No age limit property finance on Keystone Ltd Co and Joint applications

No age limit property finance on Keystone Ltd Co and Joint applications

13:38 PM, 4th November 2016, About 7 years ago

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“The aim of accepting landlords over the age of 85 years within a joint mortgage application will allow many of our older borrowers to continue to leverage their portfolios”, said David Whittaker CEO of Keystone.age

Keystone Property Finance has removed the age criteria on its Classic range of mortgage products for joint applicants and for borrowers via a Limted Company.

The maximum size allowed for a multi-unit property has  increased from 8 to 10 flats and maximum exposure on portfolio lending has increased to £2 million.

Five year fixed rates start at 3.99% to 75% LTV.

Three year fixed start from 4.09% to 75% LTV.

There are also five and three year fixed rate options going to a maximum of 80% LTV for standard Buy to Let single AST property and up to 75% LTV for HMOs and multi-units.

Rental Stress testing:
For Limited Companies
  • Trackers & 3 yr products – 125% at product pay rate or notional rate of 5.25% (whichever is higher)
  • 5 yr products – 125% at product pay rate
For Individuals
  • Trackers & 3 yr products – 145% at product pay rate or notional rate of 5.25% (whichever is higher)
  • 5 yr products – 145% at product pay rate

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