Keystone increases max loan size in criteria revamp

Keystone increases max loan size in criteria revamp

Specialist buy-to-let lender Keystone Property Finance has made a series of criteria enhancements aimed at helping both portfolio and non-portfolio landlords.

The maximum individual loan available has been increased from £750,000 to £1m on borrowing up to 65% LTV.

The increase has been introduced to help a growing number of landlords who are looking to secure larger loans, particularly on more expensive property. The larger loan amount is available to landlords borrowing both personally and via a limited company.


When assessing landlords’ suitability, Keystone will now accept applications from borrowers aged 21 years, down from 25 years previously. Non-home-owners will also be considered although they must own at least one buy-to-let property in the UK.

Further, the minimum length of employment or self-employment in a particular role has been scrapped. Previously, applicants were expected to have at least one year’s track record.

Sticking with individuals, Keystone has broadened its remit on UK residency requirements. It will now accept skilled works on both Tier 1 and Tier 2 visas, whereas before, only individuals with permanent rights to reside in the UK would be considered.

From a property perspective, flats in high rise blocks will be accepted on a case by case basis, depending on the number of storeys and the percentage of private ownership within the block.

David Whittaker, CEO of Keystone Property Finance, said: “We wanted to show both portfolio and non-portfolio landlords that we are open for business, and the new PRA guidelines will not alter our lending appetite."

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Latest Comments

Tony Gimple
Tony Gimple 09 Dec 2017

Linking professionalism to limited company borrowing is a flawed concept. Despite S24 etc., limited companies are the most tax inefficient way of running a property business and leave borrowers seriously...

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

It's normal. If you plan to buy a house in one of the most beautiful spots in the country you should pay a high price.

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

I think that the situation will be the same at December.

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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