Customers are eligible for a product transfer after the initial two-year period has completed
Specialist buy-to-let lender Keystone Property Finance has launched a new range of two-year tracker mortgages with a Switch & Fix facility.
The new products offer a fixed margin over Bank of England base rate (BBR) and include the flexibility of being able to move on to a fixed rate within the initial period at no extra cost or early repayment charge (ERC).
Loans are now available at 65% and 75% loan-to-value (LTV), with rates starting at BBR plus 2.10% and BBR plus 2.20%, respectively.
Borrowers taking any of these loans qualify for a product transfer from the lender’s full range once the initial two-year period has concluded.
Keystone has also launched a separate two-year product transfer tracker range.
🎉 It's a 2 for 1 kind of day; not only have we just launched 2 Year Tracker products with a “Switch & Fix” facility but you can view these on our brand new website 🚀
— Keystone Property Finance (@KeystonePF) October 17, 2023
Find out more about our new products here >> https://t.co/tsBDGpF7Ol pic.twitter.com/CEroausmjQ
“This new range of two-year tracker products with a Switch & Fix facility further expands our product range at a time when brokers and their clients are looking for greater choice,” said Elise Coole (pictured), managing director at Keystone Property Finance.
“For landlords who may want to take a wait-and-see approach to fixing their mortgage, but do not want to remain on a high reversion rate, this option provides the ability to track the market downwards and fix at a time of their choosing that works for them, with no additional cost.
“These new additions further strengthen our commitment to providing brokers and their clients with access – at all times – to the most comprehensive and competitively priced lending solutions we can.”
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