Keystone Property Finance has today made a 15 basis point reduction across fixed rates within its buy to let product ranges.
The reductions apply across the specialist lender’s two and five year fixed rates. These cuts reflect the recent reduction in SWAP rates, which has allowed them to improve pricing.
The changes apply to Keystone’s Standard, Specialist, Ex-pat, Holiday Let, Product Transfer/Product Transfer Plus, and Refurb to Let Exit ranges.
In addition, Keystone has enhanced its HMO and Multi-Unit criteria by increasing the maximum number of occupants/units from 15 to 20.
Keystone continues to offer a broad range of products, including its two year tracker products and newly launched semi-commercial range, both available at unchanged pricing.
Rates across Keystone's buy to let product ranges now start from:
- Standard: 3.29% at 70% LTV
- Specialist: 3.34% at 70% LTV
- Ex-pat: 4.64% at 65% LTV
- Holiday Let: 5.39% at 65% LTV
- Product Transfer/PT Plus: 4.99% at 65% LTV
- Refurb to Let Exit: 4.99% at 65% LTV
Elise Coole, managing director at Keystone Property Finance, said: “We are always reviewing our product range in line with market changes and, following the recent stability in SWAP rates, we have moved quickly to pass on improvements in pricing to our brokers.
“With many buy to let landlords focusing on their options in a changing market, it is vital that brokers have access to competitive pricing across a broad range of solutions. These latest reductions are designed to provide greater choice and increased confidence when placing cases.
“As always, we will continue to pass on reductions wherever possible, and as quickly, as we can. Brokers and borrowers turn to Keystone for flexibility and choice with their buy to let cases and making updates such as these is a key part of how we continue to support them."
