Keystone Property Finance has cut rates by up to 0.25 percentage points and has launched a larger loan cashback offer as part of an overhaul of its product range.

The specialist buy-to-let lender now says its core range starts at 3.09%.

This range includes a standard five-year fixed product at 75% loan to value at 3.39%, down from 3.54%.

And specialist five-year fixes at 75% LTV at 3.69%, cut from 3.94%.

The lender applies an arrangement fee of 2%, which can either be rolled up into the loan or paid up-front.

As part of the review, Keystone also launches a new cashback offer on loans over £200,000.

It will hand landlords £750 cashback on loans between £200,000 and £500,000 and £1,000 cashback on loans between £500,001 and £1m.

The intermediary-only lender adds that its new green mortgage range — which launched in March and offers discounted rates to landlords with properties that have an Energy Performance Certificate rating of C and above — now starts at 2.99%.

Keystone Property Finance managing director Elise Coole says: “We are cutting our rates and launching our cashback offer, not only to ensure our range is highly competitive but also to give something back to landlords after what has been a difficult year.

“It’s just a small gesture, of course, but we hope one that will make a difference to landlords who borrow from us.”

In January, the lender completed its first securitisation, worth £400m, and appointed Coole as managing director.

Coole, who has worked for over 15 years in the finance industry, including spells at Commerzbank AG and Heylo Housing, has been tasked with growing Keystone’s presence in the market.