The lender has cut fixed rates across its product set, including on its standard, specialist, expat, product transfers, holiday lets and switch & fix ranges.

The reductions have been applied as follows:

Standard fixed rates cut by 10 basis points, meaning rates now starting at 4.04%,

Specialist fixed rates cut by up to 20 basis points, with rates now starting at 4.09%,

Ex-pat and Holiday Let fixed rates cut by up to 25 basis points, with rates now starting at 4.64%,

Switch & Fix products cut by up to 25 basis points, with rates now starting at 5.54%.

Product Transfers by up to 20 basis points with rates now starting at 4.79%

Commenting on the rate reductions: Keystone managing director Elise Coole said: “Recent decreases in SWAP rates have provided us with the opportunity to pass on these savings directly to our clients. At Keystone, we have always been committed to ensuring that any reductions in funding costs benefit our borrowers as soon as possible.”