Keystone Increase Maximum Loan Amount To Cater for Professional Landlords

31 October 2012 Categories: News

Keystone Increase Maximum Loan Amount To Cater for Professional Landlords

Keystone Buy to Let Mortgages have cemented their spot in the buy to let mortgage market by increasing their maximum loan amount, thus catering for professional landlords who are looking to invest in complex buy to let properties. Before the increase the maximum loan amount available from Keystone was £350,000 however it is now possible to borrow up to half a million pounds for new investments.

This news comes just a month after Keystone dropped their 5-year fixed rate by 0.55%, thereby completing a round of rate reductions across the mortgage range. David Whittaker, managing director for Keystone Buy to Let Mortgages and Mortgages for Business commented on the changes, “One of the reasons for launching Keystone earlier this year was to meet the needs of professional landlords who have been under-served by the mainstream buy to let lenders in recent years.

“Upping the maximum loan amount clearly demonstrates that we are able to respond quickly to investors’ on-going requirements in order that they can expand their portfolios at a time when housing is in desperately short supply. It demonstrates our on-going commitment to professional landlords, particularly those looking to finance more complex deals including multi-unit blocks, HMOs and limited company applications.”