Keystone Property Finance enters semi-commercial lending market

Keystone Property Finance has expanded its specialist proposition by launching into semi-commercial lending for the first time.

The new range means that the specialist buy-to-let lender now lends on properties comprising both commercial and residential elements.

The move follows the introduction of Keystone’s first refurb-to-let product range last year.

Within the new semi-commercial range, landlords can choose from a range of two and five-year fixed rates with rates starting at 7.14%. The products are available for both purchase and remortgage cases.

The maximum loan size is £2 million, with lending covering the entire property and affordability assessed solely on the residential rental income.

Keystone’s semi-commercial products are available across a wide range of property types, including standard units, HMOs, multi-unit freehold blocks (MUFBs), and holiday lets. Lending is open to limited companies, trading limited companies, SPVs, LLPs, and individual borrowers.

Elise Coole (pictured), managing director at Keystone Property Finance, said: “This is a really exciting expansion for Keystone. We already have one of the most comprehensive product ranges in the specialist buy-to-let market, but we're always in dialogue with brokers about where the gaps are. 

“What we've heard consistently is that landlords are increasingly looking beyond traditional buy-to-let in search of stronger yields and greater diversification, yet semi-commercial remains underserved by lenders relative to the demand that's out there.

"That's why, over the past twelve months, we've made two significant moves into new segments – first refurb-to-let and now semi-commercial. Both have been driven by clear, broker-led demand and reflect our commitment to expanding where brokers genuinely need more support.

"This is a natural progression for Keystone and we're proud to offer brokers another option in this space. As with our core buy-to-let range, brokers can expect from us the sort of straightforward, common sense underwriting they need to place cases with confidence.”