Find out which products are now offering reduced interest rates
Two lenders, Keystone Property Finance and Coventry for intermediaries, have announced rate reductions across their product ranges.
Specialist buy-to-let lender Keystone has reduced rates by 15 basis points (bps) on its two- and five-year fixed products. The cuts apply to the lender’s standard, specialist, expat, holiday lets, and product transfer ranges.
New rates now start at 3.49% up to 70% loan-to-value (LTV) for standard products, 3.54% up to 70% LTV for specialist products, 5.04% up to 65% LTV for expat products, 5.19% up to 65% LTV for holiday lets, 5.14% up to 65% LTV for product transfer and Product Transfer Plus, and 6.44% up to 65% LTV for Switch & Fix products.
We’ve reduced our rates by 0.15% 📢
— Keystone Property Finance (@KeystonePF) January 21, 2025
This includes reductions on our newly launched 5% and 5.5% arrangement fee products on our PT and PT Plus ranges.
✨ 2 year fixed rates start from 3.49%
✨ 5 year fixed rates start from 4.99%
View our rates here > https://t.co/GEBm5Owcmv pic.twitter.com/B83hJPLAJZ
“We’re delighted to be able to reduce our rates at a time when many other lenders’ rates are still increasing,” said Elise Coole (pictured left), managing director of Keystone Property Finance. “While swap rates accelerated after the New Year, we’ve seen settled funding conditions over the past few days, which has allowed us to reprice our range.”
Meanwhile, Coventry for intermediaries has also reduced selected fixed rates by up to 10bps, offering lower options for both residential and buy-to-let customers.
The lender’s two-, three-, and five-year fixed rate products are available for residential applications with LTVs ranging from 65% to 95%.
Highlights of the reductions include a two-year fixed rate of 4.53% at 65% LTV with a £999 product fee, available for residential purchases. For buy-to-let remortgages, the five-year fixed rate is now 4.61% at 65% LTV with a £1,999 product fee, alongside the option of £350 cashback or the use of Coventry’s Remortgage Transfer Service.
“There’s been some turbulence in the market in recent weeks, but we’re keeping an eye on any movements so we can pass on reductions where we can,” said Jonathan Stinton (pictured right), head of intermediary relationships at Coventry Building Society. “Supporting brokers is a top priority for us, so we want to do all we can to help them help their clients.”
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