Keystone expands into multi-unit holiday lets

Keystone Property Finance has expanded its holiday let range to include new multi-unit holiday let products.

The move means that Keystone will now lend on properties containing up to six units.

The buy-to-let lender introduced the new products in direct response to feedback from brokers, who have highlighted growing demand in the short-term rental market for multi-unit solutions.

The new range includes a 5.89% five-year fixed rate, available up to 75% LTV with a 5.5% arrangement fee, and a 6.44% five-year fix, available at 75% LTV with a 2.5% arrangement fee.

Elise Coole, managing director of Keystone Property Finance, commented: “Brokers have told us there is growing demand for multi-unit holiday let solutions. Holiday lets remain an important part of the buy to let landscape, and intermediaries are asking for more flexibility to support clients investing in larger, more complex properties.

“By broadening our range, we’re making it easier for brokers to place these cases with confidence and give their clients the options they need. We’ll continue to do that to ensure that our products evolve in line with landlords’ needs.”