Keystone reduces 5-year fixed rates by 0.55%

Keystone Buy to Let Mortgages has reduced its five year fixed rates by 0.55%, now starting at 5.48% up to 75% LTV, to reflect the lower, longer term cost of funds in the market.

Related topics:  Mortgages
Amy Loddington
27th September 2012
Mortgages
Five year fixed rates for applications from private individuals up to 75% LTV:

-          5.48% for standard properties (previously 6.03%)

-          5.58% for multi-unit properties (previously 6.13%)

-          5.68% for HMO properties (previously 6.23%)

Five year fixed rates for applications made by limited companies up to 75% LTV:

-          5.98% for standard properties (previously 6.53%)

-          6.08% for multi-unit properties (previously 6.63%)

-          6.18% for HMO properties (previously 6.73%)

David Whittaker, managing director of Mortgages for Business, said:

“For investors who prefer the security of fixing for the longer term, these new rates are extremely keenly priced and only marginally more than the three year fixed and discounted products. We think investors will be impressed.”   

Rob Lankey, managing director of Commercial Mortgages, at Aldermore, said:

“The lower rates complete a round of price reductions across the Keystone Buy to Let Mortgages range. It demonstrates our on-going commitment to professional landlords, particularly those looking to finance more complex deals including multi-unit blocks, HMOs and limited company applications.”
More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.