A new funding line will help Keystone Property Finance significantly boost its lending volumes.
The line is provided by an international investment bank and is in addition to the two long-standing funding partnerships.
The deal is described as a sign of confidence in the buy to let market, and allows the lender to support a broader range of borrowers.
Beyond increasing capacity, the capital will assist:
- a technology partnership with valuation panel management firm Method to streamline the valuation process for Keystone’s brokers and their landlord clients, including on more complex cases such as HMOs and MUFBs;
- a strategic partnership with LMS, expanding Keystone’s panel of vetted solicitors for both limited company and personal name applications;
- the implementation of an AI-powered document labelling solution to help reduce the administrative burden on brokers and speed up offer times.
Chief executive David Whittaker says: “With this additional capacity, we will not only be able to significantly scale our lending volumes but also support a much broader range of landlords in obtaining the finance they need.
“It will also allow us to accelerate our digital roadmap and further streamline our processes.
“This means we will be able to provide an even slicker service to brokers, helping us to cement our place as a leading lender in the specialist buy to let market.”
