Keystone Property Finance has cut buy-to-let rates by 10 basis points across almost its entire product range.
The reductions cover the specialist lender's Buy to Let, Product Transfer, PT Plus and Refurb to Let ranges. Keystone's rates now start from:
- Standard: 3.39% at 65% LTV
- Ex-pat: 4.99% at 65% LTV
- Holiday Let: 5.69% at 65% LTV
- Product Transfer: 5.04% at 65% LTV
- PT Plus: 5.04% at 65% LTV
- Refurb to Let Exit: 5.04% at 65% LTV
The cuts follow a period of product consolidation at Keystone. The lender recently simplified its product guides and launched special edition products for HMO and MUFB cases. As part of those changes, it introduced a new 5% arrangement fee tier across its ranges and updated its criteria to accept up to 20 occupants or units for HMOs and MUFBs.
"We are always watching the market closely, and when opportunities arise, we move quickly to pass those savings on to brokers and their clients. That is exactly what has happened in the past few days, allowing us to reduce rates by 10 basis points across nearly every product in our range," said Elise Coole, managing director at Keystone Property Finance (pictured).
"With mortgage rates having experienced upward pressure over the past month, we want brokers to know that we remain committed to offering competitive products that reflect the market conditions at that time. That responsiveness is something brokers and borrowers value, and it will remain a key focus for us."
