Keystone Property Finance has expanded its Refurb to Let range by introducing higher loan-to-value (LTV) products, making light refurbishment finance more accessible to landlords.
The specialist buy to let lender has added two new short-term products, increasing the maximum LTV available on loans between £100,000 and £1m. Rolled up options are now available up to 70% LTV, while serviced options rise to 75% LTV.
Rates on Refurb to Let products continue to start from 0.85% per month, with a maximum term of six months. Landlords can choose between rolled up interest, deferred until the end of the term, or serviced interest that is paid monthly. There are no exit fees or early repayment charges.
Launched in April 2025 to meet growing demand for short-term refurbishment finance, the range supports work such as property upgrades and conversions to HMOs with up to six occupants.
Upon completion, borrowers can then switch onto Keystone’s Refurb Exit Fixed Rate products, with rates starting from 4.44%, or redeem the short-term loan.
The Refurb Exit range is available on two and five-year fixed rates and offers additional borrowing of up to 80% LTV, subject to underwriting and a free revaluation.
Keystone pays a 1% procuration fee on Refurb to Let products and brokers receive an additional 0.55% procuration fee where clients proceed onto a Refurb Exit fixed rate.
Elise Coole, Managing Director of Keystone Property Finance, said: “Since launching our Refurb to Let range last April, we’ve seen consistently strong demand from brokers supporting landlords with light refurbishment projects. There is clear appetite for short-term funding that offers a straightforward route onto longer-term finance.
“By expanding the range and increasing LTVs on loans up to £1m, we’re purposely widening access to refurb finance. This gives more landlords the ability to take on smaller-scale projects or convert properties into HMOs.
“This enhancement reflects both the success of the original launch and our wider growth strategy. By expanding our short-term offering, we’re reinforcing our end-to-end proposition and further strengthening Keystone’s position in the specialist buy to let market.”
