Keystone Property Finance has introduced two new landlord products and cut rates across its range by up to 40 basis points.
The specialist buy-to-let lender’s pair of buy-to-let deals include a 5.49% five-year fix at 65% loan to value and a 5.59% five-year fix at 75% LTV, available on loans of up to £2m.
It adds the new products “allow landlords to achieve higher levels of leverage” and carry a 7% arrangement fee.
Meanwhile, the firm’s biggest reductions are on its Switch & Fix products, with both two- and five-year rates cut by up to 40bps.
Its standard and specialist five-year products have come down by 20bps, with rates now starting at 5.19%.
The firm adds that ex-pat and holiday let loans have also been cut by 20bps, while its two- and five-year product transfer rates have been reduced by up to 35bps.
Keystone Property Finance managing director Elise Coole says: “The improved market outlook means that we are able to make significant rate cuts for the second consecutive week.
“We have always insisted that, when conditions allow, we will move quickly to reduce rates wherever possible and ensure we are offering brokers the most competitive prices we can.
“On top of that, we are always thinking about how we can better support landlords with a more flexible, innovative range of solutions.
“This has led us to introduce two new 7% arrangement fee options on our specialist range, which are designed to give landlords greater autonomy over how they structure and manage their loans.”
