Keystone Property Finance has reintroduced a 7% arrangement fee option on selected five-year loans allowing landlords to borrow more, while Virgin Money lifts some residential and buy-to-let loans as well as withdrawing others.   

The specialist lender’s 7% arrangement fee is available on its five-year standard products at 65% loan to value and 75% LTV, as well as on its five-year specialist deals at 65% LTV and 75% LTV for properties with one to six occupants or units. 

Its rates for these products are: 

• Five-year standard — 4.69% at 65% LTV, and 4.79% at 75% LTV 

• Five-year specialist — 4.99% at 65% LTV, and 5.09% at 75% LTV 

Keystone Property Finance managing director Elise Coole says: “Recent increases in mortgage rates have made it more challenging for some landlords to pass affordability stress tests and secure the borrowing they need.  

“By reintroducing our 7% arrangement fee products, we’re responding directly to these market pressures and providing landlords with a practical solution to achieve higher leverage, even in a tougher rate environment.”

Meanwhile, Virgin has raised selected residential and buy-to-let loans as well as withdrawing four products from today. 

The high street lender’s price rises include:

Purchase:

• Selected two- and five-year fixes, with a £995 fee have been increased by up to 15bps

• Selected Own New fixes have been increased by up to 15bps

Remortgage:

• Retrofit Boost five-year fixes, with a £995 fee, have been increased by up to 15bps

BTL:

• 60% LTV two- and five-year fixes, with a £2,195 fee, have been increased by up to 10bps

The lender has also withdrawn these loans:

• 75% LTV five-year fixes, with a £895 fee, at 4.09%

• 75% LTV five-year fee-saver fixes at 4.24%

• 85% LTV five-year fixes, with a £995 fee, at 4.19%

• 85% LTV five-year fixes, with a £995 fee, at 4.24%