Rates are reduced by up to 20bps
Specialist buy-to-let lender Keystone Property Finance has reduced rates again – this time, lowering its product rates by up to 20 basis points.
With the latest rate cuts, Keystone’s standard range now starts from 4.64% for a two-year fix and 5.14% for a five-year fix.
The lender has also reduced its two-year product transfer and standard Switch & Fix fixed rates by 15bps and all five-year fixed rates in its specialist, Switch & Fix, and expat and holiday lets product ranges by 5bps.
As a result, Keystone’s product transfers now start from 6.09%, while its expat and holiday let ranges start from 6.19%.
🚨 Product Update 🚨— Keystone Property Finance (@KeystonePF) November 16, 2023
We've reduced our rates for a second week running by up to 0.20%.
We offer a wide range of products for clients and properties at 65% and 75% LTV... rates now start from 4.64%.
View our rates here >> https://t.co/3tpvIywkeS pic.twitter.com/prMYAmKWIk
The buy-to-let lender recently reduced its standard and specialist two-year fixed rates by 10bps, and at the start of the month, announced a host of rate cuts of up to 20bps across both ranges.
“We hope that the series of rate cuts that we have made in quick succession gives confidence to the market,” said Elise Coole (pictured), managing director at Keystone Property Finance, says. “As we have pointed out previously, downward movement in rates isn’t always dependent on changes to bank rate.
“We take a flexible approach to pricing and will always endeavour to pass savings on to brokers and their clients whenever we can. In this case, we have been able to apply reductions right across our range, giving all customers more competitive lending options.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, Twitter, and LinkedIn.