Keystone’s BTL contract with Aldermore ends
Keystone’s funding contract with Aldermore Bank has ended after originating close to £200m in loans over three years.
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From tomorrow, a Loyalty Range, funded by Aldermore, will be offered exclusively to existing Keystone customers who are nearing the end of their initial rate.
Keystone will continue to offer buy to let mortgages via its Solutions Range, funded by Lancashire Mortgage Corporation.
A new funding partner for a new Classic Range will be announced on Wednesday 1st July.
David Whittaker, managing director of Mortgages for Business, which owns the Keystone brand, said:
“It’s been a really exciting venture which would not have been realised had it not been for the vision and determination of Rob Lankey, former MD of the Commercial Mortgages division at Aldermore. We are deeply grateful to him, David Stiff and their colleagues for such commitment to the project.”
Charles Haresnape, MD, Mortgages and Commercial Lending at Aldermore, said:
“We are grateful to David and his team for supporting us with the Keystone venture and wish them all the best for the future.”
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