Buy to Let market update

Buy to Let market update

16:33 PM, 9th May 2012, About 12 years ago 3

Text Size

A new buy to let lender has entered the market called Keystone

They specialise in buy to let mortgages for Single Purpose Vehicle limited companies, HMOs and Multi-Unit properties. This part of the market was largely exited by lenders after the credit crunch and it is great to see some competition for more niche criteria giving Landlords a greater range of options.

Important Keystone criteria

Maximum number of 4 directors for limited company applications (must be a single purpose vehicle not trading limted company)

No minimum income required, but must have 12 months employment history or trading as self employed for 2 years or be in receipt of a personal/company pension.

No First time landlords accepted, but no mamximum number of buy to let properties

Maximum Loan to Value 75% and minimum property value of £50,000

Products start at 5.23% for a 3 year fixed and are stressed tested at 130% on the pay rate or 100% of 7.7%

For further information on available Keystone products please use our Buy to Let mortgage calculator.

Kent Reliance pull 85% LTV buy to let product

Kent reliance have withdrawn the only 85% buy to let mortgage product on the market at 5.99%. There is no news yet on whether another  85% will be reintrodced and what the pricing will likely be. However Kent Reliance’s maximum Loan to Value is now 80% which is still very competetive.

If you would like to add your own requirements and search for the most popular available Buy to Let products please click here

Share This Article


10:17 AM, 10th May 2012, About 12 years ago

Is Keystone part of Aldemore bank?

Mark Alexander - Founder of Property118

14:32 PM, 10th May 2012, About 12 years ago

It is Johnny, yes. Mortgage for Business will be carrying out the application process.

10:43 AM, 11th May 2012, About 12 years ago

Technically speaking Keystone Buy to Let Mortgages is part of Mortgages for Business. Aldermore is supplying the funds on an exclusive basis.

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership


Don't have an account? Sign Up

Landlord Tax Planning Book Now