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Keystone raises proc fees

Sarah Davidson

February 3, 2015

Loan offers from the solutions range, which caters for landlords struggling to get finance, can now be turned around within one week from instructing solicitors.

David Whittaker, managing director of Keystone Buy to Let Mortgages, said: “We’ve worked extremely hard with our funding partners, Lancashire Mortgage Corporation, to get the application processing right and believe we have implemented a very slick workflow.

“We can already offer within 48 hours of receiving a case and valuations are then carried out within a few days. We are now confident that, if required, we could complete an application and draw down funds within a week of instructing solicitors.”

The range divides adverse credit into three categories, light, light-medium and medium-heavy. Borrowers in the light category get a better rate than those with more adverse credit.

Whittaker added: “As an intermediary only lender, the feedback from brokers has been extremely positive too, not only because we can help on the credit repair angle but also because we can find a home for non-standard properties and borrowers looking for finance in a limited company capacity.”

The solutions range offers 3-year fixes at 8.49% for individuals and 8.99% for limited companies.

Loans are available between 55-70% LTV, although they go up to 75% LTV by referral.


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