Its Auction Finance range is aimed at borrowers looking for money to purchase both residential and commercial property at auction. The range includes a ‘valuation bypass scheme’ and lending decisions can be made in a few hours with funds released within five days. Borrowers can choose between three, six, nine and 12-month rates starting from 0.75% pcm up to 70% LTV.
The Commercial Mortgage range has been designed for both investors and business owner-occupiers looking to purchase property across a variety of sectors including business, retail, leisure and industry. Rates start at 7.99% up to 70% LTV. Lending will be based primarily upon the 180 day market value, although 90 day valuations will be used for borrowers with medium levels of adverse credit.
Steve Olejnik, sales director of Mortgages for Business and Keystone, said: “These new products are an exciting addition to the Keystone suite and are 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.”
