Keystone Property Finance cuts rates, reinstates fee option

The specialist BTL lender has lowered its two-year standard fixed rates by 15 basis points, meaning the range now starts at 3.24 per cent

Keystone Property Finance has reduced a series of mortgage products by up to 20 bps and reinstated a fee option.

The specialist buy-to-let (BTL) lender has lowered its two-year standard fixed rates by 15 basis points, meaning the range now starts at 3.24 per cent.

It has also reduced its specialist (1-6 occupants/units) two-year fixed rates by 15 basis points, with the range now starting at 3.29 per cent.

As well as cutting its two-year fixed rates, Keystone has also reduced its Switch & Fix products, which allows variable rate borrowers to switch fee-free at any time to a fixed rate, by 20 basis points. The range now starts at 5.24 per cent.

Moreover, the lender has reintroduced its 7 per cent arrangement fee option. This fee option is available at 70 per cent loan to value across both two and five-year fixed rates.

Elise Coole, MD of Keystone Property Finance, said: We are excited to announce a significant cut in rates. It means we can offer even more competitive options to brokers and their landlord clients. As ever, we are committed to ensuring that reduced borrowing costs are passed on to borrowers as soon as possible, so we remain a step ahead in delivering value to the market.

We are also delighted to reintroduce our 7 per cent arrangement fee option, which we have brought back following high demand from brokers. This option provides landlords with the flexibility they need to manage affordability and achieve the leverage they’re looking for, she said.

The post Keystone Property Finance cuts rates, reinstates fee option first appeared on Invest for Property London, Buy Residential property UK.
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