Keystone Property Finance Product Transfer Plus for Landlords

Over the last few years, one of the most prominent market trends has been the steady rise in product transfers (PT). Within the BTL market, PTs rose by over 8% across the last two years, according to UK Finance data.

This naturally leads to an important question: what factors are motivating borrowers to favour product transfers over traditional remortgaging?

Firstly, a product transfer allows landlords to move onto a new fixed rate without the hassle of a full application process. The advantages are both financial and practical.

For landlords, the benefits are evident:

• Shorter processing times and minimal documentation requirements
• Reduced overall costs, with no legal or valuation fees
• Consistent service through the existing lender

The main limitation of a PT is that it is a pound‑for‑pound transaction, meaning borrowers cannot increase their borrowing even if they wish to. This presents a challenge for landlords seeking to raise capital against their portfolios to fund further properties.

Traditionally, a landlord looking to raise capital has had only two options: remortgage or apply for a second‑charge loan. In response to this gap, a small number of lenders have introduced solutions that allow customers to complete a product transfer with additional borrowing. This enables borrowers to secure a new fixed rate while simultaneously increasing their loan amount.

Keystone is among the few specialist lenders offering such a solution through our Product Transfer Plus range (PT Plus). The PT Plus range mirrors our existing PT offering but includes the option to borrow additional funds.

It is available to both individual landlords and those borrowing through corporate structures, making it suitable for any existing client.

Keystone’s PT & PT Plus ranges offer:

• No application fees
• Free valuation
• Multiple arrangement fees
• Procuration fee of up to 0.55%