Keystone announces funding stream and product overhaul

by:
  • 10/09/2018
  • 0
Keystone announces funding stream and product overhaul
Keystone Property Finance has revealed a new funding partner and an overhaul of its broker service and product suite.

 

On Friday Keystone confirmed its funding contract with Paratus AMC, which resulted in the origination of nearly £200m in loans, had come to an end after three years.

The lender did not disclose who the partner is or how much it had available to lend, but confirmed it will continue to serve landlords with more complex borrowing requirements.

This will include those borrowing personally and through a variety of corporate structures including individuals, SPVs, LLPs and trading limited companies.

As part of the changes it has become a fully in-house lender and appointed Elise Coole as operations director along with an enlarged team of business development managers, underwriters and case managers.

Products in the overhauled range will start at 2.99% and include higher-yielding properties such as houses in multiple occupation and multi-units.

 

Broker platform

Keystone Property Finance CEO David Whittaker said: “The step up to full lender status corroborates our performance so far.

“Over the last six years we have successfully originated more than £400m of loans via intermediaries, networks and mortgage clubs and we have made a name for ourselves as true specialists willing to go the extra mile.”

It will also launch a new technology portal for brokers called MyKeystone which is integrated with the Buy to Let Hub.

“As the buy to let market realigns to the new tax and regulatory landscape, it is important that as a lender Keystone provides products and systems to enable brokers to support their landlords through this period of change,” Whittaker said.

 

 

 

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
Incentive to switch products hits 10-year high as SVRs rise – Moneyfacts

Borrowers coming to the end of a two-year fixed rate will have the biggest incentive to switch in ten years,...

Close