View more on these topics

Keystone to accept FTBs and trading Ltd companies

Estate-Agent-To-Let-Buy-Sign-700.jpg

Keystone Buy to Let Mortgages has widened its Classic Range lending criteria to include first-time landlords and trading limited companies.

The lender says it made the changes after calls from brokers and investors to make the tweaks.

Keystone managing director David Whittaker says: “We hope that the introduction of lending to trading companies will help keep costs down for those affected by the Government’s proposed tax relief restrictions.”

Many lenders deal with special purpose vehicle limited companies, corporate structures which are designed to hold property but do nothing else, but few will cater to trading limited firms due to the tougher underwriting needed.

A Keystone statement released today urged brokers to file any Classic Range applications before 1 April to avoid higher stamp duty.

Recommended

1

Countrywide hires corporate relationship director

Countrywide has appointed Scott Burman as corporate relationship director. Burman joined the new firm yesterday from Lloyds Banking Group, where he was national housing development manager. He will join Sally Young as one of two corporate relationship directors in Countrywide’s corporate business team. Burman says: “I am delighted to be joining Countrywide at the start of […]

Moore-Jonathan

Dudley BS scraps maximum age limits

Dudley Building Society has removed all upper age restrictions across its product range. Previously, the society’s maximum lending age was 75. Dudley head of credit Jonathan Moore says the society made the change as it believes “cases from older borrowers offer no more risk than younger ones”. He adds: “For too long, older borrowers have […]

Home-House-Monopoly-Money-Property-700x450.jpg

Nationwide to cut 95% range by up to 40bps

Nationwide will cut rates on its 95 per cent LTV fixed rate mortgages by up to 40 basis points from tomorrow. Rates for the lender’s two-year fixes will be cut by 35 basis points. From tomorrow it will offer a 3.89 per cent product with a £999 fee and a 4.29 per cent product with no […]