Keystone Property Finance has lowered rates for a third consecutive week with products reduced by up to 20 basis points.

The specialist buy-to-let lender’s standard range now starts from 4.64% for a two-year fix and 5.14% for a five-year fix.

Keystone has reduced its two-year product transfer and standard Switch & Fix fixed rates by 15 basis point (bps). And all five-year fixed rates in its specialist, switch & fix and ex-pat and holiday lets product ranges have also been reduced by 5 bps.

Following the cuts, Keystone’s product transfers now start from 6.09%, while its ex-pat and holiday let ranges start from 6.19%. 

The lender’s Switch & Fix range gives borrowers the flexibility of a tracker rate with the ability to move on to a fixed rate from their Switch & Fix range within the initial two-year period at no extra cost.

Last week Keystone reduced its standard and specialist two-year fixed rates by 10 bps and at the start of the month announced a host of rate cuts of up to 20 bps across both ranges.

Keystone Property Finance managing director Elise Coole said: “We hope that the series of rate cuts that we have made in quick succession gives confidence to the market.

“As we have pointed out previously, downward movement in rates isn’t always dependent on changes to Bank Rate. We take a flexible approach to pricing and will always endeavour to pass savings on to brokers and their clients whenever we can. 

“In this case, we have been able to apply reductions right across our range giving all customers more competitive lending options.”