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:
This week's biggest stories:
Iress
Iress announces major upgrade to Xplan Mortgage platform
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
Lloyds
Lloyds partners with Connells and LMS to launch fully digital homebuying journey
FCA
FCA sued over compensation scheme that 'significantly underestimates harm'
FCA
FCA announces changes to streamline senior managers regime
Bank Of England
Bank of England holds interest rates at 3.75% in 8-1 vote