Commenting on the reprice, David Whittaker, managing director of Keystone said:
“These price reductions are good news for landlords who have a greater appetite for risk. Whilst they provide less protection against rate rises, these term trackers do allow landlords to borrow more than they could using our fixed rates. We’re delighted that Aldermore Bank, who fund both the Classic and Premier Ranges, found room in its margins to re-priced downwards.”
Term tracker rates in the Classic Range now start from 4.84% (LIBOR + 4.24%) at 75% LTV. Term tracker rates in the Premier Range now start from 4.64% (LBOR + 4.04%).
The reductions come just a week after Keystone announced the launch of its new Solutions Range which provides landlords struggling to qualify for a buy to let mortgage with a viable alternative for three years.
