"This option provides the ability to track the market downwards and fix at a time of their choosing that works for them, with no additional cost."
Keystone Property Finance has launched a new range of two-year buy-to-let tracker mortgages.
The products offer a fixed margin over Bank of England Base Rate (BBR) and include the flexibility of being able to move on to a fixed rate within the initial period at no extra cost or early repayment charges.
Loans are available at 65% and 75% LTV with rates starting at BBR+ 2.10% and 2.20% respectively.
Customers who choose one of these loans will be eligible for a product transfer from the lender’s full range after the initial two-year period has completed.
In addition, Keystone has launched a separate two-year product transfer tracker range.
Details of all the changes can be found on the lender’s new-look website, which has launched today offering enhanced product pages, new interactive tools and bespoke content for brokers and customers.
Elise Coole, managing director at Keystone Property Finance, said: “This new range of two-year tracker products with a Switch & Fix facility further expands our product range at a time when brokers and their clients are looking for greater choice.
“For landlords who may want to take a “wait and see” approach to fixing their mortgage but do not want to remain on a high reversion rate, this option provides the ability to track the market downwards and fix at a time of their choosing that works for them, with no additional cost.
“These new additions further strengthen our commitment to providing brokers and their clients with access - at all times - to the most comprehensive and competitively priced lending solutions we can.”