Keystone’s 7% arrangement fee products offer lower rates to its other 5-year fixed products, which the lender says will give landlords greater affordability to maximise their borrowing.
The 7% arrangement fee option is now available on its 5-year Standard products at both 65% and 75% LTV - with rates beginning at 4.69% - as well as on its 5-year Specialist products at 65% and 75% LTV for properties with 1 to 6 occupants or units, with rates beginning at 4.99%.
Elise Coole, managing director, at Keystone Property Finance, comments:
“Recent increases in mortgage rates have made it more challenging for some landlords to pass affordability stress tests and secure the borrowing they need. By reintroducing our 7% arrangement fee products, we’re responding directly to these market pressures and providing landlords with a practical solution to achieve higher leverage, even in a tougher rate environment.
“This move is grounded in Keystone’s commitment deliver the right solutions, on time, for brokers and landlords navigating today’s market.”
