Keystone Property Finance has confirmed a further round of rate reductions across its new business and product transfer range. The announcement comes just days after cutting prices on the same ranges last week.
The specialist lender will reduce rates by 5 basis points across all new business products, including its standard, specialist, ex-pat and holiday let ranges. Keystone will also reduce rates by 10 basis points across its product transfer and PT Plus ranges.
These latest changes come just days after Keystone reduced rates by 5bps across its new business and PT/PT+ products, underlining the lender's commitment to maintaining competitive pricing for both new and existing landlord clients. This most recent cut takes the total reduction in the past week to 10bps on its new business products and 15bps on its PT and PT Plus range.
Following the changes, these ranges now start at:
Standard: 2.74%
Specialist: 2.79%
Ex-pat: 4.09%
Holiday Let: 4.84%
Product Transfer / PT Plus: 4.44%
"We're pleased to be able to reduce rates again so soon after last week's changes," said Elise Coole, managing director at Keystone Property Finance (pictured). "As market conditions continue to improve, we're focused on moving quickly to ensure brokers and their clients benefit from lower pricing as soon as possible."
"By cutting rates across both new business and our PT and PT Plus ranges, we're supporting landlords at every stage of their journey," she added. "Whether they are expanding their portfolios or reviewing their existing borrowing arrangements."
