Keystone Property Finance has introduced a new range of products with 7% arrangement fees and cut its rates by up to 10 basis points.

The specialist lender’s 7% arrangement fee products come with lower rates than its other five-year fixed rates, allowing landlords to borrow more than if they were to take out a product with a higher rate but lower fee.

The new arrangement fee options include a 5.49% five-year fix at 65% and a 5.59% five-year deal at 75%, available on loans up to £2m and £1.5m, respectively.

Meanwhile, the specialist buy-to-let lender has reduced its five-year standard, specialist, ex-pat and holiday let products by 10 basis points. Its two and five-year product transfer and switch and fix rates have come down by the same amount.

Keystone has also cut its two-year standard and specialist 65% LTV deals by five basis points, meaning that lender’s two-year and five-year mortgages now start at 5.19% and 5.49%, respectively.

Keystone managing director Elise Coole says: “Over the past few months we have been very active in improving our range to ensure we not only have the best possible rates available but also that we provide solutions to suit a wide range of landlords.

“Our new 7% arrangement fee options are a classic example of that. With rates much higher than they were, many landlords are now struggling to achieve the leverage they want. However, our new 7% arrangement fee options come with lower rates, making it much more likely they will walk away with a loan size that works for them”.