number of changes over the past two and a half years but they are very resilient and have a healthy appetite to look at further buy to let purchases and our sales team are here to help brokers with any complex borrowing requirements.”
Full details of all the new products can be found at www.keystonepropertyfinance.co.uk/products/ where brokers can also register online.
Keystone Property Finance is an intermediary only lending brand and is on the panels of numerous mortgage networks and clubs.
