The specialist lender has announced a series of rate reductions across its two- and five-year fixed products.
Rates have been lowered on Keystone’s five-year fixed Standard range, now starting at 2.94% at 70% LTV, and its Specialist range, starting at 2.99% at 70% LTV, as well as on its Ex-pat and Holiday Let products. Within the Specialist range, the reductions apply to both HMO and multi-unit properties.
In addition, the lender has applied a 10bps reduction to selected two-year fixed products across its Specialist (7–15), Holiday Let, and Ex-pat ranges, along with a further 10bps cut to its Product Transfer, PT Plus, and Refurb to Let Exit products.
Following these changes, Keystone’s product range now starts from 2.94% at 70% LTV for its Standard two-year fixed rate and 2.99% at 70% LTV for its Specialist equivalent. The Refurb to Let two-year fixed rate begins at 4.74% at 65% LTV, while the Ex-pat and Holiday Let products start at 4.14% and 4.89%, respectively, both at 65% LTV. For existing customers, Product Transfer and PT Plus options are available from 4.64% at 65% LTV on a five-year fixed rate, and the Switch & Fix range starts at 5.79%, also at 65% LTV.
As part of this update, Keystone has also introduced unified product codes across its full range, streamlining processes by replacing separate codes for individual and limited company applications.
Elise Coole, managing director at Keystone Property Finance (pictured), said:
“Easing swap rates have given us the scope to reduce pricing, and we’re delighted to pass these savings on to brokers and their landlord clients straight away. At the same time, we’re simplifying how people do business with Keystone by introducing a single product code for each product, regardless of whether the application is in an individual’s name or limited company structure.
“These updates deliver sharper pricing and, with fewer friction points at full mortgage application, are designed to help brokers place cases with greater confidence.”
