Keystone launches new specialist and expat mortgage products

Keystone Property Finance has enhanced its specialist and expat mortgage ranges with new rates starting from 4.34%.

The specialist range caters for first-time landlords purchasing HMOs and multi-units (MUFBs) with up to six rooms/units and up to 15 rooms/units for more experienced landlords.

The maximum LTV is 75% and there is a range of arrangement fee options, starting at 2.5% of the loan size.

A two-year fixed rate at 4.34% is available up to 65% LTV for experienced landlords purchasing or refinancing HMOs & MUFBs with 7-15 occupants/units.

For first-time landlords, two-year fixed rates start at 4.54% up to 65% LTV and five-year fixes start from 5.34%.

Like Keystone’s new specialist range, the expat suite of products has options for first-time landlords and more experienced landlords.

For experienced landlords purchasing or refinancing HMOs & MUFBs with 1-6 occupants/units, rates start from 4.64% for a two-year fix at 65% LTV and 5.74% for a five-year fix. For 7-15 occupants/units, two-year fixes start from 4.94% and five-year rates from 5.94%.

Elise Coole, managing director of Keystone, said: “These enhancements address a very real need in the market for expat and specialist buy-to-let 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.

“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.”