Keystone Property Finance has introduced ranges for auction purchases and commercial property.
The auction range includes a ‘valuation bypass scheme’, which helps speed up completions, and borrowers can chose between three-, six-, nine- and 12-month rates starting at 0.75 per cent a month up to 70 per cent LTV.
The commercial range has rates starting from 7.99 per cent up to 70 per cent LTV. Lending will be based primarily upon the 180-day market value, although 90-day valuations will be used for borrowers with ‘medium’ levels of adverse credit.
Keystone sales director Steve Olejnik says: “These new products are an exciting addition to the Keystone suite and are a direct response to investor feedback. I am particularly pleased to announce the introduction of short and medium term solutions for difficult to place commercial transactions.
“We will continue to offer solutions to both individuals and limited companies, including those with impaired credit and non-standard construction types.”