Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
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Kent reliance have withdrawn the only 85% buy to let mortgage product on the market at 5.99%.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
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