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Aldermore to stop Classic funding line for Keystone

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  • 30/06/2015
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Aldermore to stop Classic funding line for Keystone
Aldermore's agreement with Keystone Buy to Let to provide funding for its Classic range has ended following a three-year partnership bringing £200m of lending.

The Classic range is available for standard buy to lets, multi-units and HMO properties for loan sizes up to £400,000 at 80% loan-to-value (LTV) and £600,000 up to 75% LTV.

A loyalty range exclusively for Keystone customers who are nearing the end of their initial rate will be funded by Aldermore from tomorrow 1 July.

A new funding partner for its Classic range will be announced by Keystone tomorrow.

David Whittaker, managing director of Mortgages for Business which owns the Keystone lending 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.”

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