Rates of its entire range of fixes were lowered by up to 0.20%
Specialist buy-to-let lender Keystone Property Finance has slashed the rates of its entire range of fixed rate mortgages by up to 20 basis points (bps) – the second time it has made rate cuts this year.
The lender has lowered the rates on every product in its standard range by 20bps, and all of the offerings in its specialist, expat, and holiday let ranges by 15bps, 10 bps, and 20bps respectively.
With the latest rate reductions, Keystone’s lowest rate is now a 5.64% five-year fix, which is available on standard properties, up to 65% loan-to-value (LTV) and for a 4% arrangement fee.
The buy-to-let lender also has a range of five-year fixes that come with a 3% arrangement fee and a slightly higher rate. These now start at 5.89% following the rate cuts.
⭐ Product Update ⭐
— Keystone Property Finance (@KeystonePF) January 18, 2023
Would you like to borrow more with lower rates? ... We can help.
Take a look at our reduced fixed rates here: https://t.co/UYovv8oDMm pic.twitter.com/9TKOad5LNL
The following is the list of Keystone’s lowest rates in each of its current product ranges:
- Five-year fix at 65% LTV standard product, now at 5.64%
- Five-year fix at 75% LTV standard product, now at 5.74%
- Five-year fix at 65% LTV specialist product, now at 5.89%
- Five-year fix at 75% LTV specialist product, now at 5.99%
- Five-year fix at 65% LTV standard expat product, now at 5.99%
- Five-year fix at 75% LTV standard expat product, now at 6.09%
- Five-year fix at 65% LTV specialist expat product, now at 6.19%
- Five-year fix at 75% LTV specialist expat product, now at 6.29%
- Five-year fix at 65% LTV holiday let product, now at 6.09%
- Five-year fix at 75% LTV holiday let product, now at 6.19%
The lender said it will continue to allow any borrower who has completed on a variable rate loan since September to move on to selected fixed rate deals using its ‘switch & fix’ initiative.
“We really wanted to hit the ground running in 2023, and I think that we’ve proved that by cutting our fixed rate range not once, but twice so far this year,” Elise Coole (pictured), managing director at Keystone Property Finance, said.
“When conditions allow us to reduce our rates, we don’t wait around to pass those cost savings onto landlords, which is why we have been so active in the first three weeks of 2023. We are constantly keeping an eye on markets, and we will continue to make improvements, whether through rate reductions or criteria enhancements, wherever we possibly can.”
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