"Throughout the past month of rapidly changing market conditions, our focus has been to ensure brokers continue to have access to the best options for their landlord clients"
- Elise Coole - Keystone Property Finance
Keystone Property Finance has reintroduced two and five-year fixed-rate buy-to-let products, expanding broker options after a period of market disruption forced a temporary withdrawal.
Keystone Property Finance has reintroduced fixed-rate products across its two and five-year buy-to-let ranges, expanding the options available to brokers and their landlord clients after a turbulent period for the mortgage market.
The lender had temporarily withdrawn fixed-rate products in March amid rapidly shifting market conditions, replacing them with a range of two-year tracker products designed to maintain broker access to flexible solutions in the interim.
With fixed rates now restored, Keystone's full product suite is once again available across its core lending propositions.
Rates and products now available
The reintroduced fixed rate ranges cover six lending categories, with starting rates as follows:
- Standard: 3.54% at 70% LTV
- Specialist: 3.59% at 70% LTV
- Ex-pat: 4.89% at 65% LTV
- Holiday Let: 5.64% at 65% LTV
- Product Transfer/PT Plus: 5.14% at 65% LTV
- Refurb to Let Exit: 5.14% at 65% LTV
Keystone's two-year tracker products remain available alongside the fixed rate range, offered at 65% and 75% LTV. Both track the Bank of England base rate, starting from BBR + 1.89% and BBR + 1.99% respectively.
Borrowers currently on tracker products will gain access to Keystone's Switch & Fix facility after Easter, giving them the option to move onto a fixed rate as their circumstances or the wider market evolve.
Responding to market conditions
"Throughout the past month of rapidly changing market conditions, our focus has been to ensure brokers continue to have access to the best options for their landlord clients," said Elise Coole, managing director of Keystone Property Finance (pictured).
"Adding tracker products to our range last week provided immediate flexibility. The reintroduction of fixed rates and the upcoming Switch & Fix facility give brokers greater choice when exploring both short and longer-term solutions.
"As a lender, it's important we remain responsive to changing conditions. By adapting our product range, we're helping brokers continue to place cases with confidence. We will monitor the market closely and will act quickly where needed, with the aim of providing brokers with the support and product breadth they need and expect from Keystone."
The return of fixed rates positions Keystone to serve a broader range of landlord borrowing needs, from straightforward residential investment to more complex propositions such as HMO conversions through Refurb to Let Exit products and overseas buyers through its Ex-pat range.
The Switch & Fix option adds a further layer of flexibility for those who opted for tracker products during the period of fixed rate uncertainty.
