Keystone Property Finance has cut all of its standard and holiday let fixed rates by 20 basis points.

The buy-to-let (BTL) lender has also made 15 basis point reductions to its specialist range and 10 basis point cuts to its ex-pat selection.

Rates now therefore start at 5.64% with a 4% arrangement fee and 5.89% with a 3% arrangement fee.

This move comes after the lender chopped 25 basis points from all of its products earlier this month.

Keystone managing director Elise Coole says: “When conditions allow us to reduce our rates, we don’t wait around to pass those cost savings onto landlords, which is why we have been so active in the first three weeks of 2023.

“We are constantly keeping an eye on markets and we will continue to make improvements, whether through rate reductions or criteria enhancements, wherever we possibly can.

“Our message to brokers is simple: we’re well-funded and have a large appetite to lend this year, so come and talk to us. We’re certain we have a solution for you and your clients.”