Rates were cut by up to 0.30%
Specialist buy-to-let lender Keystone Property Finance has reduced its rates on all five-year fixed rate products in its classic range by up to 30 percentage points.
The lender said the lowest five-year fixed rate in the range now starts at 4.94% and is available to landlords with standard properties. It is available up to 75% loan-to-value (LTV) and has a 4.5% arrangement fee.
It added that the biggest reductions are in the lender’s specialist range, with two of its 4.5% fee products cut by 30 percentage points. They are now priced at 5.04% and 5.14% at 65% and 75% LTV respectively.
Take advantage of our lower rates👀
— Keystone Property Finance (@KeystonePF) April 14, 2023
Today we reduced our 5-year rates on our popular Classic range by up to 0.30%. Available at 75% and 65% LTV with an array of arrangement fee options our 5-year fixed rates now start from 4.94%
Take a look here - https://t.co/qys0dYuQ5A#BTL pic.twitter.com/6gKTmKJhra
Just last month, the buy-to-let lender announced major reductions to its classic range of two-year fixed rate products. It lowered rates by up to 0.40% on its 4.5% fee products, while its 3.5% and 2.5% fee products were cut by 30 and 20 percentage points, respectively. It also launched an entirely new classic range for landlords purchasing or refinancing mainstream properties
“The promise we give to brokers is that we will always do our best to bring rates down quickly whenever the opportunities arise,” Elise Coole (pictured), managing director at Keystone Property Finance, said. “After making changes to our classic two-year fixed rate pricing, we were eager to extend this to our five-year fixed rate products and are pleased that we have been able to do that so soon.
“We created our new two-tier offering of classic and specialist products to make it as easy and straightforward for brokers and their clients as possible. As well as enhancing the customer experience, we are also committed to offering the most competitive rates to landlords when market conditions allow.”
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