Keystone Property Finance launches seven-year fixed products | Mortgage Strategy

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Keystone Property Finance has launched two seven-year fixed rate mortgage products, as demand for longer-term loans persist amongst the landlord community.

The buy-to-let lender has launched a seven-year fix at 3.39%, with an LTV of 65% and a 3.49% product with a 75% LTV.

Both are available with loan sizes of between £50,000 and £1m.

For a House in Multiple Occupation and multi-unit properties, the lender has also launched two further seven-year fixes, at 3.69% with a 65% LTV and a 3.79% product at 75% LTV. Both are also available at £50,000 and £1m.

“In recent months the topic that has been coming up time and time again when we speak with brokers is that landlords are increasingly after long-term fixed rates,” says Keystone Property Finance managing director, Elise Coole.

“It is completely understandable that landlords would want the long-term security that a seven-year fixed rate provides given that the Bank of England has increased interest rates twice since December,” she adds.

Existing Keystone customers will be able to obtain the same fix for the long-term through the lender’s product transfer offering, according to the company.


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