Rates now start at 5.84%
Specialist buy-to-let lender Keystone Property Finance has reduced the rates on the entire range of its fixed rate mortgages by 25 basis points, with rates now starting at 5.84%.
The reductions, which take effect from January 10, apply to all of the lender’s 65% and 75% loan-to-value (LTV) five-year fixed rates and to all property types, including standard, houses in multiple occupation and multi-unit properties. The fixed rate range also includes 3% and 4% arrangement fee options.
The lender also continues 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’ offering.
The full product details reflecting the latest rate reductions can be viewed on Keystone’s fixed rate product guide available online.
Elise Coole (pictured), managing director at Keystone Property Finance, said they were delighted to provide landlords with cost savings on their mortgage finance at this challenging time.
“Following these reductions, landlords can now obtain finance from Keystone at sub-6% rates of interest, which we are sure will be welcomed in the current climate,” Coole stated. “When planning these cuts, we were mindful of the fact that we wanted to treat all of our borrowers the same, which is why the reductions apply to all products and property types.
“These rate changes put on a very competitive footing in the specialist end of the market, and we will continue to look for ways to ensure that brokers and landlords have no need to look elsewhere to satisfy their financing needs.”
The buy-to-let lender reintroduced a number of five-year fixed rate mortgages to its product range last November.
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