Keystone Property Finance Expands Holiday Let Options to Include Multi-Units

How Keystone Property Finance is Shaping the Holiday Let Market

In a notable shift within the property finance sector, Keystone Property Finance has expanded its holiday let offerings to include multi-unit properties, catering to a growing demand in the short-term rental market. This strategic move indicates a significant response to brokers' feedback, highlighting an increasing interest from investors in larger, more complex properties in the holiday rental landscape.

Understanding the New Offerings

The new range from Keystone allows financing for properties comprising up to six units, thereby enabling holiday let investors to tap into the lucrative market of multi-unit rentals. Two distinct five-year fixed-rate products have been launched, one with a 5.5% arrangement fee priced at an appealing 5.89% and another with a lower arrangement fee of 2.5% rated at 6.44%. This flexibility and broadening of options are essential for brokers who aim to meet their clients' diverse needs in a fluctuating economic environment.

The Impact of Broker Feedback

Elise Coole, Managing Director of Keystone Property Finance, stated, “Brokers have indicated a growing demand for multi-unit holiday let solutions. By enhancing our product range, we aim to provide brokers with the confidence to support clients looking to invest in these more complex rental options.” This insight into the relationship between brokers and lenders underscores the importance of adapting to market trends and client needs.

Trends in the Short-Term Rental Market

The trends within the short-term rental market echo broader shifts in consumer behavior, with a noticeable contraction in the average homebuyer search radius. This could suggest a rising trend of individuals seeking unique rental experiences and investment opportunities, especially as traditional rental models evolve. Brokers and financial institutions that recognize and adapt to these trends will be integral in shaping the interaction between landlords and the market.

Conclusion: The Future of Multi-Unit Rental Financing

Keystone Property Finance's expansion into multi-unit holiday lets is more than just an increase in product offerings—it’s a timely response to market demands, indicative of an evolving sector. Financial institutions and brokers must continue to innovate to keep pace with changing consumer preferences. By staying informed and adapting their strategies, they can better serve their clients in this dynamic environment.