It also introduces two new 7% arrangement fee products
Specialist buy-to-let lender Keystone Property Finance has slashed rates by up to 40 basis points (bps) across its range of products.
Rates of standard and specialist five-year products were reduced by 20bps, and now start from 5.19%.
The lender’s expat and holiday let products were also cut by 20bps, while its two- and five-year product transfer rates were lowered by up to 35bps.
The biggest reductions were applied on the lender’s Switch & Fix products, with both its two- and five-year rates reducing by up to 40bps.
Our rates haven’t risen, they've reduced….
— Keystone Property Finance (@KeystonePF) September 26, 2023
We have now reduced our 5 year rates by up to 0.40% and the cherry on the top is we have also introduced a new 7% arrangement fee product to our specialist range.
View our rates here >> https://t.co/hiaIFO94yB pic.twitter.com/GeQ3VGvNgi
Meanwhile, Keystone has also introduced two new 7% arrangement fee products to its specialist range – a 5.49% five-year fix at 65% loan-to-value (LTV) and a 5.59% five year fix at 75% LTV available on loans of up to £2 million.
“The improved market outlook means that we are able to make significant rate cuts for the second consecutive week,” said Elise Coole (pictured), managing director at Keystone Property Finance. “We have always insisted that, when conditions allow, we will move quickly to reduce rates wherever possible and ensure we are offering brokers the most competitive prices we can.
“On top of that, we are always thinking about how we can better support landlords with a more flexible, innovative range of solutions. This has led us to introduce two new 7% arrangement fee options on our specialist range, which are designed to give landlords greater autonomy over how they structure and manage their loans.”
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