Keystone Property Finance has responded to investor feedback by introducing new ranges for auction purchases and commercial property.
The auction range includes a ‘valuation bypass scheme’, which helps speed up completions, and borrowers can chose between three-, six-, nine- and 12-month rates starting at 0.75% a month up to 70% loan-to-value (LTV).
The commercial range has rates starting from 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.
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