Keystone Property Finance has expanded its refurb-to-let range with the launch of higher loan-to-value (LTV) products, widening access to light refurbishment finance for landlords.
The specialist buy-to-let lender has introduced two new short-term products for loans between £100,000 and £1 million. Rolled-up interest options are now available up to 70% LTV, while serviced interest products increase 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, which is deferred until the end of the term, or serviced interest paid monthly. The products carry no exit fees or early repayment charges.
Key features of the expanded range include:
loans from £100,000 to £1m
maximum LTVs of 70% for rolled-up interest and 75% for serviced interest
terms of up to six months with no early repayment charges
Keystone launched the refurb-to-let range in April 2025 to address rising demand for short-term refurbishment finance. The products support projects such as property upgrades and conversions to houses in multiple occupation with up to six occupants.
Once works are completed, borrowers can switch onto Keystone’s refurb-exit fixed-rate products, with rates starting from 4.44%, or redeem the short-term loan in full.
The refurb-exit range is available on two and five-year fixed rates and allows additional borrowing of up to 80% LTV, subject to underwriting and a free revaluation.
Keystone pays brokers a 1% procuration fee on refurb-to-let products. An additional 0.55% procuration fee is available where clients move onto a refurb-exit fixed rate.
“Since launching our refurb-to-let range last April, we’ve seen consistently strong demand from brokers supporting landlords with light refurbishment projects,” said Elise Coole (pictured). “There is a clear appetite for short-term funding that offers a straightforward route to 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.”
The lender said the changes aim to give brokers greater flexibility when placing refurbishment cases and to support landlords looking to improve or reposition properties before moving onto longer-term funding.
