Keystone Property Finance joins mortgage panel of First Complete and Pink
Appointed Representatives of the First Complete and Pink networks can now access specialist buy-to-let lending brand, Keystone Property Finance.
Aimed at investors with typically more complex borrowing requirements, Keystone accepts applications from portfolio landlords and investors with fewer properties including those who are just starting out in residential property investment.
All products in the Classic Range are available to individuals and limited companies, and unlike most lenders, Keystone accepts both Special Purpose Vehicle (SPV) companies and trading businesses without taking a fixed and floating charge.
Commenting on the partnership, Phil Riches, head of sales at Keystone said:
“We are confident that our Classic Range will be of particular help to ARs who need to place complex buy-to-let deals. We will lend on non-standard properties including HMOs with up to eight bedrooms, blocks of flats with up to 10 separate units, flats above commercial property and ex-local authority houses.
“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:
“We’re delighted to have Keystone Property Finance join the First Complete and Pink panels. Since the introduction of the latest PRA rules on buy-to-let
lending, it’s more important than ever that we provide our ARs with products suitable for buy-to-let landlords with complex cases.
“Thanks to Keystone’s flexible approach towards lending to landlords, we are sure this will be a very popular addition to our panels.”