Keystone’s first three Classic cases
The first offer was for an existing Keystone client who wanted to remortgage through a Special Purpose Vehicle (SPV) limited company, while second and third were both for investors in their 70s.
Keystone launched the classic range with peer-to-peer lending platform Landbay at the beginning of the month.
David Whittaker, managing director at Keystone Buy to Let Mortgages, said: “The variation between the deals really does showcase Keystone’s flexible lending criteria. We are thrilled with how the launch of the New Classic Range has gone and are expecting many more offers in the coming weeks.”
With the first deal the investor didn’t own his own home, but his experience within the buy-to-let sector was deemed acceptable to get a mortgage. The offer was made four days after the valuation.
The second deal, for a client in their late seventies, was a 65% LTV 7-year term on a 2-bed flat above a restaurant.
And the third deal, for an investor in their mid-70s remortgaged a 1-bed flat and the formal offer was made within 12 working days.