Keystone BTL reduces rates for limited companies
Keystone Buy to Let Mortgages has reduced its rates for limited company applications for the second time in just two months.
Commenting on this latest rate reduction David Whittaker, managing director of Keystone said:
“For some time now, the number of landlords using limited companies to finance their rental properties has been increasing steadily. So when Aldermore, which funds the Keystone products, made an additional, restricted tranche of funds available to us, we knew exactly where it should be allocated.”
The reduction of 0.2% will be welcome news to brokers who have scant options when it comes to placing these limited company buy to let deals. The added advantage of Keystone is that it is one of the few lenders that accepts applications from trading limited companies as well as SPVs and LLPs.
The actual amount of funds available in the tranche hasn’t been announced, so brokers are urged to get their cases in sooner rather than later in order to take advantage of the rate reductions whilst they are available.
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