Keystone Property Finance has reduced its full range of buy-to-let fixed rate mortgages by 25 basis points.
The specialist lender’s product rates now start at 5.84% and are available at 65% and 75% LTV and open to all property types, including standard, HMOs and multi-unit properties (MUP). The fixed rate range also includes 3% and 4% arrangement fee options.
The lowest rates in each of Keystone’s ranges are now as follows:
|
Product |
LTV |
Range |
Rate now |
Arrangement fee |
|
5-year fix |
65% |
Standard |
5.84% |
4% |
|
5-year fix |
75% |
Standard |
5.94% |
4% |
|
5-year fix |
65% |
Specialist |
6.04% |
4% |
|
5-year fix |
75% |
Specialist |
6.14% |
4% |
|
5-year fix |
65% |
Standard ex-pat |
6.09% |
4% |
|
5-year fix |
75% |
Standard ex-pat |
6.19% |
4% |
|
5-year fix |
65% |
Specialist ex-pat |
6.29% |
4% |
|
5-year fix |
75% |
Specialist ex-pat |
6.39% |
4% |
|
5-year fix |
65% |
Holiday let |
6.29% |
4% |
|
5-year fix |
75% |
Holiday let |
6.39% |
4% |
The lender continues to allow any borrower who has completed on a variable rate loan since September to move onto selected fixed rate deals using its “switch & fix” initiative.
Keystone managing director Elise Coole says: “We are delighted to provide landlords with significant cost savings on their mortgage finance at a challenging time in the economic cycle.
“Following these reductions, landlords can now obtain finance from Keystone at sub-6% rates of interest, which we are sure will be welcomed in the current climate.
“When planning these cuts, we were mindful of the fact that we wanted to treat all of our borrowers the same, which is why the reductions apply to all products and property types.”
