For first-time landlords interested in purchasing or refinancing HMOs and MUFBs with one to six occupants or units, the rate is set at 4.54% for the corresponding deal
Keystone Property Finance has recently updated its specialist and expat mortgage offerings, now featuring rates beginning at 4.34%. The headline rate for Keystone Property Finance stands at 65% loan to value (LTV) on a two-year fixed deal tailored for experienced landlords looking to purchase or refinance a house of multiple occupancy (HMO) or multi-unit freehold block (MUFB) with seven to 15 occupants or units.
For first-time landlords interested in purchasing or refinancing HMOs and MUFBs with one to six occupants or units, the rate is set at 4.54% for the corresponding deal.
The pricing increases to 5.54% or 5.34% for the equivalent five-year fixed options.
Within its expat range, rates commence at 4.64% for a two-year fix at 65% LTV, available to experienced landlords seeking to purchase or refinance HMOs or MUFBs with one to six occupants or units.
For properties with seven to 15 occupants or units, the corresponding product is priced at 4.94%.
The five-year fixed options are exclusively open to experienced landlords and are priced at 5.74% and 5.94% respectively.
Elise Coole, MD of Keystone Property Finance, noted: These enhancements address a very real need in the market for expat and specialist buy-to-let (BTL) options. Brokers have told us that they would like to see a better choice of deals for first-time landlords, which is why we have made them a key focus of both ranges.
Coole added: Starting at 4.34%, this new suite of products is highly competitive and we’re expecting good take-up from the market. While other lenders have increased their rates recently, we have decided to keep ours level. This approach underscores Keystone’s commitment to providing stable, affordable financing options for property investors at a time when the cost of funding has been rising.
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