Keystone Property Finance has cut rates by 10 basis points across nearly every product in its range.
The cuts apply to the specialist buy to let lender’s buy-to-let, product transfer, PT Plus and refurb-to-let ranges.
Standard rates now start from 3.39% at 65% LTV, with expat rates from 4.99%, holiday let rates from 5.69%, product transfer rates from 5.04%, and refurb-to-let exit products from 5.04%.
The cuts follow Keystone’s recent moves to streamline its ranges, simplifying its product guides and introducing special edition products for HMO and MUFB cases. As part of those changes, the lender introduced a new 5% arrangement fee tier across its ranges and updated its criteria to accept up to 20 occupants/units for HMOs and MUFBs.
Elise Coole, managing director at Keystone Property Finance, said: “We are always watching the market closely and when opportunities arise, we move quickly to pass those savings on to brokers and their clients. That is exactly what has happened in the past few days, allowing us to reduce rates by 10 basis points across nearly every product in our range.
"With mortgage rates having experienced upward pressure over the past month, we want brokers to know that we remain committed to offering competitive products that reflect the market conditions at that time. That responsiveness is something brokers and borrowers value and it will remain a key focus for us."
