Keystone has launched a commercial owner-occupier range for business owners looking to purchase or remortgage work premises.
There is a three-year fix at 4.89 per cent and a five-year fix at 5.69 per cent, both of which are available to 80 per cent LTV, which includes a personal guarantee. Up to 70 per cent LTV is available without a guarantee.
Loans are available from £250,000 to £750,000 with arrangement fees set at 2 per cent.
The range is being financed by Secure Trust Bank.
Keystone managing director David Whittaker says: “We have a long term plan to move into other areas of property finance and when we put the commercial owner-occupier proposition to the Secure Trust Bank team their response was extremely positive. They already have a strong presence in this sector and we’re delighted to have been allocated a special tranche of funds.”
The range has been designed for business owners who have been trading successfully for three or more years, including sole-traders, partnerships and limited companies. Acceptable property types include offices, retail and industrial units, factories and warehouses.