Keystone Property Finance has secured a new funding line that will help it to significantly boost its lending volumes.
The new funding line is provided by a well-known international investment bank and is in addition to the two long-standing funding partnerships already in place.
The deal is a sign of confidence not only in Keystone’s lending proposition, but also the wider buy to let market, and gives the lender the ability to support a broader range of borrowers.
Beyond increasing capacity, the capital will accelerate Keystone’s digital roadmap and drive further operational efficiencies.
This has been a key focus of the buy to let lender over the past 12 months, with recent milestones including:
A new 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.
David Whittaker, Chief Executive Officer at Keystone Property Finance, said: “This new funding line marks a pivotal moment for us as a lender and is a clear vote of confidence not just in our business model, but also the long-term future of the buy to let market.
“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.”
