The lender has also revealed it will be refreshing its buy-to-let and bridging offerings.
The commercial mortgage range has been designed for both investors and business owner-occupiers who are looking to purchase a wide range of sectors with rates starting at 7.99% up to 70% LTV.
The auction finance range, meanwhile, will include a ‘valuation bypass scheme’, which will facilitate speedier completions and borrowers can choose between three-, six-, nine- and 12-month rates starting from 0.75% pcm up to 70% LTV.
Keystone has also refreshed its short-term finance range to include rates for commercial property starting at 1.15% per month to 70% LTV, while rates for residential property have been reduced and now start at 0.75%, down from 0.85%.
The minimum loan size has also been reduced to £30,000 from £50,000, while the Solutions Range, which offers finance for BTL property, now offers both interest-only and capital and interest terms, with rates also being reduced to 7.16% to 75% LTV.
Steve Olejnik, Sales Director of Mortgages for Business and Keystone, said these new products were an exciting addition and came as 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.”
Leave a comment