This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Keystone has announced that is has revealed a fresh, short-term finance range, providing a selection of bridging loans aimed at residential landlords.
Supplied by Lancashire Mortgage Corporation, funding for the scheme comes from the same provider as Keystone’s Solutions Range.
Products
There are six products in the new range and are all priced relative to the credit profile of the applicant, with different rates for prime borrowers to those with light-medium or medium-heavy adverse credit.
Rates begin from 0.85% per month for loans priced between £50k and £1m. As standard, Keystone will lend up to 70% LTV, rising to up to 75% by referral. It should be noted that there is no price differentiation between individuals and limited company applicants.[1]
Keystone announces new range
‘Brokers looking for a swift deal should be delighted with the range,’ observed David Whittaker, managing director of Keystone. ‘Lending decisions can be made within hours if needed and funds can be released in five working days or less. There are no exit fees and brokers will be paid a fee of 0.5% of the loan amount on the day of completion,’ he added.[1]
[1] http://www.propertyreporter.co.uk/finance/new-short-term-finance-range-launched-for-landlords.html
