Keystone Property Finance enters semi-commercial mortgage market

Keystone Property Finance has expanded its lending proposition into the semi-commercial market with rates starting from 7.14%. Landlords can choose from two- and five-year fixed rates available for both purchase and remortgage cases up to a maximum loan size of £2m. Lending covers the entire property and affordability is assessed solely on the residential rental income. Keystone’s semi-commercial products…

Raise bank equity or keep rolling the dice

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a senior fellow of the Hoover Institution and a professor of finance at Stanford Graduate School of BusinessThe latest disclosures from Arizona’s Western Alliance Bank and Utah’s Zions Bank aren’t “one-off cockroaches”. They’re a tell. When regional lenders surface…

Keystone Property Finance makes raft of criteria changes to ‘speed up applications and save brokers time’

Keystone Property Finance has increased maximum loan sizes and maximum portfolio sizes, changed tax return requirements for the self-employed, added title insurance for remortgages and introduced automatic valuation models (AVMs) to product transfers. The specialist buy-to-let (BTL) lender’s maximum loan size has gone up from £2.5m to £3m and the maximum portfolio loan size has increased from £5m to…

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What to Watch

China’s Property Slump and Debt Crisis Deepen, Hitting Construction Jobs

China’s prolonged property downturn and mounting local government debt are squeezing construction projects, straining state-backed financing companies, and fueling a wave of job losses across the engineering and design industries.Local governments, which…

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