The change applies to all applications submitted from 1st February 2015 onwards.
Additionally, loan offers from the Solutions Range can now be turned around within one week from instructing solicitors.
David Whittaker, managing director of Keystone Buy to Let Mortgages, said:
“We’ve worked extremely hard with our funding partners, Lancashire Mortgage Corporation, to get the application processing right and believe we have implemented a very slick workflow. We can already offer within 48 hours of receiving a case and valuations are then carried out within a few days. We are now confident that, if required, we could complete an application and draw down funds within a week of instructing solicitors.
“As an intermediary only lender, the feedback from brokers has been extremely positive too, not only because we can help on the credit repair angle but also because we can find a home for non-standard properties and borrowers looking for finance in a limited company capacity. We’ve also just upped our proc fee from 0.75% to 1% on all completed loans in the range.”
