Keystone Property Finance has reintroduced several five-year fixed-rate mortgages to its product range for landlords.  

The broker-only buy-to-let lender says its new range of fixed-rate loans are available for standard and specialist properties, expats, holiday lets and product transfers at 65% and 75% loan to value, from 6.99%.  

The firm’s new range of fixed-rate offers start at:  

* 6.99% for standard BTL properties  

* 7.19% for product transfers  

* 7.24% for specialist BTL properties, such as houses in multiple occupation and multi-units  

* 7.39% for expat borrowers financing standard BTL properties  

* 7.64% for expats financing specialist BTL properties  

* And 7.69% for holiday lets  

The lender has two arrangement fee options. The lowest rates in the range come with a 3% arrangement fee. Or, landlords can opt to pay an additional 20 basis points on their rate in exchange for a smaller arrangement fee of 2%.  

As an example, the lowest rate in the standard fixed-rate range is 6.99% at 65% LTV, which comes with a 3% arrangement fee. However, a 2% arrangement fee version is available for 7.19%.  

The business will also allow borrowers who have completed one of its existing variable rate mortgages to switch to one of their new fixed rate loans using its ‘switch and fix’ programme.  

This option means that borrowers will not have to pay any fees and can choose from any of the lender’s new fixed-rate loans that have a 2% arrangement.  

The move comes after new Chancellor Jeremy Hunt last month reversed the vast majority of tax cuts announced in September’s mini-budget, although the stamp duty cut for house purchases remains.                 

The mini-budget led to more than a thousand products being pulled as lenders worked out how to reprice loans as the cost of debt for the government and companies lifted on international money markets, following former Chancellor Kwasi Kwarteng’s tax-cutting fiscal event.      

Keystone Property Finance managing director Elise Coole says: “Our new range has options for all landlords, whether they’re buying or refinancing a standard, specialist or holiday let property.  

“One of the standout features of our new range is that it provides a great deal of flexibility to borrowers who have recently taken out one of our variable rate loans. Using our ‘switch and fix’ initiative, these borrowers can move onto one of our new fixed-rate mortgages fee-free.   

“We believe this sort of flexibility is perfect for someone who believes that variable rates will continue to rise in the short-to-medium term and wants certainty over their repayments.”