The cuts apply across the lender’s buy-to-let, product transfer, PT Plus and Refurb to Let ranges.
Keystone Property Finance has reduced rates by 0.10% across almost its entire product range.
The cuts apply across the specialist buy-to-let (BTL) lender’s buy-to-let, product transfer, PT Plus and Refurb to Let ranges.
Following the reductions, Keystone’s standard buy-to-let rates now start from 3.39% at 65% loan-to-value (LTV), while expat products begin at 4.99%.
Holiday let rates start from 5.69%, with product transfer, PT Plus and Refurb to Let Exit products all starting from 5.04% at 65% LTV.
The latest changes follow a series of recent enhancements to Keystone’s proposition, including simplified product guides, the launch of special edition products for house in multiple occupation (HMO) and multi-unit freehold block (MUFB) cases, the introduction of a new 5% arrangement fee tier and updated criteria allowing up to 20 occupants or units for HMOs and MUFBs.
Elise Coole (pictured), managing director at Keystone Property Finance, said: “We are always watching the market closely and when opportunities arise, we move quickly to pass those savings on to brokers and their clients.
“That is exactly what has happened in the past few days, allowing us to reduce rates by 10 basis points across nearly every product in our range.
“With mortgage rates having experienced upward pressure over the past month, we want brokers to know that we remain committed to offering competitive products that reflect the market conditions at that time.
“That responsiveness is something brokers and borrowers value and it will remain a key focus for us.”
