Landlords can borrow against auction purchases, refinances and refurbishment projects and the range includes products starting from 0.85% per month for loans between £50,000 and £1m.
Lancashire Mortgage Corporation is providing funding for the bridging range, which prices products according to credit profile. Rates for prime borrowers and those with light-medium and medium-heavy adverse credit are included, with lending available up to 70% loan-to-value (LTV) as standard and up to 75% LTV by referral.
There is no price difference on loans for individuals and limited company applicants.
David Whittaker, managing director of Keystone (pictured), said: “Lending decisions can be made within hours if needed and funds can be released in five working days or less. There are no exit fees and brokers will be paid a proc fee of 0.5% of the loan amount on the day of completion.
“Fees and costs to the borrower have been kept as low as possible. The facility fee is 2% of the loan amount with a one-off assessment fee of £199. Valuation and legal costs are the same as for products within the Solutions Range.”
