Keystone Property Finance has secured a new funding line that it said will help it to “significantly” boost its lending volumes.
The new funding line was provided by an international investment bank and comes in addition to two long-standing funding partnerships already in place.
The name of the bank and the amount of the funding line were not disclosed by Keystone.
Beyond increasing ability to support a broader range of borrowers, the capital will be used to accelerate Keystone’s digital roadmap and drive further operational efficiencies, according to the firm.
The news comes after the lender announced it was cutting rates across almost its entire product range late last year.
“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 BTL market,” said David Whittaker, CEO at Keystone Property Finance (pictured above).
The funding line will allow the firm to “significantly” scale its lending volumes, and support a wider range of landlords, David said.
“It will also allow us to accelerate our digital roadmap and further streamline our processes,” he added.
“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 BTL market.”
