Keystone Property Finance has cut rates by up to 20 basis points across all of its products and extended its cashback offer to landlords borrowing smaller sums.
The buy-to-let lender has reduced its standard two and five-year fixed rate products across its core, larger loan and green ranges by 0.2 percentage points.
Rates now start at 2.89% for two-year fixed rate and 2.99% for a five-year fixed rate both at 65% LTV.
All of Keystone’s products come with a 2% arrangement fee.
Following the rate cuts, deals in Keystone’s green range now start from 2.79% for two-year fixed, also at 65% LTV.
The lender has reduced rates in its specialist range, which caters to landlords with holiday lets, houses in multiple occupation (HMOs) and multi-unit blocks.
Its specialist two-year fixed rates have been reduced by 20 basis points and its specialist five-year deals by 15 basis points so that they now start from 3.04% and 3.24%, respectively.
The lender has extended its cashback offer to loans of £150,000 or more, down from £200,000 previously.
Landlords borrowing between £150,000-£500,000 receive £750 cashback while those borrowing £500,001-£1m will receive £1,000.
The specialist lender has also made some new improvements to its online portal, MyKeystone, following broker feedback.
These include a faster upload time for documents as well as a new functionality to allow multiple documents to be uploaded at one time.
Keystone Property Finance managing director Elise Coole says: “We are constantly trying to ensure our range is not only competitive but also that we provide products that satisfy the needs of the market.
“A major part of that involves keeping in close contact with our broker partners to ensure we stay ahead of the game and are in tune with what landlords need and want.
“We have proven that this year by continuing to make product enhancements as well as system improvements to make our application process more efficient.
“These reductions will ensure we remain competitive in the specialist space, while lowering our cashback threshold means we can give a little something back to an even greater number of landlords.”
