Business owners looking to purchase or remortgage work premises will have access to a three-year fixed rate at 4.89% and a five-year fixed rate at 5.69%, both offered up to 80% loan-to-value (LTV) including a 10% personal guarantee.
Up to 70% LTV is available without a personal guarantee and loans are available from £250,000 to £750,000 with arrangement fees set at 2%.
Eligible borrowers include sole traders, partnerships and limited companies. Properties accepted on the loans are offices, retail and industrial units and modern factories and warehouses.
The range is being financed by Secure Trust Bank which has allocated a limited tranche of funds until the end of the year.
Applications must be submitted by 31 October with funds drawn down by 31 December.
David Whittaker, managing director of Keystone (pictured), said: “We have a long-term plan to move into other areas of property finance and when we put the commercial owner-occupier proposition to the Secure Trust Bank team their response was extremely positive. They already have a strong presence in this sector and we’re delighted to have been allocated a special tranche of funds.”
