February 2025 Newsletter
February marks chapter 2 of 12 for 2025 and it has flown by already. At the beginning of the month, we saw a reduction in the Bank of England's Base Rate (BBR). However, SWAP rates have continued to fluctuate due to the new inflation figures and the impact of the new U.S. president's agenda.
Brokers and landlords are preparing for the new stamp duty tier that will take effect on April 1st. We’ve also seen some local authorities bringing in more Selective licensing schemes for properties since the government relaxed rules at the end of last year. You can read more about this and what it means for landlords in our latest article for The Intermediary here.
1.???? Not only were we able to reduce our rates this month but we also launched our brand-new Cashback range for new applications.
?? Up to ￡3,500 in cashback upon completion
?? 2 & 5 year fixed rates available
?? Available on standard properties, HMOs and Multi-Units with up to 6 occupants/units
?? Multiple arrangement fees available?
Available for a limited time only, view them here.
2.???? Are your clients aware of the new Stamp Duty Land Tax changes?
From April the 1st the Stamp Duty Land Tax threshold will change and a 2% rate for all properties with a purchase price between ￡125,001 and ￡250,000 will be introduced. This coupled with the increase in the second home surcharge means landlords' upfront costs will be even higher.?
If your client is looking to push a case through before the implementation of this new threshold, then they will need to ensure the case is completed on or before the 31st March 2025.
Read our helpful tips to make sure your case submissions progress smoothly here. ?
3.?? The love has been in the air this month, and we have been finding the perfect match for your landlord clients ??. Whether you’re working with individuals, Trading Ltd Companies, SPVs or LLPs our expertise in complex corporate structures means you can say yes to more cases.
? Individuals, Trading Ltd Co, SPVs and LLPs
? Maximum loan for 75% LTV is ￡1.5m
? Self-employed ex-pats now accepted (must have 2 BTLs and can show income from current business)
? HMOs and Multi-Units up to 15 occupants/units
Download our lending criteria overview here.
If you have any questions or need help placing a case then get in touch with our team today by calling 0345 148 9086, sending an email to [email protected] or chatting with us online.
Speak soon.
Keystone Property Finance
For intermediaries only