Mortgages for Business and Aldermore Commercial Mortgages have launched Keystone Buy to Let Mortgages, a new buy-to-let mortgage funding line for professional property investors.
Mortgages for Business has teamed up with Aldermore Commercial Mortgages to develop an exclusive mortgage product range for professional landlords and property investors interested in securing both vanilla and complex buy-to-let loans.
The funding will be provided by Aldermore Commercial Mortgages while the whole application process will be carried out exclusively by Mortgages for Business.
The product range is aimed at both individual and limited company investors who already own at least one residential investment property. The range includes a selection of fixed and discounted rate buy-to-let mortgages for vanilla, HMO and multi-unit property.
David Whittaker, managing director of Mortgages for Business, says: “Over the last few years it’s been increasingly difficult for professional landlords with decent sized portfolios to secure funds for medium-sized loans.
“This has not only inhibited their ability to purchase vanilla buy-to-let property but also means they struggle to find finance for more complex deals such as HMOs or multi-unit properties and to make acquisitions in limited company vehicles. Given the importance of the private rental sector as a safety net to the housing market this gap in the market needed filling.”