Keystone joins First Complete and Pink panel

Keystone specialises in lending to investors with complex borrowing requirements, including portfolio landlords as well as investors with fewer properties and those starting out in residential property investment.

All products in the Classic Range are available to individuals and limited companies, and there is no fixed and floating charge for Special Purpose Vehicle (SPV) companies and trading businesses.

Phil Riches, head of sales at Keystone, said: “We are confident that our Classic Range will be of particular help to appointed representatives who need to place complex buy to let deals.

“We will lend on non-standard properties including Houses in Multiple Occupation (HMOs) with up to eight bedrooms, blocks of flats with up to 10 separate units, flats above commercial property and ex-local authority houses.”

Riches added: “We also take a very common sense approach to underwriting and we try to make the process as streamlined as possible for brokers, particularly where portfolio landlord applications are concerned.

“We do not require a business plan or cash flow forecast in the first instance and we have a technical solution which converts clients’ portfolio spreadsheets into the correct format for underwriting. This saves brokers hours of valuable time and negates the need to rework documents or key in information by hand.”

Karen Hedges, mortgage manager at First Complete and Pink, said: “Since the introduction of the latest portfolio rules on buy-to-let lending, it’s more important than ever that we provide our appointed representatives with products suitable for buy-to-let landlords with complex cases.”