Keystone enhances lending criteria

Jessica Nangle

October 11, 2017

Keystone Property Finance has made a series of criteria enhancements aimed at helping both portfolio and non-portfolio landlords.

The maximum individual loan available has been increased from £750k to £1m on borrowing up to a 65% LTV.

Keystone will now accept applications from borrowers aged 21 and over, down from 25 years old previously and the minimum length of employment or self-employment in a particular role has been scrapped.

Keystone joins First Complete and Pink’s panel

Keystone has also broadened its remit on UK residency requirements and will now accept skilled works on both Tier 1 and Tier 2 visas and flats in high rise blocks will be accepted on a case-by-case basis.

David Whittaker (pictured), chief executive of Keystone Property Finance, said: “We wanted to show both portfolio and non-portfolio landlords that we are open for business, and the new PRA guidelines will not alter our lending appetite.”

The increase has been introduced to help a growing number of landlords who are looking to secure larger loan.

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