After successfully launching its New Classic Range at the beginning of July, Keystone has made its first three formal offers.
The first of these offers was for an existing Keystone client, who was looking to remortgage through his SPV limited company.
Although this particular client did not own his own home, his experience within the buy to let sector deemed him acceptable for a buy to let mortgage with Keystone.
The application was received on the 2nd of July and after a valuation on the 16th a formal offer was made four days later.
The next deal came in on the 3rd of July from Curchods Mortgage Services for an investor in their late 70’s, who was looking to remortgage a two bed flat above a restaurant.
A seven year term was agreed by Keystone at 65% LTV and a formal offer was made on the 22nd of July.
Commenting on the deal, Max Gibson at Curchods Mortgage Services said:
“It can often be a real challenge to place a case for the older investor, especially where the more complex property types are concerned. Fortunately Keystone’s New Classic Range has been designed with flexibility in mind and offers real solutions for landlords struggling to secure buy to let finance.
Keystone has really helped me out and are always a pleasure to work with, so I would highly recommend their services”
The most recent case to be offered came in via Planit Mortgages Limited.
This particular case was also for an investor in their 70’s who was looking to remortgage a small one-bed flat.
The valuation went through without a hitch and a formal offer was made within 12 working days.
Commenting on the deal, Anthony Peters at Planit Mortgages said:
“Keystone’s New Classic Range really is a welcome addition to the buy to let market. It is rare to find a lender that offers such flexible lending criteria, coupled with competitive rates.
It took 15 months to find a deal for my client and Keystone were there to the rescue.
They are lifesavers. My client is over the moon. You don’t realise how satisfying it is to have a lender who listens to real life problems and has a solution instead of saying ‘Can’t help. Your client doesn’t fit our criteria.
…..and they are so friendly too!
They have exceeded my expectations and I would be more than happy to recommend their services to any other brokers looking for buy to let finance”
Commenting on the transactions, David Whittaker, managing director at Keystone Buy to Let Mortgages said:
“The variation between the deals really does showcase Keystone’s flexible lending criteria. We are thrilled with how the launch of the New Classic Range has gone and are expecting many more offers in the coming weeks."