They aim to offer more affordable options for brokers and property investors
A couple of specialist lenders, Keystone Property Finance and Molo Finance, have announced rate reductions across their product ranges, offering improved pricing options for brokers and their landlord clients.
Keystone Property Finance has reduced rates by 10 basis points (bps) across its entire portfolio, which includes standard, specialist, expat, holiday let, and product transfer products.
Following the changes, rates now start at 3.44% for standard products up to 70% loan-to-value (LTV), 3.49% for specialist products up to 70% LTV, 4.79% for expat products up to 65% LTV, 4.94% for holiday let products up to 65% LTV, 4.89% for product transfer and Product Transfer Plus products up to 65% LTV, and 5.79% for Switch & Fix products up to 65% LTV.
📢 Rate Reduction Alert! 📢
— Keystone Property Finance (@KeystonePF) November 28, 2024
We’ve reduced our 2 and 5 year fixed rates by 0.10%!
Rates now start at just 3.44%, offering tailored solutions across our specialist lending range.
View our reduced rates here 👉 https://t.co/Kb42LCtV6w#BTL #SpecialistLending pic.twitter.com/cmpkG5cHEX
“We’re delighted to announce a 10bps reduction right across our range, thanks to recent stability in swap rates, resulting in a meaningful saving for brokers and their clients,” said Elise Coole (pictured left), managing director of Keystone Property Finance.
“As soon as funding conditions allow, we act quickly to ensure our customers benefit without delay. This approach is a key part of what sets us apart in the buy-to-let specialist space, demonstrating our commitment to supporting landlords with competitive products.”
Meanwhile, Molo Finance has lowered rates by up to 14bps on its five-year fixed buy-to-let mortgages for UK residents, effective immediately.
Standard five-year fixed rates now start at 4.81% for individual and limited company borrowers with loans up to 75% LTV. Specialist products, which include financing for houses in multiple occupation, multi-unit freehold blocks, holiday lets, and new builds, now start at 4.95%.
Rates for Molo’s two-year fixed products remain unchanged, starting at 3.34% for standard offerings and 3.53% for specialist options, providing competitive short-term solutions for landlords.
“We’re delighted to announce rate reductions across our UK resident five-year fixed rate for both standard and specialist buy-to-let products,” said Martin Sims (pictured right), distribution director at Molo Finance. “This move underscores our commitment to delivering competitive and flexible solutions to our intermediary partners and their clients.”
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