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Specialist BTL lender eases borrowing restrictions

Keystone Property Finance has relaxed its criteria around its buy-to-let proposition in a bid to help win more business from both portfolio and non-portfolio landlords.

The specialist buy-to-let lender has raised the maximum individual loan available from £750,000 to £1m on borrowing up to 65% loan-to-value (LTV), which is being offered to personal borrowers and those using a limited company.

It has also reduced the minimum applicant age from 25 to 21 and will now consider non-homeowners who own at least one buy-to-let property in the UK.


In addition, the minimum length of employment or self-employment in a particular role has been scrapped. Previously, applicants were expected to have at least one year’s track record.

Keystone has also broadened its remit on UK residency requirements. It will now accept skilled works on both Tier 1 and Tier 2 visas, whereas before, only individuals with permanent rights to reside in the UK would be considered.

A further change to criteria means high-rise blocks will be accepted on a case-by-case basis, depending on the number of storeys and the percentage of private ownership within the block.

David Whittaker, CEO of Keystone Property Finance, said that the changes have been made to show buy-to-let investors that they are “open for business” despite the new PRA guidelines, which had not altered its “lending appetite”.


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