Keystone Property Finance has expanded its renovation and rental range by introducing higher Loan-to-Value (LTV) products.
The specialist buy-to-let lender has added two new short-term products, increasing the maximum LTV available on loans between £100,000 and £1 million. Rolled options are now available up to 70% LTV, while serviced options increase to 75% LTV.
Rates for refurbishing products continue to start from 0.85% per month, with a maximum term of six months. Landlords can choose between rolled interest, deferred until the end of the term, or fixed interest paid monthly. There are no exit fees or early repayment fees.
The range was launched in April 2025 to meet the growing demand for short-term renovation financing, supporting work such as property upgrades and conversions to care homes with up to six residents.
Once completed, borrowers can then switch to Keystone’s Refurb Exit Fixed Rate products, with rates starting from 4.44%, or pay off the short-term loan.
The Refurb Exit range is available in two and five year fixed rates and offers additional loans up to 80% LTV, subject to acceptance and a free revaluation.
Keystone pays a 1% proxy fee for Refurb to Let products and brokers receive an additional 0.55% proxy fee when customers switch to a flat Refurb Exit rate.
In response, the director of Keystone Property Finance says Elise Coole said: “Since the launch of our Refurb to Let range last April, we have seen continued strong demand from agents supporting landlords with light renovation projects. There is a clear need for short-term financing that provides an easy route to longer-term financing.
“By expanding reach and increasing LTVs on loans up to £1 million, we are purposefully increasing access to renovation finance. This will give more landlords the opportunity to take on smaller-scale projects or convert properties into healthcare organisations.”