Keystone to boost lending volumes with new funding line
The buy-to-let lender says the deal will enable it to support a wider range of borrowers and accelerate its digital roadmap.
Keystone Property Finance has secured a new funding line that will help it to boost its lending volumes.
The new funding line is provided by an international investment bank and is in addition to the two long-standing funding partnerships already in place.
Keystone says the deal is a sign of confidence in its lending proposition as well as the wider buy-to-let market, and gives it the ability to support a broader range of borrowers.
Beyond increasing capacity, the capital will accelerate Keystone’s digital roadmap and drive further operational efficiencies.
David Whittaker, CEO at Keystone Property Finance, said: “This new funding line marks a pivotal moment for us as a lender and is a clear vote of confidence not just in our business model, but also the long-term future of the buy-to-let market.
“With this additional capacity, we will not only be able to significantly scale our lending volumes but also support a much broader range of landlords in obtaining the finance they need.
“It will also allow us to accelerate our digital roadmap and further streamline our processes. This means we will be able to provide an even slicker service to brokers, helping us to cement our place as a leading lender in the specialist buy-to-let market.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC