Keystone Property Finance has today reintroduced a 7% arrangement fee option on selected 5-year products to allow landlords to achieve higher levels of leverage.
Keystone’s 7% arrangement fee products offer lower rates to its other 5-year fixed products, giving landlords greater affordability to maximise their borrowing.
The specialist lender’s 7% arrangement fee option is now available on its 5-year Standard products at both 65% and 75% LTV, as well as on its 5-year Specialist products at 65% and 75% LTV for properties with 1 to 6 occupants or units.
Rates for these products are as follows:
- 5-year Standard: 4.69% at 65% LTV, and 4.79% at 75% LTV
- 5-year Specialist: 4.99% at 65% LTV, and 5.09% at 75% LTV
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.”
